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Canadian Solar put volume heavy and directionally bearish

Bearish flow noted in Canadian Solar with 2,341 puts trading, or 1.8x expected. Most active are 3/1 weekly 23 puts and Mar-24 21 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 1 point on the day. Earnings are expected on March 14th.

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