Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CANADIAN SOLAR (CSIQ) for the 13-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CSIQ was recently trading at $43.71 and has an implied volatility of 80.81% for this period. Based on an analysis of the options available for CSIQ expiring on 13-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $43.71-$53.86 at expiration. In this scenario, the average linear return for the trade would be 51.79%. Big 10.77% Change: After closing the last trading session at $39.46, CANADIAN SOLAR opened today at $39.75 and has reached a high of $44.00. Trade approach: A movement as big as 10.77% is a significantly bullish indicator, so this trade is designed to be profitable if CSIQ maintains its current direction and does not revert back to pricing on the bearish side of $43.71 on 13-Nov-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if CANADIAN SOLAR closes at or above $43.65 on 13-Nov-2020. Based on our risk-neutral analysis, there is a 50.28% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.