CSIQCanadian Solar Inc. Common Shares (ON)
CSIQ Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
CSIQ Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 90.2% — elevated vs history
IV/HV 1.30x — IV premium over HV
Sector percentile 93% — above sector median
Front/Back 0.89x — contango
Put/Call IV 1.16x — elevated
ATM IV 77.4% — normal range
Effective IV 105.0% (ATM 77.4% + spread 13.8% + bias) — expensive
Total drag 20.88% (spread 13.82% + slippage 7.06%) — high friction
Vega efficiency 1.05 (vega 1.452 / spread 13.82%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +13% (bullish) — Raw: +22%
|OI skew| 51.4% — call-heavy
Vol skew -2.2%, OI skew +51.4% — divergent (opposite)
0-DTE 46%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +14%, ATM: +25%, OTM: +26% — bullish (ITM/ATM aligned)
Sector P/C percentile 79% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.4% — normal turnover
1 day(s) elevated — may be one-day event
OI change -0.6% (5d) — stable
Sector activity percentile 38% — below sector avg
Large trade volume 25% — mixed
Aggressive execution 29% — patient
Conviction +13 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 13.8% — wide
OI 171,101 — deep
Volume 2,457/day — adequate
$0.69 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 95% — much wider than sector
Depth 487.4 contracts (bid:261.0 ask:226.4) — adequate
Avg slippage 7.06% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -11.5% — contango
IV percentile 90% — seller opportunity
IV kink -7.6pts — no clear event
θ/ν ratio 77.66 — favors income trades
5 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +13% @ 57% consistency — unclear
Score 55 (ITM 20% + inst 25%) — moderate institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.