CSIQCanadian Solar Inc. Common Shares (ON)
Options Analysis Report
Market Cap $1.1B|NASDAQ
● 2026-06-12$16.73
NEUTRAL
Analysis: 2026-06-11 EOD data
1Y +51.5%YTD -34.2%7D -2.5%
Options Vol
3,744
30D
Implied Move
±28.5%
IV Rank
68%
CSIQ Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 93.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 95% — above sector median
Term Structure
<1.1xFront/Back 1.04x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 102.6% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 134.4% (ATM 102.6% + spread 15.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 19.12% (spread 15.92% + slippage 3.20%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.79 (vega 1.252 / spread 15.92%) — spread drag
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +10%, Raw: +7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (neutral) — Raw: +7%
OI Skew Magnitude
≥15%|OI skew| 56.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -7.0%, OI skew +56.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 16%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +8%, ATM: -8%, OTM: +16% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 84% — very bearish vs sector
Activity
Unusual activity?
3.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.4x avg — normal
Turnover Rate
≥15%Vol/OI 1.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +5.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 60% — neutral vs sector
Trade Quality
≥30%Large trade volume 5% — mostly retail
Execution Urgency
≥60%Aggressive execution 19% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 15.9% — wide
Adequate OI
≥10,000OI 194,159 — deep
Active Volume
≥500Volume 3,744/day — adequate
Reasonable Cost
≤$0.50$0.80 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 868.6999999999999 contracts (bid:565.3 ask:303.4) — deep
Execution Quality
<1.0%Avg slippage 3.20% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +4.5% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 93% — seller opportunity
Event Detection
≥10pts kinkIV kink 4.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 29.24 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: No earnings detected; FOMC in 5d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 35 (ITM 20% + inst 5%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.3
bullishIV expensive, mixed flow
Long Puts4.0
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.8
bullishIV rich premium, mixed flow
Covered Call5.6
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.