Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call 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 $37.13 and has an implied volatility of 77.28% 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 $29.51-$37.14 at expiration. In this scenario, the average linear return for the trade would be 35.92%. Big -10.78% Change: After closing the last trading session at $41.62, CANADIAN SOLAR opened today at $40.99 and has reached a low of $37.06. Trade approach: A movement as big as -10.78% is a significantly bearish indicator, so this trade is designed to be profitable if CSIQ maintains its current direction and does not revert back to pricing on the bullish side of $37.13 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 bearish strategy, the trade would be profitable if CANADIAN SOLAR closes at or below $37.40 on 13-Nov-2020. Based on our risk-neutral analysis, there is a 51.22% 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.