CSIQ is trading $15.10, up 3.1% with IV30⢠down 2.7%. The <a href="http://www.livevol.com/">LIVEVOL⢠Pro Summary</a> is <a href="http://livevol.blogspot.com/2010/11/csiq.html">in the article</a>. <img src="http://www.livevolpro.com/help/images/blog/csiq_summary.gif" /> ------------------------------------------------------------------- <a href="http://www.livevolpro.com/help/free_trial.html"><img src="http://www.livevolpro.com/help/images/blog/lvp_trial_ad.gif" height="200"></a> For a limited time we are offering a FREE real-time trial to Livevol Pro⢠for non-professional traders. You can get your trial by following the directions here: <b><a href="http://www.livevolpro.com/help/free_trial.html">Click for Free Trial Offer</a></b> ------------------------------------------------------------------- CSIQ designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses. The stock just came up on a real-time custom scan. This one hunts for calendar spreads between the front two months. <b>Custom Scan Details</b> Stock Price >= $5 Sigma1 - Sigma2 >= 8 Average Option Volume >= 1,000 Industry != Bio-tech Days After Earnings >=5 <=70 Sigma1, Sigma2 >= 1 The snapshot of the scan is included (<a href="http://livevol.blogspot.com/2010/11/csiq.html">in the article</a>) in case you want to build it yourself in Livevol Proâ¢. <img src="http://www.livevolpro.com/help/images/blog/calendar_spread_scan.gif" width="600" /> The goal with this scan is to identify back months that are cheaper than the front by at least 8 vol points. I'm also looking for a reasonable amount of liquidity in the options (thus the minimum average option volume), want to avoid bio-techs (and their crazy vol) and make sure I'm not selling elevated front month vol simply because earnings are approaching. Looking to the Skew Tab (<a href="http://livevol.blogspot.com/2010/11/csiq.html">in the article</a>), we can see the elevated vol in the front month (red line) relative to the second month (yellow line). I have highlighted the vol diff between the Nov/Dec 13/17 strangle. <img src="http://www.livevolpro.com/help/images/blog/csiq_skew_11-4-2010.gif" width="600" /> Finally, let's look to the Options Tab (<a href="http://livevol.blogspot.com/2010/11/csiq.html">in the article</a>). <b>Potential Trades to Analyze</b> 1. Sell the Nov 13/17 strangle @ $0.45 and buy the Dec 13/17 strangle for $1.15 for a net debit of $0.70. This sells ~74 vol and purchases ~64 vol. 2. Adding a delta bet to this (hey it's a solar company and those can't go down, right?...), buy the Dec 13/16 strangle instead of the 13/17. This is more expensive (by about $0.30) but gets you some long deltas. A step further, don't cover the Nov 13 put sale. i.e. Sell the Nov 13/17 strangle and buy the Dec 16 calls... risky for some deltas. 3. If you're more of a bear, do the opposite of 2; uncovered calls. Remember, in general solar companies due tend to exhibit reverse skew. I wrote about this phenomenon here: <b><a href="http://livevol.blogspot.com/2010/01/solarfun-solf-call-purchases-with.html">Understanding Option Skew</a></b> This is trade analysis, not a recommendation. Details, trades, prices, vols, skews, charts here: <a href="http://livevol.blogspot.com/2010/11/csiq.html" >http://livevol.blogspot.com/2010/11/csiq.html</a> Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>