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Hawk’s Nest

Short Term Bulls Target Relative Strength Solar Name

by | Jan 31, 2023

Canadian Solar (CSIQ) interesting spread sells to open 2000 Feb $41 puts for $1.55 and buys 5000 of the $44 calls at $1.02. Name is forming strong bull flag after consolidating the strong early January advance. CSIQ has a VPOC overhead at 44.38 but a close above this level can see a swift breakout towards 50 as the bigger picture weekly chart is forming a massive inverted head and shoulders with upside to 60.