We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Today's Best Options Trade for Canadian Solar from David Bartosiak
Read MoreHide Full Article
On Monday, November 21st, Canadian Solar (CSIQ - Free Report) will release its third quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Earlier today, Dave Bartosiak gave us two different strategies to play Canadian Solar's earnings. As usual, he gives a bearish scenario and a bullish scenario, then offers up his opinion on which he believes has the greatest likelihood of success. Please now, you have to subscribe to his service for $9.99 a month to watch this video.
His bullish trade idea was short on the December 16th $11/10 Put Spread for a Net Credit of $0.25.
This trade could make 33% if shares of CSIQ close above $11 at expiration on December 16th. On the flipside, this trade experiences a maximum loss with shares below $10. The breakeven for this trade is $10.75.
His bearish trade idea was short on the December 16th $13/15 call spread for a net credit of $0.40.
The trade could make 25% if shares of CSIQ close below $13 at expieration on December 16th. The max loss is above $1500, and breakeven is $13.40.
Canadian Solar in Focus
Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.
Canadian Solar is expected to report earnings at $0.29 a share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 70% at $0.68 per share, beating estimates of $0.40 a share. They have an average earnings surprise of 121.80%.
Bottom Line
How should investors play Salesforce ahead of their earnings report? For future insights on the best options trades, then tune into Zacks Live Trader to see David's thoughts.
Confidential from Zacks
Would you like to access Zacks' 2 best trades that are not available to the public? Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered. Today he is prepared to pass the Best of Our Best along to you. See these timely buys now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Today's Best Options Trade for Canadian Solar from David Bartosiak
On Monday, November 21st, Canadian Solar (CSIQ - Free Report) will release its third quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Earlier today, Dave Bartosiak gave us two different strategies to play Canadian Solar's earnings. As usual, he gives a bearish scenario and a bullish scenario, then offers up his opinion on which he believes has the greatest likelihood of success. Please now, you have to subscribe to his service for $9.99 a month to watch this video.
His bullish trade idea was short on the December 16th $11/10 Put Spread for a Net Credit of $0.25.
This trade could make 33% if shares of CSIQ close above $11 at expiration on December 16th. On the flipside, this trade experiences a maximum loss with shares below $10. The breakeven for this trade is $10.75.
His bearish trade idea was short on the December 16th $13/15 call spread for a net credit of $0.40.
The trade could make 25% if shares of CSIQ close below $13 at expieration on December 16th. The max loss is above $1500, and breakeven is $13.40.
Canadian Solar in Focus
Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.
Canadian Solar is expected to report earnings at $0.29 a share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 70% at $0.68 per share, beating estimates of $0.40 a share. They have an average earnings surprise of 121.80%.
Bottom Line
How should investors play Salesforce ahead of their earnings report? For future insights on the best options trades, then tune into Zacks Live Trader to see David's thoughts.
Confidential from Zacks
Would you like to access Zacks' 2 best trades that are not available to the public? Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered. Today he is prepared to pass the Best of Our Best along to you. See these timely buys now >>