Calls Purchased on Canadian Solar Inc.

Shares of Canadian Solar Inc. CSIQ are higher on the session by 8.10%, currently trading at $9.88. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $10.00 call was purchased 1,000 times, on the offer, on open interest of 1,180 contracts. Overall call volume is now running at 2.77x the daily average with 75% of all calls traded being purchases on the offer. Canadian Solar Inc. designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses. The company conducts all of its manufacturing operations in China.