Mid-session IV Report August 10, 2023
The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By this often over looked information.
Options with increasing option implied volatility: VMW KR AMC BITO
Popular stocks with increasing volume: UPST RIVN RBLX NIO DKNG XOM CPRI TPR
“The Magnificent Seven.” option implied volatility
Microsoft (MSFT) 30-day option implied volatility is at 24; compared to its 52-week range of 19 to 43.
Alphabet (GOOGL) 30-day option implied volatility is at 25; compared to its 52-week range of 24 to 47. Call put ratio 1.6 calls to 1 put.
Meta Platforms (META) 30-day option implied volatility is at 33; compared to its 52-week range of 29 to 74.
Amazon (AMZN) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 61 as shares rally 1.7%.
Tesla (TSLA) 30-day option implied volatility is at 43; compared to its 52-week range of 42 to 96.
Apple (AAPL) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 45 as shares trade $180.
NVIDIA (NVDA) August option implied volatility is at 44, September is at 63; compared to its 52-week range of 39 to 68 into quarter results in late August.
Option IV into quarter results
Home Depot (HD) August option implied volatility is at 35, September is at 24; compared to its 52-week range of 17 to 39 into the expected release of quarter results before the bell on August 15.
Target (TGT) August option implied volatility is at 65, September is at 40; compared to its 52-week range of 26 to 52 into the expected release of quarter results before the bell on August 16.
Walmart (WMT) August option implied volatility is at 29, September is at 22; compared to its 52-week range of 12 to 32 into shares near record high into quarter results on August 17. Call put ratio 2.2 calls to 1 put.
SPDR S&P Retail ETF (XRT) 30-day option implied volatility is at 23; compared to its 52-week range of 22 to 49 as shares trend higher. Call put ratio 1 call to 1.7 puts.
Tapestry (TPR) 30-day option implied volatility is at 48; compared to its 52-week range of 28 to 58 after acquiring Capri Holdings (CPRI) for $57.00 per share in cash.
Capri Holdings Limited (CPRI) 30-day option implied volatility is at 35; compared to its 52-week range of 34 to 94 after Tapestry (TPR) acquiring Capri for $57 per share in cash.
Options with decreasing option implied volatility: CHGG CPRI TRUP BYND UPST LYFT AYX APPS PLTR APLS RNG BMBL FSR TWLO NVAX
Increasing unusual option volume: CLNE YETI WU IAC KVUE WE YELL CPRI ORGN MGNI USFD TUP AMRS
Increasing unusual call option volume: IAC KVUE CPRI EWW YELL ORGN CLNE APP NGL TPR
Increasing unusual put option volume: EBIX YETI TPR SONO TUP APP CPRI WIX GERN
Active options: TSLA NVDA DIS BABA AAPL AMD AMZN PLTR AMC MSFT PLUG UPST META RIVN RBLX NIO TTD DKNG NFLX XOM
