Mid-session IV Report May 30, 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: AI IEP AVGO PLTR ANET FSLY MU NKE TSLA HPE VRAR
Popular stocks increasing options volume: CRM CRWD AAPL
Chip Tech option IV as shares near upper end of range
NVIDIA (NVDA) 30-day option implied volatility at 52; compared to its 52-week range of 40 to 68 as shares rally 5%.
Broadcom (AVGO) 30-day option implied volatility is at 40; compared to its 52-week range of 23 to 44 as shares rally 4.5%.
Western Digital (WDC) 30-day option implied volatility is at 40; compared to its 52-week range of 36 to 73.
Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 53; compared to its 52-week range of 40 to 69 as shares sell off 1.9%.
Micron Technology (MU) 30-day option implied volatility is at 50; compared to its 52-week range of 34 to 62 as shares sell off 2.5%.
Taiwan Semi (TSM) 30-day option implied volatility is at 36; compared to its 52-week range of 27 to 53. Call put ratio 5.8 calls to 1 put with focus on June calls.
Marvell Technology (MRVL) 30-day option implied volatility is at 52; compared to its 52-week range of 45 to 73 as shares sell off 5%.
Qualcomm (QCOM) 30-day option implied volatility is at 36; compared to its 52-week range of 29 to 58. Call put ratio 2.9 calls to 1 put.
Applied Materials (AMAT) 30-day option implied volatility is at 37; compared to its 52-week range of 31 to 59.
Intel (INTC) 30-day option implied volatility is at 40; compared to its 52-week range of 27 to 59. Call put ratio 6.5 calls to 1 put as shares rally 1.9%.
Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 33; compared to its 52-week range of 25 to 49 as shares rally 1.3%.
Apple (AAPL) 30-day option implied volatility is at 23; compared to its 52-week range of 19 to 45 into Apple WWDC 2023 on June 5. Call put ratio 3.8 calls to 1 put.
Option IV into quarter results
Salesforce (CRM) June weekly call option implied volatility is at 123, June is at 60; compared to its 52-week range of 26 to 54 into the expected release of quarter results after the bell on May 31.
CrowdStrike (CRWD) June weekly call option implied volatility is at 145, June is at 75; compared to its 52-week range of 40 to 77 into the expected release of quarter results after the bell on May 31.
NetApp (NTAP) June weekly call option implied volatility is at 77, June is at 41; compared to its 52-week range of 23 to 73 into the expected release of quarter results after the bell on May 31. Call put ratio 1 call to 2.6 puts.
Chewy (CHWY) June weekly call option implied volatility is at 151, June is at 87; compared to its 52-week range of into 50 to 116 the expected release of quarter results after the bell on May 31.
Pure Storage (PSTG) June weekly call option implied volatility is at 74, June is at 51; compared to its 52-week range of 31 to 94 into the expected release of quarter results after the bell on May 31. Call put ratio 4 calls to 1 put as shares rally 2.7%.
Okta (OKTA) June weekly call option implied volatility is at 166, June is at 84; compared to its 52-week range of 44 to 94 into the expected release of quarter results after the bell on May 31.
Capri (CPRI) June call option implied volatility is at 79, July is at 55; compared to its 52-week range of 34 to 94 into the expected release of quarter results before the bell on May 31.
Advance Auto Parts (AAP) June weekly call option implied volatility is at 111, June is at 61; compared to its 52-week range of 25 to 48 into the expected release of quarter results before the bell on May 31.
C3.ai (AI) June weekly call option implied volatility is at 380, June is at 214; compared to its 52-week range of 54 to 181 into the expected release of quarter results after the bell on May 31.
Nordstrom (JWN) June weekly call option implied volatility is at `80, June is at 71; compared to its 52-week range of 45 to 94 into the expected release of quarter results after the bell on May 31.
Sarepta Therapeutics (SRPT) 30-day option implied volatility is at 74; compared to its 52-week range of 39 to 143 into PDUFA on June 22.
Movers
Activision Blizzard (ATVI) 30-day option implied volatility is at 25; compared to its 52-week range of 10 to 46. Call put ratio 3.9 calls to 1 put.
Icahn Enterprises L.P. (IEP) June weekly call option implied volatility is at 147, June is at 175; compared to its 52-week range of 7 to 158. Call put ratio 1 call to 3 puts.
Options with decreasing option implied volatility: GPS PDD BURL NVAX KSS ZM PATH AEO DKS BBY WSM PANW WDAY
Increasing unusual option volume: ETRN QRVO LXRX HPE TIGR IOVA ACHR
Increasing unusual call volume: QRVO ETRN HPE TIGR CSIQ SOXX IOVA SNPS CRSR RSP GFI
Increasing unusual put volume: MQ IOT GSAT CNC NTAP SAVE MULN
Active options: TSLA AMZN NVDA AMD MRVL AAPL MSFT
