Mid-session IV Report April 12, 2021

Mid-session IV Report April 12, 2021

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By monitoring this market data, traders can create strategies that capitalize on this often over looked information.

Options with increasing option implied volatility: JMIA SIG IQ GIX FTOC PSAC EKSO SRNE FOSL

Popular stocks with increasing volume: PLTR AMC GME DKNG VIAC

Market Vectors Semiconductor ETF (SMH) April call option implied volatility is at 30, May is at 29; compared to its 52-week range of 27 to 53 into The White House chip shortage meeting. Call put ratio 1 call to 1 put.

NVIDIA (NVDA) April call option implied volatility is at 43, May is at 33; compared to its 52-week range of 33 to 69 into company hosted investor day.

XPeng Inc. (XPEV) 30-day option implied volatility is at 79; compared to its 52-week range of 65 to 182 into premiering its third production model, the XPeng P5 smart sedan, on April 14. Call put ratio 3.7 calls to 1 put with focus on April 38 calls.

Apple (AAPL) April and May call option implied volatility is at 29; compared to its 52-week range of 25 to 62. Call put ratio 3 calls to 1 put into expected release of quarter results on April 28.

Auto retailer IV flat to low as shares near record high

Carvana Co. (CVNA) 30-day option implied volatility is at 64; compared to its 52-week range of 58 to 138. Call put ratio 1 call to 3.3 puts as shares sell off 4.2%.

CarMax (KMX) 30-day option implied volatility is at 30; compared to its 52-week range of 30 to 85.

Group 1 Automotive (GPI) 30-day option implied volatility is at 50; compared to its 52-week range of 46 to 96.

AutoNation (AN) 30-day option implied volatility is at 39; compared to its 52-week range of 36 to 87.

Lithia Motors (LAD) 30-day option implied volatility is at 54; compared to its 52-week range of 46 to 79.

Penske Automotive Group (PAG) 30-day option implied volatility is at 36; compared to its 52-week range of 35 to 88.

Option IV into quarter results next week

Fastenal (FAST) April call option implied volatility is at 50, May is at 27; compared to its 52-week range of 25 to 58 into the expected release of quarter results before the bell on April 13.

Schwab (SCHW) April call option implied volatility is at 36, May is at 29; compared to its 52-week range of 31 to 73 into the expected release of quarter results on April 13. Call put ratio 2.8 calls to 1 put with focus on April 68 calls.

Goldman Sachs (GS) April call option implied volatility is at 42, May is at 28; compared to its 52-week range of 27 to 58 into the expected release of quarter results before the bell on April 14. Call put ratio 3.6 calls to 1 put with focus on April 335 calls.

JPMorgan (JPM) April call option implied volatility is at 317, May is at 26; compared to its 52-week range of 27 to 61 into the expected release of quarter results before the bell on April 14. Call put ratio 2.4 calls to 1 put with focus on April 160 calls.

Wells Fargo (WFC) April call option implied volatility is at 48, May is at 33; compared to its 52-week range of 35 to 74 into the expected release of quarter results before the bell on April 14. Call put ratio 1.4 calls to 1 put with focus on April 40 and 40.50 calls.

Bed Bath & Beyond (BBBY) April call option implied volatility is at 163, May is at 81; compared to its 52-week range of 65 to 303 into the expected release of quarter results before the bell on April 14. Call put ratio 1.1 calls to 1 put.

Bank of America (BAC) April call option implied volatility is at 38, May is at 30; compared to its 52-week range of 29 to 67 into the expected release of quarter results before the bell on April 15. Call put ratio 3.1 calls to 1 put with focus on April 40 and 40.50 calls.

Citigroup (C) April call option implied volatility is at 46, May is at 31; compared to its 52-week range of 33 to 78 into the expected release of quarter results before the bell on April 15. Call put ratio 1.9 calls to 1 put.

Increasing unusual option volume: NUAN ATNF STNE HLT
Increasing unusual call option volume: NUAN HLT YELP LYV BCS TME
Increasing unusual put option volume: STNE VIPS CAN BEKE
Options with decreasing option implied: HL NLY VTRS UA JKS
Active options: AAPL BABA TSLA PLTR UBER NIO MSFT AMC AMZN GME AMD NUAN RIOT DKNG SOS MARA SNDL VIAC BA FUBO