Mid-session IV Report April 12, 2023

Mid-session IV Report April 12, 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: PBR WW TGTX TTD RETA SONO TEVA COTY PBR EA

Popular stocks with increasing volume: BAC COIN BABA NKLA UBS F NIO MU

Movers

Microsoft (MSFT) 30-day option implied volatility is at 30; compared to its 52-week range of 22 to 45 as shares near one-year high.

McDonald’s (MCD) 30-day option implied volatility is at 19; compared to its 52-week range of 16 to 29 as shares trend higher.

Cirrus Logic, Inc. (CRUS) 30-day option implied volatility is at 44; compared to its 52-week range of 29 to 104 as shares sell off 10.8%.

Warner Bros. Discovery (WBD) 30-day option implied volatility is at 59; compared to its 52-week range of 48 to 113 into Warner Bros. Discovery hosting streaming product press event. Call put ratio 2.9 calls to 1 put.

Activision Blizzard (ATVI) 30-day option implied volatility is at 35; compared to its 52-week range of 9 to 46 into The U.K. Competition and Markets Authority, or CMA, is due to issue its final report by 26 April 2023.

Option IV into quarter results

Fastenal (FAST) April call option implied volatility is at 39, May is at 30; compared to its 52-week range of 21 to 72 into the expected release of quarter results before the bell on April 13. Call put ratio 10 calls to 1 put.

Delta (DAL) April weekly call option implied volatility is at 79, April is at 49; compared to its 52-week range of 29 to 65 into the expected release of quarter results before the bell on April 13.

American Airlines (AAL) 30-day option implied volatility is at 48; compared to its 52-week range of 37 to 81 after guidance.

United Airlines (UAL) 30-day option implied volatility is at 47; compared to its 52-week range of 35 to 75. Call put ratio 2.8 calls to 1 put.

Southwest Airlines (LUV) 30-day option implied volatility is at 37; compared to its 52-week range of 28 to 52.

United Health Group (UNH) April weekly call option implied volatility is at 41, April is at 26; compared to its 52-week range of 24 to 34 into the expected release of quarter results before the bell on April 14.

J P Morgan (JPM) April weekly call option implied volatility is at 54, April is at 33; compared to its 52-week range of 20 to 44 into the expected release of quarter results before the bell on April 14.

Wells Fargo (WFC) April weekly call option implied volatility is at 69, April is at 43; compared to its 52-week range of 22 to 51 into the expected release of quarter results before the bell on April 14.

BlackRock (BLK) April weekly call option implied volatility is at 54, April is at 35; compared to its 52-week range of 25 to 47 into the expected release of quarter results before the bell on April 14.

Citigroup (C) April weekly call option implied volatility is at 60, April is at 38; compared to its 52-week range of 23 to 51 into the expected release of quarter results before the bell on April 14.

PNC Financial (PNC) April weekly call option implied volatility is at 79, April is at 52; compared to its 52-week range of 22 to 55 into the expected release of quarter results before the bell0on April 14.

IV Movers

Brookfield Infrastructure Partners (BIP) 30-day option implied volatility is at 24; compared to its 52-week range of 15 to 77 after acquiring Triton (TRTN) in $13.3B deal.

Triton International Limited (TRTN) 30-day option implied volatility is at 8; compared to its 52-week range of 21 to 89 after Brookfield Infrastructure Partners (BIP) to acquire Triton in $13.3B deal.

National Instruments (NATI) 30-day option implied volatility is at 10; compared to its 52-week range of 20 to 90 after Emerson Electric (EMR) acquiring for $60 per share in cash.

Planet Fitness (PLNT) 30-day option implied volatility is at 38; compared to its 52-week range of 29 to 91. Call put ratio 1 call to 390 puts with focus on April puts as shares sell off 2.8%.

Sysco Corp. (SYY) 30-day option implied volatility is at 24; compared to its 52-week range of 18 to 39. Call put ratio 1 call to 9.3 calls as shares sell off 2.4%.

Axon (AXON) 30-day option implied volatility is at 42; compared to its 52-week range of 34 to 111.

Options with decreasing option implied volatility: WISH KMX DWAC ACI NATI STZ CAG NATI TRRN
Increasing unusual option volume: FRC WAL PLNT UBS WW CRUS
Increasing unusual call volume: FRC UBS THC PACW XP BRZU WW IONQ
Increasing unusual put option volume: FRC ZION UBS BUD KMX CPRI IEP
Active options: TSLA AMC AMZN AAPL NVDA MSFT BAC COIN MARA RIOT AMD GOOGL BABA NKLA META GOOG UBS F NIO MU