Mid-session IV Report April 29, 2022

Mid-session IV Report April 29, 2022

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: STEM ZNGA CFVI

Popular stocks with increasing volume: SNAP XOM JD LCID BA

Option IV into end of month & FOMC meeting

Telsa (TSLA) April weekly call option implied volatility is at 114, May is at 68; compared to its 52-week range of 36 to 84. Call put ratio 1.5 calls to 1 put after Elon Musk sells $8.5B of shares.

SPDR S&P 500 ETF Trust (SPY) 30-day option implied volatility is at 26; compared to its 52-week range of 12 to 32. Call put ratio 1 call to 1.2 puts as shares sell off 1.7%.

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 34; compared to its 52-week range of 14 to 38 as shares sell off 2%. Call put ratio 1 call to 1.7 puts.

Russell 2000 ETF (RUT) 30-day option implied volatility is at 32; compared to its 52-week range of 18 to 38. Call put ratio 1 call to 2 puts as shares sell off 0.8%.

ARK Innovation ETF (ARKK) 30-day option implied volatility is at 69; compared to its 52-week range of 28 to 75. Call put ratio 1.2 calls to 1 put as shares rally 0.7%.

Tuttle Capital Short Innovation (SARK) 30-day option implied volatility is at 71; compared to its 52-week range of 40 to 75. Call put ratio 1.1 calls to 1 put as shares sell off 0.8%.

United States Oil Fund (USO) 30-day option implied volatility is at 47; compared to its 52-week range of 28 to 81. Call put ratio 3 calls to 1 put as shares rally 1.9%.

Option IV into quarter results

Chegg (CHGG) May call option implied volatility is at 100, June is at 79; compared to its 52-week range of 33 to 125 into the expected release of quarter results after the bell on May 2.

Clorox (CLX) May weekly call option implied volatility is at 64, May is at 41; compared to its 52-week range of 19 to 38 into the expected release of quarter results after the bell on May 2. Call put ratio 1 call to 1 put as shares sell off 2.5%.

MGM Resorts (MGM) May weekly call option implied volatility is at 68, May is at 55; compared to its 52-week range of 35 to 59 into the expected release of quarter results after the bell on May 2. Call put ratio 2.8 calls to 1 put.

Spirit Airlines (SAVE) May call option implied volatility is at 58, June is at 49; compared to its 52-week range of 44 to 109 into the expected release of quarter results on May 2. Call put ratio 4.9 calls to 1 put.

onsemi (ON) May weekly call option implied volatility is at 94, May is at 72; compared to its 52-week range of 33 to 69 into the expected release of quarter results after the bell on May 2. Call put ratio 2 calls to 1 put as shares sell off 0.9%.

Options with decreasing option implied volatility: SST BRCC TWTR LC ROKU FB PINS SPOT SKX INTC
Increasing unusual option volume: NCR SEV AVTR GT
Increasing unusual call option volume: NCR SEV BLND GT PLNT
Increasing unusual put option volume: ATER NOV CMRE NAT CNC BHC
Active options: AAPL TSLA FB BABA AMZN INTC HOOD NVDA AMD NIO F TWTR ROKU NFLX SNAP MSFT XOM JD LCID BA