Mid-session IV Report April 3, 2023

Mid-session IV Report April 3, 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: APLS TAL ASND KC LYFT NET EDR SQ WWE CPG ETSY ABNB PBR UBER QCOM SBUX BUD WEN

Popular stocks with increasing volume: BAC OXY XOM M INTC BABA AI MU

Energy option IV after OPEC+ announces production cut

ExxonMobil (XOM) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 47 into as shares rally 5.6% after OPEC+ announces oil production cut. Call put ratio 1.9 calls to 1 put.

Chevron (CVX) 30-day option implied volatility is at 26; compared to its 52-week range of 24 to 44 into as shares rally 4.7% after OPEC+ announces oil production cut. Call put ratio 1.9 calls to 1 put.

Occidental Petroleum (OXY) 30-day option implied volatility is at 34; compared to its 52-week range of 33 to 77 as WTI Crude oil trades $80 after OPEC+ announces oil production cut. Call put ratio 3.2 calls to 1 put as shares rally 5%.

Halliburton (HAL) 30-day option implied volatility is at 45; compared to its 52-week range of 37 to 63 as WTI Crude oil trades $80 after OPEC+ announces oil production cut. Call put ratio 2.2 calls to 1 put as shares rally 8.3%.

SLB (SLB) 30-day option implied volatility is at 41; compared to its 52-week range of 34 to 61after OPEC+ announces oil production cut. Call put ratio 1.3 calls to 1 put as shares rally 8.8%.

Devon Energy (DVN) 30-day option implied volatility is at 40; compared to its 52-week range of 35 to 70 as shares rally 6%.

ConocoPhillips (COP) 30-day option implied volatility is at 34; compared to its 52-week range of 32 to 56 as shares rally 9.3%. Call put ratio 1.9 calls to 1 put.

Pioneer Natural Resources (PXD) 30-day option implied volatility is at 30; compared to its 52-week range of 29 to 54 as shares rally 5.5%. Call put ratio 4.9 calls to 1 put with focus on April calls.

Valero Energy (VLO) 30-day option implied volatility is at 38; compared to its 52-week range of 34 to 61.

Marathon Oil (MRO) 30-day option implied volatility is at 43; compared to its 52-week range 37 to 71. Call put ratio 2.3 calls to 1 put as shares rally 9.9%.

Marathon Petroleum (MPC) 30-day option implied volatility is at 35; compared to its 52-week range of 31 to 53.

United States Oil Fund (USO) 30-day option implied volatility is at 38; compared to its 52-week range of 32 to 54 as shares rally 5.7% after OPEC+ announces oil production cut. Call put ratio 2.1 calls to 1 put.

Energy Select Sector SPDR ETF (XLE) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 49 as shares rally 5%.

SPDR S&P Oil & Gas Exploration & Production Etf (XOP) 30-day option implied volatility is at 37; compared to its 52-week range 34 to 62. Call put ratio 3.8 calls to 1 put shares rally 4.8%.

Market Vectors Oil Services Etf (OIH) 30-day option implied volatility is at 40; compared to its 52-week range 36 to 62. Call put ratio 1 call to 5.4 puts as shares rally 7.3%.

Option IV into Events

Walmart (WMT) 30-day option implied volatility at 18; compared to its 52-week range of 16 to 34 into company’s 2023 Investment Community Meeting on April 5, 2023. Call put ratio 1.4 calls to 1 put.

Walt Disney (DIS) 30-day option implied volatility at 29; compared to its 52-week range of 27 to 58 into annual shareholder meeting today.

Broadcom (AVGO) 30-day option implied volatility at 26; compared to its 52-week range of 25 to 48 into annual shareholder meeting today.

Waste Management (WM) 30-day option implied volatility at 19; compared to its 52-week range of 16 to 31 into investor day on April 5.

FedEx (FDX) 30-day option implied volatility at 28; compared to its 52-week range of 26 to 56 into investor meeting on April 5.

Apple (AAPL) 30-day option implied volatility is at 27; compared to its 52-week range of 23 to 45 into World Wide Developer Conference (WWDC) 2023 conference on June 5.

Option IV into quarter results

ConAgra (CAG) April weekly call option implied volatility is at 52, April is at 27; compared to its 52-week range of 18 to 31 into the expected release of quarter results before the bell on April 5. Call put ratio 2.5 calls to 1 put.

Options with decreasing option implied volatility: VKTX LULU OSH ZIM RH BXP STWD WBA DB SLG
Increasing unusual option volume: FRC PACW BZUN SLG WEN KC LW
Increasing unusual call volume: FRC PACW KC TUR DPST LW M WWE CANO EH ROST EOSE RGLD UBS GTE EVGO
Increasing unusual put option volume: WEN SLG ICLN EVGO OIH HLF
Active options: TSLA AAPL AMZN NVDA AMC AMD BAC GOOGL OXY XOM M INTC BABA MSFT META BBBY AI LAZR MU GOOG