Mid-session IV Report August 10, 2020

Mid-session IV Report August 10, 2020

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: SLV TDOC FENC KODK UBX AEO AAL CCL

Popular stocks with increasing unusual volume: YELP MGI PINS CCL MGM RIG

Gaming stocks active after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM)

MGM Resorts (MGM) August weekly call option implied volatility is at 98, August is at 84; compared to its 52-week range of 22 to 337 after IAC/InterActiveCorp (IAC) takes 12% stake in company. Call put ratio 3 calls to 1 put.

DraftKings (DKNG) August weekly call option implied volatility is at 114, August is at 105; compared to its 52-week range of 54 to 142 into the expected release of quarter results after the bell on August 14. Call put ratio 2.9 calls to 1 put after IAC/InterActiveCorp (IAC) takes 12% stake in company. Call put ratio 3 calls to 1 put.

Wynn Resorts Ltd (WYNN) 30-day option implied volatility is at 65; compared to its 52-week range of 31 to 216 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM).

Las Vegas Sands (LVS) 30-day option implied volatility is at 51; compared to its 52-week range 22 to 179 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM). Call put ratio 4.7 calls to 1 put.

Caesars Entertainment (CZR) 30-day option implied volatility is at 81; compared to its 52-week range 30 to 423 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM). Call put ratio 3.9 calls to 1 put.

Melco Resorts (MLCO) 30-day option implied volatility is at 59; compared to its 52-week range of 32 to 158 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM). Call put ratio 3.5 calls to 1 put.

Penn National Gaming (PENN) 30-day option implied volatility is at 91; compared to its 52-week range of 29 to 435 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM).

Roundhill Sports Betting & iGaming ETF (BETZ) 30-day option implied volatility is at 45; compared to its 52-week range of 83 to 110 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM). Call put ratio 8 calls to 1 put

Boyd Gaming (BYD) 30-day option implied volatility is at 62; compared to its 52-week range of 25 to 261 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM).

Century Casinos (CNTY) 30-day option implied volatility is at 94; compared to its 52-week range of 32 to 282 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM). Call put ratio 162 calls to 1 put.

Monarch Casino & Resort (MCRI) 30-day option implied volatility is at 53; compared to its 52-week range of 22 to 194 after IAC/InterActiveCorp (IAC) takes 12% stake in MGM Resorts (MGM).

Red Rock Resorts (RRR) 30-day option implied volatility is at 83; compared to its 52-week range of 31 to 378. Call put ratio 1 call to 3.3 puts.

Golden Entertainment (GDEN) 30-day option implied volatility is at 80; compared to its 52-week range of 36 to 267. Call put ratio 25 calls to 1 put.

IV into quarter results

Novavax (NVAX) August weekly call option implied volatility is at 127, August is at 116; compared to its 52-week range of 85 to 317 into the expected release of quarter results today after the bell. Call put ratio 2.3 calls to 1 put.

Occidental Petroleum (OXY) August weekly call option implied volatility is at 82, August is at 79; compared to its 52-week range of 25 to 201 into the expected release of quarter results today after the bell. Call put ratio 6 calls to 1 put with focus on August 17 calls.

Simon Property Group (SPG) August call option implied volatility is at 76, September is at 66; compared to its 52-week range of 17 to 153 into the expected release of quarter results today after the bell. Call put ratio 4.4 calls to 1 put with focus on August 65 and 70 calls.

Tilray (TLRY) August weekly call option implied volatility is at 187, August is at 151; compared to its 52-week range of 68 to 267 into the expected release of quarter results today after the bell. Call put ratio calls 10 calls to 1 put with focus on August weekly (14) 8 and 8.5 calls.

Canada Goose (GOOS) August weekly call option implied volatility is at 130, August is at 90; compared to its 52-week range of 38 to 120 into the expected release of quarter results on August 11.

Casper Sleep (CSPR) August weekly call option implied volatility is at 160, September is at 122; compared to its 52-week range of 75 to 152 into the expected release of quarter results before the bell on August 11. Call put ratio 23 calls to 1 put with focus on August and September 10 calls

Sysco (SYY) August weekly call option implied volatility is at 69, August is at 53; compared to its 52-week range of 13 to 157 into the expected release of quarter results before the bell on August 11.

McDonalds (MCD) 30-day option implied volatility is at 23; compared to its 52-week range of 12 to 98 after firing Steve Easterbrook as CEO in November 2019, McDonald’s took it a step further Monday by suing Mr. Easterbrook to clawback his severance pay on allegations he lied about physical sexual relationships with several McDonalds employees.

Increasing unusual option volume: YELP PINS MGI MCRB PBI TRVN
Increasing unusual call option volume: MCRB MTG FEZ OMER MT
Increasing unusual put option volume: MCRB RIG EXC ITCI FTCH MLCO JMIA
Options with decreasing option implied volatility: ITCI PSTI NVAX CHGG SPCE
Active options: AAPL AAL FB BAC AMD MSFT RIG KODK BA JPM TSLA NIO MGM TWTR NKLA CCL BABA GE INTC WFC