Mid-session IV Report August 17, 2020

Mid-session IV Report August 17, 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: RXT KSS WMT A AAP TGT NVDA HD TRIL KALA UAL CCJ GRUB

Popular stocks with increasing unusual volume: GOLD SPCE RXT HD OXY X
Option volume and IV increases into quarter results

Home Depot (HD) August call option implied volatility is at 42, September is at 28; compared to its 52-week range 15 to 114 into the expected release of quarter results before the bell on August 18. Call put ratio 4.4 calls to 1 put.

Kohls (KSS) August call option implied volatility is at 135, September is at 83; compared to its 52-week range 29 to 159 into the expected release of quarter results before the bell on August 18. Call put ratio 1.9 calls to 1 put.

Advanced Auto Parts (AAP) August call option implied volatility is at 91, September is at 43; compared to its 52-week range 24 to 112 into the expected release of quarter results before the bell on August 18. Call put ratio 2 calls to 1 put.

Agilent Technologies (A) August call option implied volatility is at 58, September is at 30; compared to its 52-week range 19 to 96 into the expected release of quarter results after the bell on August 18. Call put ratio 1 call to 5 puts with focus on January 70 puts.

Walmart (WMT) August call option implied volatility is at 43, September is at 28; compared to its 52-week range 13 to 68 into the expected release of quarter results on August 18. Call put ratio 5.5 calls to 1 put.

Barrick Gold (GOLD) August option implied volatility is at 63, September is at 50; compared to its 52-week range of 25 to 103 after Warren Buffett’s Berkshire Hathaway (BRKB) disclosed a nearly 21M share stake. Call put ratio 8.2 calls to 1 put with focus on August 30 calls.

Market Vectors Gold Miners ETF (GDX) August call option implied volatility is at 46, September is at 45; compared to its 52-week range of 22 to 158 as gold trades $1980. Call put ratio 3.6 calls to 1 put.

SPDR Gold Trust (GLD) August weekly call option implied volatility is at 25, August is at 22; compared to its 52-week range of 9 to 44 as gold trades $1980. Call put ratio 2.9 calls to 1 put.

Market Vector Junior Gold Miners Etf (GDXJ) August call option implied volatility is at 53, September is at 55; compared to its 52-week range of 25 to 151 as gold trades $1937. Call put ratio 3.2 calls to 1 put.

Ishares Silver Trust (SLV) August option implied volatility is at 75, September is at 67; compared to its 52-week range of 14 to 94 as shares rally 3.4%. Call put ratio 2.5 calls to 1 put.

Rackspace Technology (RXT) August call option implied volatility is at 208, September is at 120; compared to its 2-week range of 81 to 145 after Reuters says Amazon (AMZN) in talks for minority stake. Call put ratio 7.5 calls to 1 put with focus on August 20 calls.

U.S. Steel (X) call put ratio 11 calls to 1 put with focus on August 8 calls

Increasing unusual option volume: RXT CLNY GRWG MARA DVY
Increasing unusual call option volume: RXT CLNY GRWG MARA DVY KNDI
Increasing unusual put option volume: FE GES AAP ITB GOOS FMCI
Options with decreasing option implied volatility: MCRB TLRY JMIA HPE NIO
Active options: TSLA AAPL NIO WMT BAC CSCO NVDA GOLD JD MSFT MU AAL AMD BA FB INTC WFC