Mid-session IV Report August 26, 2019 updated (PM MO PCG)

Mid-session IV Report August 26, 2019 updated (PM MO PCG)

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: MO PM

Popular stocks with increasing unusual volume: MO PM PCG
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Philip Morris International (PM) August weekly call option implied volatility is at 45, September is at 29; compared to its 52-week range of 18 to 37. Call put ratio 1.1 calls to 1 put with focus on September 86, 87 calls and 79 puts as shares sell off 4.9% after Wells Fargo say’s probability of a Philip Morris, Altria Group deal now higher.​
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Altria Group (MO) August weekly call option implied volatility is at 38, September is at 33; compared to its 52-week range of 17 to 39. Call put ratio 6.8 calls to 1 put with focus on August weekly 48 calls as shares rally 1.1% after Wells Fargo say’s probability of a Philip Morris, Altria Group deal now higher.​

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PG&E Corp. (PCG) August weekly call option implied volatility is at 114, September is at 127; compared to its 52-week range of 28 to 201. Call put ratio 1 call to 1.3 puts with focus on August weekly 11 puts. ​