Mid-session IV Report August 31, 2020

Mid-session IV Report August 31, 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: NIO CLDR RTX NKE LMT WMT COST PEP GME VRNT WKHS CLDR UA CRON DISH

Popular stocks with increasing unusual volume: NIO WMT WKHS M T ZM SNAP AAL

Apple (AAPL) September weekly option implied volatility is at 55, September is at 51; compared to its 52-week range of 18 to 90 after 4 for 1 stock split. Call put ratio 4 calls to 1 put with focus on September weekly 130 calls as shares at record high.

Tesla (TSLA) 30-day option implied volatility is at 93, September is at 95; compared to its 52-week range of 34 to 154 after 5 for 1 stock split. Call put ratio 2 calls to 1 put. Tesla will host a Battery Day event after its annual meeting on September 22. Market cap is above $455B as shares rally 8%.

NIO Inc. (NIO) September weekly call option implied volatility is at 122, September is at 120; compared to its 52-week range of 77 to 221 after 101.7M share Secondary priced at $17.

Beyond Meat (BYND) September weekly call option implied volatility is at 70, September is at 65; compared to its 52-week range of 47 to 130 upgraded to Neutral from Sell at Citi. Call put ratio 4.6 calls to 1 put with focus on September weekly 135, 136 and 137 calls.

BigCommerce (BIGC) September call option implied volatility is at 155, October is at 151; compared to its 52-week range of 98 to 199 as shares sell off 16%.

Wix (WIX) September call option implied volatility is at 55, October is at 54; compared to its 52-week range of 28 to 105 as shares rally 1.9%. Call put ratio 4.7 calls to 1 put.

Peloton (PTON) September weekly call option implied volatility is at 77, September is at 98; compared to its 52-week range of 58 to 158 into the expected release of quarter results on September 9. Call put ratio 1.7 calls to 1 put with focus on September weekly 77 and 77.5 calls.

Shopify (SHOP) September call option implied volatility at 55, September is at 54; compared to its 52-week range of 40 to 124 as shares near 52-week high. Call put ratio 1.1 calls to 1 put.

DraftKings (DKNG) September weekly call option implied volatility is at 87, September is at 86; compared to its 52-week range of 54 to 142. Call put ratio 3.1 calls to 1 put with focus on October 45 calls.

Fluidigm (FLDM) September call option implied volatility is at 164, October is at 161; compared to its 52-week range of 61 to 396 as shares sell off 6.8%. Call put ratio 7 calls to 1 put with focus on September 10 and 12.50 calls.

IV bid into quarter results and outlook

Rackspace Technology (RXT) September call option implied volatility is at 115, October is at 109; compared to its 5-week range of 81 to 146 into the expected release of quarter results today after the bell. Call put ratio 15 calls to 1 put with focus on September 20, 22.50 and 25 calls.

Zoom Video (ZM) September weekly call option implied volatility is at 137, September is at 86; compared to its 52-week range of 36 to 137 into the expected release of quarter results today after the bell. Call put ratio 2.4 calls to 1 put with focus on September weekly 310 calls.

At Home Group (HOME) September call option implied volatility is at 134, October is at 112; compared to its 52-week range of 59 to 280 into the expected release of quarter results after the bell on September 1. Call put ratio 15 calls to 1 put with focus on September 19, 20 and 21 calls.

Block H&R (HRB) September call option implied volatility is at 65, October is at 57; compared to its 52-week range of 19 to 110 into the expected release of quarter results after the bell on September 1. Call put ratio 1.1 calls to 1 put.

Increasing unusual option volume: AIMT ACM FIZZ GEL FXC GRWG GNW UIS
Increasing unusual call option volume: AIMT ACM GEL VNO GNW PEIX ALXN
Increasing unusual put option volume: EVRI EAT GNW TPX RXT DDOG
Options with decreasing option implied volatility: FLR CRON ANF DG
Active options: AAPL TSLA AMD NIO INTC MSFT WMT WKHS BAC AMZN M T FB BA ZM SPCE GE SNAP RTX CCL