Mid-session IV Report December 26, 2018

Mid-session IV Report December 26, 2018

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 overlooked information.

Options with increasing option implied volatility: SLV CTL F T FOXA ROKU

Options with increasing volume: BK SQ HBI

How are you positioned into end of year tax selling. Are we near a bottom in share prices? Are we near a top in option implied volatility?

Option implied volatility had a panic spike this morning….are we near top?

Bank stock option implied volatility elevated as share at low end of range

Bank of America (BAC) December weekly call option implied volatility is at 53, January is at 48; compared to its 52-week range of 16 to 42. Call put ratio 15 calls to 1 put with focus on December 23.50 calls.

Citigroup (C) December weekly call option implied volatility is at 65, January is at 55; compared to its 52-week range of 16 to 56. Call put ratio 2.5 calls to 1 put with focus on December 49.50 calls.

Goldman Sachs (GS) December weekly call option implied volatility is at 67, January is at 53; compared to its 52-week range of 15 to 50. Call put ratio 1 call to 1 put with focus on December 155 calls and 152.50 puts.

Morgan Stanley (MS) December weekly call option implied volatility is at 60, January is at 52; compared to its 52-week range of 18 to 49. Call put ratio 1 call to 1 put with focus on January 35 calls and December weekly 37.50 puts.

JPMorgan (JPM) December weekly call option implied volatility is at 47, January is at 41; compared to its 52-week range of 15 to 41. Call put ratio 1 call to 1 put with focus on December weekly 94 calls and January 90 puts.

Roku (ROKU) December weekly call option implied volatility is at 122, January is at 90; compared to its 52-week range of 45 to 123 after Needham says Roku ‘top pick’ for 2019.

Facebook (FB) call put ratio 1.5 calls to 1 put with focus on December weekly 129 and 130 calls after was mentioned positively by short-seller Citron Research. The stock was given a $160 price target. The report noted Facebook is trading at a discount to the S&P and is at its lowest multiple ever.

Johnson & Johnson (JNJ) December weekly call option implied volatility is at 41, January is at 32; compared to its 52-week range of 11 to 32. Call put ratio 1.6 calls to 1 put.

United States Oil Fund (USO) December weekly call option implied volatility is at 63, January is at 55; compared to its 52-week range of 17 to 62 as WTI crude oil trades near a 17-month low.

Increasing unusual option volume: WBT DAN HDS AXTA CBRE IMMR HST SNA
Increasing unusual call option volume: WBT HST DAN HPR NG CZR
Increasing unusual put option volume: AXTA HDS HBI SNA JNK DROP LRCX CLR
Options with decreasing option implied volatility: TLT ADSK VXX SMH V IEF JD
Popular stocks with increasing volume: AMRN JD
Active options: BAC AAPL FB AMD GE MSFT AMZN T NVDA NFLX MU BABA TSLA C F AXTA AMRN SQ JD TWTR