Mid-session IV Report January 23, 2019

Mid-session IV Report January 23, 2019

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: LK SPCE STMP PBYI FLR ROKU OLED HLF KHC WMT

Popular stocks with increasing unusual volume: WYNN RIG LK BYND NIO EXPE

Luckin Coffee Inc. (LK) January weekly call option implied volatility is at 127, February is at 161; compared to its 52-week range of 53 to 140 on $4 wide intra-day share price movement.

Virgin Galactic Holdings (SPCE) February call option implied volatility is at 126, March is at 111; compared to its 26-week range of 39 to 127 as Richard Branson’s spaceship company has wide share price movements. Call put ratio 6.5 calls to 1 put with focus on February calls.

Intel (INTC) January weekly call option implied volatility is at 105, February is at 22; compared to its 52-week range of 20 to 36 into the expected release of quarter results today after the bell.

Intuitive Surgical (ISRG) January weekly call option implied volatility is at 61, February is at 24; compared to its 52-week range of 23 to 36 into the expected release of quarter results today after the bell. Call put ratio 2.2 calls to 1 put.

Skyworks (SWKS) January weekly call option implied volatility is at 125, February is at 41; compared to its 52-week range of 26 to 50 into the expected release of quarter results today after the bell. Call put 1.9 calls to 1 put with focus on January weekly calls.

American Express (AXP) January weekly call option implied volatility is at 58, February is at 22; compared to its 52-week range of 14 to 28 into the expected release of quarter results on January 24. Call put ratio 1.1 calls to 1 put with focus on January weekly 131 calls.

NextEra Energy (NEE) February call option implied volatility is at 16, March is at 17; compared to its 52-week range of 12 to 20 into the expected release of quarter results on January 24. Call put ratio 3.6 calls to 1 put.

Novavax (NVAX) February call option implied volatility is at 172, March is at 184; compared to its 52-week range of 34 to 133 as China issues new travel advisor on coronavirus into China New Year. Call put ratio 5 calls to 1 put with focus on February 7 calls.

Lakeland Industries (LAKE) February call option implied volatility is at 136, March is at 84; compared to its 52-week range of 34 to 133 as China issues new travel advisor on coronavirus into China New Year. Call put ratio 11 calls to 1 put with focus on February 15 calls.

Alpha Pro Tech Ltd. (APT) February call option implied volatility is at 134, March is at 99; compared to its 52-week range of 40 to 149 as China issues new travel advisor on coronavirus into China New Year. Call put ratio 37 calls to 1 put with focus on February and March 5 calls.

Alibaba (BABA) 30-day call option implied volatility is at 31; compared to its 52-week range of 22 to 43 as China issues new travel advisor on coronavirus into China New Year.

Expedia (EXPE) call put ratio 8 calls to 1 put with focus on January weekly 113 calls
Acorda Therapeutics (ACOR) call put ratio 5 calls to 1 put with focus on February and March 3 calls.

Semiconductor IV at low end of range as share prices trend higher

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 22; compared to its 52-week range of 20 to 33. Call put ratio 1 call to 2.7 puts with focus on January weekly 147 puts after Morgan Stanley upgrades MU & WDC.

Micron (MU) 30-day option implied volatility is at 37; compared to its 52-week range of 31 to 60 after Morgan Stanley upgrade. Call put ratio 2.5 calls to 1 put with focus on January weekly 60 calls.

Western Digital (WDC) 30-day option implied volatility is at 50; compared to its 52-week range of 32 to 63 after Morgan Stanley upgrade. Call put ratio 2.4 calls to 1 put.

Qualcomm (QCOM) 30-day option implied volatility is at 35; compared to its 52-week range of 24 to 43. Call put ratio 2.5 calls to 1 put with focus on March calls.

Microchip (MCHP) 30-day option implied volatility is at 34; compared to its 52-week range of 25 to 47.

Epizyme (EPZM) February call option implied volatility is at 102, March is at 88; compared to its 52-week range of 52 to 111 after FDA PDUFA Date for Epizyme’s Tazemetostat.

Increasing unusual option volume: CMC APT INO DDD CHAU MLCO EL TER HLT EXPE ACOR
Increasing unusual call option volume: APT CMC INO DDD ELAN TER CHAU MLCO HLT
Increasing unusual put option volume: EL CARS HBAN KWEB SLM HLT ASHR EDU MLCO RCL PD PLAY
Options with decreasing option implied volatility: MNK TGTX AAL TLRY STM TXN CSX FAST
Active options: TSLA AAPL NIO BA BABA AMD BYND FCX NFLX GE BAC SPCE DIS INTC WYNN MU LK RIG MSFT AMZN