Mid-session IV Report January 3, 2019

Mid-session IV Report January 3, 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 overlooked information.

Options with increasing option implied volatility: BMY AAL SWKS HLF SBUX HPQ DAL INTC UAL

Options with increasing volume: CRUS UBS AAL GILD BMY CELG NUAN

Option implied volatility increases after Apple (AAPL) lowers revenue guidance

Apple (AAPL) January weekly call option implied volatility is at 59, January is at 41; compared to its 52-week range of 16 to 46. Call put ratio 1.1 calls to 1 put as shares sell off 9%.

Berkshire Hathaway Inc. Class B (BRK.B) January weekly call option implied volatility is at 35, January is at 28, February is at 25; compared to its 52-week range of 13 to 35 after Apple (AAPL) lowers guidance. Call put ratio 1.4 calls to 1 put. Berkshire Hathaway Inc. Class B (BRK.B) is a large shareholder of Apple.

PowerShares QQQ Trust (QQQ) January weekly call option implied volatility is at is at 33, January is at 31; compared to its 52-week range of 11 to 31. Call put ratio 1 call to 1.7 puts.

S&P Dep Receipts (SPY) January weekly call option implied volatility is at 27, January is at 25; compared to its 52-week range of 7 to 34. Call put ratio 1 call to 1.85 puts.

Ishares Russell 2000 Etf (IWM) January weekly call option implied volatility is at 30, January is at 29; compared to its 52-week range of 11 to 34. Call put ratio 1 call to 2.2 puts.

Qualcomm (QCOM) January weekly call option implied volatility is at 34, January is at 36; compared to its 52-week range of 18 to 53 after Apple (AAPL) guides lower. Call put ratio 1.1 calls to 1 put. Qualcomm (QCOM) is a customer of Apple and has recently been litigating issues with Apple.

Celgene (CELG) January call option implied volatility is at 24, February is at 20; compared to its 52-week range of 22 to 57 after Bristol-Myers (BMY) to acquires for equity value of approx. $74B. Call put ratio 1 call to 1.9 puts.

Commercial Metals (CMC) January call option implied volatility is at 56, February is at 34; compared to its 52-week range of 28 to 61 into the expected release of EPS before the open on January 7.

Delta (DAL) January call option implied volatility is at 57, February is at 47; compared to its 52-week range of 20 to 46 into the expected release of EPS before the open on January 9 as shares at 15-month low.

American Airlines (AAL) January weekly call option implied volatility is at 69, January is at 65, February is at 59; compared to its 52-week range of 28 to 65 as shares at 30-month low.

Bed Bath & Beyond (BBBY) January call option implied volatility is at 90, February is at 73; compared to its 52-week range of 31 to 98 into the expected release of EPS after the market close on January 9. Call put ratio 1 call to 5.8 puts with focus on January 12 puts.

Increasing unusual option volume: GILD AAL AEG BMY BMRN CELG AOS CRUS YNDX
Increasing unusual call option volume: XME BMY DNKN NLY ADTN YNDX
Increasing unusual put option volume: BMRN BMY IRDM CELG CRUS AOS NUAN
Options with decreasing option implied volatility: CELG CS F
Popular stocks with increasing volume: AAL GILD CRUS BMY GLD ARNC
Active options: AAPL AMD CELG FB BMY BABA NFLX AMZN NVDA GE MSFT BAC MU TSLA SQ INTC AAL GILD C TWTR