Mid-session IV Report July 16, 2018

Mid-session IV Report July 16, 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: ARNC ESRX MRO CSX AXTA WLL DB F TSLA MRK TSLA BP COP CLF PPG SWK SBGI TRCO

Popular stocks with increasing unusual option volume: T IQ MS MRK SBGI TRCO

Sinclair Broadcast Group (SBGI) July call option implied volatility is at 55, August is at 42; compared to its 52-week range of 33 to 55 after FCC Chairman Ajit Pai says has ‘serious concerns’ about Sinclair, Tribune deal. Call put ratio 1 call to 2.15 puts as shares sell off 4%.

Tribune Media (TRCO) July call option implied volatility is at 100, August is at 81; compared to its 52-week range of 15 to 43 after FCC Chairman statement. Call put ratio 2.4 calls to 1 put as shares sell off 15.6%.

CSX (CSX) July call option implied volatility is at 53, August is at 28; compared to its 52-week range of into the expected release of 20 to 39 EPS after the close on July 17.

Goldman Sachs (GS) July call option implied volatility is at 29, August is at 21; compared to its 52-week range of 17 to 34 into the expected release of EPS before the market open on July 17.

T-Mobile (TMUS) July call option implied volatility is at 25, August is at 28; compared to its 52-week range of 19 to 37 into the expected release of EPS after the close on July 17. Call put ratio 2.95 calls to 1 put.

United Continental (UAL) July call option implied volatility is at 55, August is at 32; compared to its 52-week range of 25 to 42 into the expected release of EPS after the close on July 17. Call put ratio 1 call to 2.2 puts with focus on July 71 and August 70 puts

Johnson & Johnson (JNJ) July call option implied volatility is at 28, August is at 18; compared to its 52-week range of 11 to 28 into the expected release of Q2 results on July 17. Johnson & Johnson (JNJ) call put ratio 1.7 calls to 1 put with focus on July 127 calls into EPS.

UnitedHealth (UNH) July call option implied volatility is at 35, August is at 20: compared to its 52-week range of 13 to 33 into the expected release of Q2 results on July 17.

Kinder Morgan (KMI) July call option implied volatility is at 38, August is at 22: compared to its 52-week range of 17 to 34 into the expected release of EPS results on July 17. Kinder Morgan (KMI) July 18, 18.50 calls and July 17 puts active into EPS.

Abbot Laboratories (ABT) July call option implied volatility is at 35, August is at 20; compared to its 52-week range of 14 to 28 into the expected release of EPS before the market open on July 18. Call put ratio 3.3 calls to 1 put with focus on August 62.50 calls.

Alcoa (AA) July call option implied volatility is at 65, August is at 41; compared to its 52-week range of 30 to 47 into the expected release of EPS after the close on July 18. Call put ratio 11 calls to 1 put with focus on August 50 calls.

American Express (AXP) July call option implied volatility is at 40, August is at 23; compared to its 52-week range of 12 to 36 into the expected release of EPS after the close on July 18.

Canadian Pacific (CP) July call option implied volatility is at 34, August is at 23; compared to its 52-week range of 16 to 30 into the expected release of EPS before the market open on July 18. Call put ratio 5.2 calls to 1 put into EPS.

EBay (EBAY) July call option implied volatility is at 67, August is at 31; compared to its 52-week range of 17 to 39 into the expected release of EPS after the close on July 18.

International Business Machines (IBM) July call option implied volatility is at 51, August is at 22; compared to its 52-week range of 12 to 32 into the expected release of EPS after the close on July 18. Call put ratio 1.9 calls to 1 put.

Morgan Stanley (MS) July call option implied volatility is at 36, August is at 25; compared to its 52-week range of 19 to 35 into the expected release of EPS before the market open on July 18. Call put ratio 11 calls to 1 put with focus on July 49.50 and August 50 calls

Noodles (NDLS) July call option implied volatility is at 173, August is at 87; compared to its 52-week range of 43 to 150 into the expected release of EPS after the close on July 18.

Northern Trust (NTRS) July call option implied volatility is at 39, August is at 24; compared to its 52-week range of 17 to 35 into the expected release of EPS before the market open on July 18.

Textron (TXT) July call option implied volatility is at 54, August is at 33; compared to its 52-week range of 19 to 37 into the expected release of EPS before the market open on July 18.

U.S. Bancorp (USB) July call option implied volatility is at 25, August is at 20; compared to its 52-week range of 14 to 26 into the expected release of EPS before the market open on July 18. Call put ratio 2.2 calls to 1 put with focus on August 50 and 52.50 calls.

United Rentals (URI) July call option implied volatility is at 67, August is at 39; compared to its 52-week range of 26 to 46 into the expected release of EPS after the close on July 18.

Crispr (CRSP) July call option implied volatility is at 98, August is at 71; compared to its 52-week range of 51 to 99 after STAT highlights studies on DNA damage. July 60 puts are active as shares sell off 6%.

Editas (EDIT) July call option implied volatility is at 55, August is at 70; compared to its 52-week range of 54 to 89 as shares sell off 5% after STAT highlights studies on DNA damage.

Intellia (NTLA) July call option implied volatility is at 84, August is at 71; compared to its 52-week range of 60 to 101 after shares sell off 6% STAT highlights studies on DNA damage. July 30 calls are active.

Increasing unusual call option volume: T IQ MS JBHT RES INNT BPY SOHU GLUU TRCO SBGI

Increasing unusual put option volume: OMC GLUU JEF HBI TSRO SWK ADS WRD BPY

Options with decreasing option implied volatility: INFY CA FOX FAST AKRX FOXA QCOM BLK P PCG OPK DIS

Active options: BAC FB AAPL NFLX MSFT MU AMZN AMD TSLA JPM C IQ GE BABA FOXA T CHK MS CSCO