Mid-Session IV Report July 2, 2018

Mid-session IV Report July 1, 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: VMW FXE VKTX LVS RL MLCO WYNN MLCO WMT CZR MDXG

Popular stocks with increasing unusual option volume:  WYNN MGM LVS MLCO AMD DVMT VMW

Wynn Resorts Ltd (WYNN) option implied volatility increases as shares sell off on Macau gaming revenues

Wynn Resorts Ltd (WYNN) July weekly call option implied volatility is at 42, July is at 37; compared to its 52-week range of 22 to 49 after Macau’s gaming bureau reported gross revenue from games of fortune in the region rose 12.5% year over year during last month. Call put ratio 1.4 calls to 1 put as shares sell off 9%.

Las Vegas Sands (LVS) July weekly call option implied volatility is at 36, July is at 29; compared to its 52-week range of 19 to 37. Call put ratio 1.4 calls to 1 put as shares sell off 7%.

MGM Resorts (MGM) July weekly call option implied volatility is at 35, July is at 34; compared to its 52-week range of 21 to 49 as shares sell off 3%. Call put ratio 2.2 calls to 1 put as shares sell off 3%.

Melco Resorts & Entertainment Limited (MLCO) July weekly call option implied volatility is at 43, August is at 44; compared to its 52-week range of 29 to 49 as shares sell off 8% . Call put ratio 1 call to 3.3 puts with focus on August 25 puts.

MiMedx Group (MDXG) option implied volatility spikes as CEO, COO resign, delays earnings

MiMedx Group  (MDXG) July call option implied volatility is at 134, August is at 119; compared to its 52-week range of 54 to 157 as shares sell off 32% as CEO, COO resign, delayed its 2017 earnings announcement and came under DOJ scrutiny related to its business practices. Call put ratio 1 call to 6.5 puts.

Dell Technologies (DVMT) July call option implied volatility is at 27, August is at 23; compared to its 52-week range of 19 to 58 after Dell announced that it will offer to exchange each share of Dell Technologies Class V tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or at the holder’s election, $109 in cash. Call put ratio 1.2 calls to 1 put as shares rally 9.5%.

Increasing unusual call option volume:  LLNW BPT DVMT LIVN BANC MDXG
Increasing unusual put option volume: FLO DVMT JMEI MLCO SM HSY SAVE MDXG
Options with decreasing option implied volatility: BWP FOXA TSLA BAC AAOI NVDA EWW
Active options: BAC TSLA AAPL BABA MU GE NFLX AMD NVDA FB AMZN DVMT T WYNN TWTR MSFT C JD JPM