Mid-session IV Report July 2, 2020

Mid-session IV Report July 2, 2020

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: BHC NUS NIO TCL NKLA MELI

Popular stocks with increasing unusual volume: WKHS PFE NKLA GM PCG

Tesla (TSLA) July weekly call option implied volatility is at 71, July is at 61, August is at 72; compared to its 52-week range of 33 to 154 as shares rally 8% on better than expected Q2 delivery numbers. Call put ratio 1.3 calls to 1 put.

Nikola (NKLA) July weekly call option implied volatility is at 220, July is at 137, August is at 124; compared to its 52-week range of 67 to 305 as shares sell off 5%. Call put ratio 1.1 calls to 1 put.

Workhorse Group (WKHS) July call option implied volatility is at 210, August is at 207; compared to its 52-week range of 102 to 286 as shares rally 10%. Call put ratio 2.3 calls to 1 put.

Levi Strauss (LEVI) July call option implied volatility is at 59, July is at 53; compared to its 52-week range of 30 to 136 into the expected release of quarter results after the bell on July 7. Call put ratio 3.1 calls to 1 put with focus on July 15 calls.

Paychex (PAYX) July call option implied volatility is at 36, August is at 34; compared to its 52-week range of 14 to 84 into the expected release of quarter results after the bell on July 7. Call put ratio 5.3 calls to 1 put with focus on July 80 calls.

Bed Bath & Beyond (BBBY) July weekly call option implied volatility is at 126, July is at 110; compared to its 52-week range of 44 to 214 into the expected release of quarter results after the bell on July 8. Call put ratio 2.7 calls to 1 put.

Delta Air Lines (DAL) July weekly call option implied volatility is at 71, July is at 79; compared to its 52-week range of 20 to 265 into the expected release of quarter results before the bell on July 9.

Walgreens Boots Alliance (WBA) July weekly call option implied volatility is at 48, July is at 47; compared to its 52-week range of 19 to 88 into the expected release of quarter results on July 9. Morgan Stanley lowered its Walgreens price target to $45 ahead of earnings.

Plug Power (PLUG) 30-day option implied volatility is at 126; compared to its 52-week range of 54 to 186. Call put ratio 3.7 calls to 1 put as shares at five-year high.

Ballard Power (BLDP) 30-day option implied volatility is at 91; compared to its 52-week range of 41 to 217 as shares at 18-year high.

Bloom Energy (BE) 30-day option implied volatility is at 104; compared to its 52-week range of 57 to 238. Call put ratio 1.8 calls to 1 put with focus on July calls.

TPI Composites (TPIC) 30-day option implied volatility is at 59; compared to its 52-week range of 39 to 173 as shares rally 4%.

First Solar (FSLR) 30-day option implied volatility is at 51; compared to its 52-week range of 29 to 113. Call put ratio 2.1 calls to 1 put with focus on July calls.

SunPower (SPWR) 30-day option implied volatility is at 90; compared to its 52-week range of 54 to 146. Call put ratio 2.8 calls to 1 put as shares rally 4.5%.

Sunrun (RUN) 30-day option implied volatility is at 64; compared to its 52-week range of 39 to 148. The rooftop solar developer call put ratio is 2.1 calls to 1 put.

Increasing unusual option volume: WKHS IRDM ERIC SONO FOLD
Increasing unusual call option volume: WKHS FEZ SONO MT FOLD ELF CEMI
Increasing unusual put option volume: NKLA BPY XLY TUP EGHT FOXA GM PLUG
Options with decreasing option implied volatility: INO APT SRNE MRO CLDR RAD CGC FDX MU
Active options: TSLA AAPL NIO FB AMZN MSFT GM BA PCG NKLA AAL BAC WKHS AMD NFLX BABA NVDA ROKU GE PFE