Mid-session IV Report July 21, 2020

Mid-session IV Report July 21, 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: MSFT CMG TWTR UAL COF OPK SLV OMI BLDP SONO ACB

Popular stocks with increasing unusual volume: KO OXY BYND HAL BYND OPK DKNG

Option implied volatility into quarter results and capital outlook

United Airlines (UAL) July weekly call option implied volatility is at 128, August is at 93; compared to its 52-week range of 19 to 420 into the expected release of quarter results today after the bell.

Intuitive Surgical (ISRG) July weekly call option implied volatility is at 65, August is at 36; compared to its 52-week range of 20 to 101 into the expected release of quarter results today after the bell.

iRobot (IRBT) July weekly call option implied volatility is at 140, August is at 68; compared to its 52-week range of 36 to 121 into the expected release of quarter results today after the bell. Call put ratio 2 calls to 1 put.

Snap (SNAP) July weekly call option implied volatility is at 186, August is at 77; compared to its 52-week range of 38 to 126 into the expected release of quarter results today after the bell. Call put ratio 3.7 calls to 1 put with focus on July weekly 26 calls.

Southern Copper (SCCO) August call option implied volatility is at 37, September is at 36; compared to its 52-week range of 23 to 113 into the expected release of quarter results today after the bell.

Texas Instruments (TXN) July weekly call option implied volatility is at 64, August is at 37; compared to its 52-week range of 19 to 94 into the expected release of quarter results today after the bell. Call put ratio 5.1 calls to 1 put with focus on July weekly 136 calls.

Microsoft (MSFT) July weekly call option implied volatility is at 70, August is at 37; compared to its 52-week range of 15 to 90 into the expected release of quarter results after the bell on July 22. Call put ratio 3.5 calls to 1 put with focus on July weekly 215 calls.

Chipotle (CMG) July weekly call option implied volatility is at 87, August is at 43; compared to its 52-week range of 20 to 125 into the expected release of quarter results after the bell on July 22. Call put ratio 1.3 calls to 1 put as shares at record high into quarter results.

Biogen (BIIB) July weekly call option implied volatility is at 53, August is at 38; compared to its 52-week range of 25 to 63 into the expected release of quarter results before the bell on July 22.

Canadian Pacific (CP) July weekly call option implied volatility is at 31, August is at 28; compared to its 52-week range of 17 to 91 into the expected release of quarter results on July 22. Call put ratio 4.6 calls to 1 put.

CSX (CSX) July weekly call option implied volatility is at 58, August is at 34; compared to its 52-week range of 17 to 96 into the expected release of quarter results after the bell on July 22.

Las Vegas Sands (LVS) July weekly call option implied volatility is at 92, August is at 52; compared to its 52-week range of 22 to 180 into the expected release of quarter results after the bell on July 22. Call put ratio 3 calls to 1 put.

Melco Resorts (MLCO) August call option implied volatility is at 63, September is at 64; compared to its 52-week range of 32 to 158 into the expected release of quarter results before the bell on July 22. August and September 20 calls are active.

PG&E (PCG) July weekly call option implied volatility is at 53, August is at 57; compared to its 52-week range of 58 to 254 into the expected release of quarter results before the bell on July 22.

Spirit (SAVE) August call option implied volatility is at 105, September is at 103; compared to its 52-week range of 31 to 379 into the expected release of quarter results on July 22.

Tesla (TSLA) July weekly call option implied volatility is at 190, August is at 103; compared to its 52-week range of 33 to 154 into the expected release of quarter results on July 22.

Whirlpool (WHR) July weekly call option implied volatility is at 79, August is at 46; compared to its 52-week range of 23 to 103 into the expected release of quarter results after the bell on July 22.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 40; compared to its 52-week range of 22 to 158. Call put ratio 2 calls to 1 put.

OPKO Health (OPK) call put ratio 13 calls to 1 put with focus on July weekly 5 and 6 calls as shares rally 21%. July weekly call option implied volatility is at 250, August is at 188; compared to its 52-week range of 70 to 357.

Roundhill Sports Betting & iGaming ETF (BETZ) 30-day option implied volatility is at 52; compared to its 6-week range of 51 to 110. Call put ratio 56 calls to 1 put.

DraftKings (DKNG) 30-day option implied volatility is at 105; compared to its 52-week range of 54 to 142. Call put ratio 10 calls to 1 put with focus on July 40 calls as shares rally 6%.

Increasing unusual option volume: MXEF ATNM OMI WKHS BLDP NBEV ERIC DKNG
Increasing unusual call option volume: ATNM BLDP WKHS OMI RMD NVEV BNTX
Increasing unusual put option volume: MXEF GES CNX MUR BKR OPK NBEV FLEX
Options with decreasing option implied volatility: CRBP CVM COG CZR NFLX M IBM
Active options: AAPL MSFT AMD SPCE NIO TSLA SNAP BA BAC BABA IBM AMZN OPK DKNG KO FB OXY GE BYND HAL