Mid-session IV Report June 1, 2021

Mid-session IV Report June 1, 2021

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: AMC BB GME BBBY HZON BSX PLUG ZM AAP NTAP

Popular stocks with increasing volume: AMC F BB AAL XOM BB

Option volume, IV and share price movers

iHeartMedia, Inc. (IHRT) 30-day option implied volatility is at 49; compared to its 52-week range of 43 to 135. Call put ratio 292 calls to 1 put with focus on June 25 calls.

AMC Entertainment (AMC) June weekly call option implied volatility is at 450, June is at 290; compared to its 52-week range of 85 to 725. Call put ratio 2.6 calls to 1 put as shares rally 14%.

GameStop (GME) June weekly call option implied volatility is at 220, June is at 195; compared to its 52-week range of 78 to 553. Call put ratio 2.5 calls to 1 put as shares rally 7%.

Palantir (PLTR) June weekly call option implied volatility is at 61, June is at 55; compared to its 52-week range of 51 to 174. Call put ratio 4.4 calls to 1 put with focus on June weekly 23 calls as shares rally 8%.

Bed Bath & Beyond (BBBY) 30-day option implied volatility is at 95; compared to its 52-week range of 56 to 303. Call put ratio 4.5 calls to 1 put as shares rally 1.9%.

BlackBerry (BB) June weekly call option implied volatility is at 199, June is at 140; compared to its 52-week range of 47 to 478. Call put ratio 6.2 calls to 1 put with focus on June weekly 11 calls as shares rally 4%.

Beyond Meat (BYND) 30-day option implied volatility is at 60; compared to its 52-week range of 43 to 99. Call put ratio 1.5 calls to 1 put as shares sell off 6%.

Option IV into quarter results this week

Ambarella (AMBA) June weekly call option implied volatility is at 105, June is at 60; compared to its 52-week range of 43 to 101 into the expected release of quarter results today after the bell.

Hewlett Packard (HPE) June weekly call option implied volatility is at 60, June is at 35; compared to its 52-week range of 25 to 217 into the expected release of quarter results today after the bell. Call put ratio 3.3 calls to 1 put.

Plug Power (PLUG) June weekly call option implied volatility is at 105, June is at 89; compared to its 52-week range of 74 to 157 into the expected release of quarter results today after the bell. Call put ratio 4.4 calls to 1 put with focus on June weekly 31 and 31.50 calls.

Zoom Video (ZM) June weekly call option implied volatility is at 110, June is at 63; compared to its 52-week range of 42 to 96 into the expected release of quarter results today after the bell. Call put ratio 1.7 calls to 1 put.

Advanced Auto Parts (AAP) June option implied volatility is at 37, July is at 31; compared to its 52-week range of 28 to 53 into the expected release of quarter results before the bell on June 2.

J.M. Smucker (SJM) June call option implied volatility is at 25, July is at 31; compared to its 52-week range of 19 to 42 into the expected release of quarter results before the bell on June 2. Call put ratio 4.5 calls to 1 put.

Lands End (LE) June call option implied volatility is at 80, July is at 67; compared to its 52-week range of 60 to 127 into the expected release of quarter results before the bell on June 2.

NetApp (NTAP) June weekly call option implied volatility is at 81, June is at 44; compared to its 52-week range of 26 to 64 into the expected release of quarter results after the bell on June 2.

PVH Corp (PVH) June weekly call option implied volatility is at 55, June is at 45; compared to its 52-week range of 41 to 99 into the expected release of quarter results after the bell on June 2. Call put ratio 1 call to 7.2 puts.

Splunk (SPLK) June weekly call option implied volatility is at 103, June is at 56; compared to its 52-week range of 32 to 63 into the expected release of quarter results after the bell on June 2.

Biogen (BIIB) June weekly call option implied volatility is at 89, June is at 133; compared to its 52-week range of 28 to 103 into for aducanumab in Alzheimer’s PDUFA date of June 7. Call put ratio 1 call to 1 put.

Occidental Petroleum (OXY) call put ratio 6.2 calls to 1 put as shares rally 7% amid WTI oil trades up to October 2018 levels.

Devon Energy (DVN) call put ratio 4 calls to 1 put with focus on June weekly calls as shares rally 11%.

CanopyGrowth (CGC) June weekly call option implied volatility is at 105, June is at 67; compared to its 52-week range of 53 to 168 after release of quarter results today. Call put ratio 2.1 calls to 1 put with focus on June weekly 25 and 25.50 calls.

Increasing unusual option volume: OEG STM MUX CLDR IHRT MUX CLDR BBIG OEG ABT
Increasing unusual call option volume: STM EDU OEG AYRO CLDR BBIG
Increasing unusual put option volume: EDU MTCH MJ ABT JWN GEO DELL CLDR KIRK
Options with decreasing option implied: ANF UNG BIG PLAN CPRI DKS CLDR
Active options: AMC AAPL NIO AMD SNDL TSLA PLTR F BB BA BABA AAL BAC TLRY NVDA XOM SPCE PDD OXY AMZN