Mid-session IV Report June 16, 2020

Mid-session IV Report June 16, 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: IQ NFLX DPZ HEAR SGMO TCO

Popular options with increasing volume: IQ NIO NKLA HTZ DAL CCL UAL

iShares Nasdaq Biotechnology (IBB) 30-day option implied volatility is at 32; compared to its 52-week range of 17 to 80 amid Covid 19 Oxford therapy-treatment headlines. Call put ratio 2.8 calls to 1 put with focus on June 133.50 calls as shares rally 4%.

iQIYI (IQ) 30-day option implied volatility is at 77; compared to its 52-week range of 39 to 133 into shares trade up 29% after Reuters reported Tencent wants to become biggest iQIYI shareholder.

Hertz Global (HTZ) June call option implied volatility is at 420, July is at 320; compared to its 52-week range 40 to 456 amid wide price movement. Call put ratio 1.48 calls to 1 put.

Tesla (TSLA) June call option implied volatility is at 65, July is at 71; compared to its 52-week range of 34 to 154 as shares rally 1.4%.

Nikola (NKLA) June option implied volatility is at 212, July is at 230; compared to its 52-week range of 67 to 305. Call put ratio 2.4 calls to 1 put.

T-Mobile (TMUS) June call option implied volatility is at 39, July is at 34; compared to its 52-week range of 18 to 90 amid SoftBank (SFTBY) to sell two thirds of T-Mobile stake early next week, CNBC reports.

Option implied volatility into quarter results

Oracle (ORCL) June call option implied volatility is at 72, July is at 35; compared to its 52-week range of 15 to 92 into the expected release of quarter results today after the bell. Call put ratio 5.8 calls to 1 put with focus on June 55 calls as shares rally 2.8%.

Groupon (GRPN) July call option implied volatility is at 245, July is at 150; compared to its 52-week range of 37 to 127 into the expected release of quarter results on June 16. Call put ratio 5 calls to 1 put with focus on June calls.

Carnival Corp (CCL) June call option implied volatility is at 130, July is at 121; compared to its 52-week range of 18 to 267 into the expected release of quarter results before the bell on June 18. Call put ratio 2 calls to 1 put as shares rally 9%.

Darden Restaurants (DRI) June call option implied volatility is at 71, July is at 65; compared to its 52-week range of 17 to 215 into the expected release of quarter results on June 18. Call put ratio 1.8 calls to 1 put as shares rally 5.9%.

Kroger (KR) June call option implied volatility is at 101, July is at 47; compared to its 52-week range of 19 to 95 into the expected release of quarter results before the bell on June 18. Call put ratio 5.1 calls to 1 put with focus on June calls.

At Home Group (HOME) June call option implied volatility is at 270, July is at 142; compared to its 52-week range of 59 to 280 into the expected release of quarter results after the bell on June 18.

Slack (WORK) June call option implied volatility is at 77, July is at 69; compared to its 52-week range of 43 to 150 into hosting a virtual shareholder annual meeting on June 19. Call put ratio 4.9 calls to 1 put.

Lyft (LYFT) June call option implied volatility is at 84, July is at 70; comped to its 52-week range of 38 to 195 into hosting a virtual shareholder annual meeting on June 19. Call put ratio 1 call to 1.9 puts with focus on July 35 puts.

Uber (UBER) June call option implied volatility is at 69, July is at 57; compared to its 52-week range of 36 to 200. Call put ratio 2 call to 1 put with focus on June 33, 34 and 35 calls.

Chesapeake Energy (CHK) 30-day option implied volatility is at 298; compared to its 52-week range of 73 to 524 amid shares down 17%. Call put ratio 1 call to 6 puts.

Increasing unusual option volume: HEAR FOLD ZYNE NKLA IPG MITT
Increasing unusual call option volume: TSN HEAR FOLD MITT CARS NKLA FEZ IQ LEN W
Increasing unusual put option volume: NKLA CRUS FOXA IVZ MSI LEN GSX
Options with decreasing option implied volatility: TWO IVR GRPN RWT COTY GRUB PLAY LULU
Active options: AAPL AAL BAC MSFT BA TSLA GE NIO AMD BABA FB NKLA HTZ DAL M IQ F UAL NVDA CCL