Mid-session IV Report June 20, 2019​

Mid-session IV Report June 20, 2019​

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.​
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Options with increasing option implied volatility: S TMUS GLD PSTG SKX IBM VFC​
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Popular stocks with increasing unusual volume: CRM ADBE DIS BYND NIO​

SPDR Gold Trust (GLD) June call option implied volatility is at 23, July is at 14; compared to its 52-week range of 8 to 13 as gold trades up 2%. Call put ratio 2.4 calls to 1 put with focus on July 128 and 130 calls​
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iShares Gold Trust (IAU) June call option implied volatility is at 5, July is at 7; compared to its 52-week range of 9 to 20 as shares rise 2%. Call put ratio 61 calls to 1 put with focus on June and July 13 calls. ​
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Bank option implied volatility ticks up after FOMC and stress tests results to be release​

Bank of America (BAC) June call option implied volatility is at 28, July is at 27; compared to its 52-week range 16 to 47 into stress tests results. Call put ratio 3 calls to 1 put with focus on June 28.50 and July 29 calls. ​

Citi (C) June call option implied volatility is at 27, July is at 25; compared to its 52-week range 16 to 55 into stress tests results.​

Goldman Sachs (GS) June call option implied volatility is at 24, July is at 25; compared to its 52-week range 15 to 50 into stress tests results.​

JPMorgan (JPM) June call option implied volatility is at 21, July is at 20; compared to its 52-week range 15 to 41 into stress tests results. Call put ratio 2.9 calls to 1 put.​

Morgan Stanley (MS) June call option implied volatility is at 26, July is at 27; compared to its 52-week range 18 to 50 into stress tests results.​

U.S. Bancorp (USB) June call option implied volatility is at 24, July is at 19; compared to its 52-week range 13 to 36 into stress tests results.​

Wells Fargo (WFC) June call option implied volatility is at 27, July is at 24; compared to its 52-week range 16 to 45 into stress tests results.​

PNC Financial Services (PNC) June call option implied volatility is at 27, July is at 24; compared to its 52-week range of 15 to 43 into stress tests results. Call put ratio 1 call to 2 puts.​

State Street (STT) June call option implied volatility is at 33, July is at 30; compared to its 52-week range 18 to 47 into stress tests results.​

Capital One Financial (COF) June call option implied volatility is at 21, July is at 24; compared to its 52-week range of 17 to 44 into stress tests results.​

Northern Trust (NTRS) June call option implied volatility is at 24, July is at 24; compared to its 52-week range 17 to 40 into stress tests results.​

Financial Select Sector SPDR ETF (XLF) June call option implied volatility is at 16, July is at 17; compared to its 52-week range of 13 to 34 into stress tests results. Call put ratio 1 call to 1.5 puts with focus on July 28 calls and puts​
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CBS Corp. (CBS) June call option implied volatility is at 30, July is at 24; compared to its 52-week range of 212 to 41 on renewed Viacom (VIAB) M&A reports. Call put ratio 1.7 calls to 1 put.​
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Viacom ( VIAB) June call option implied volatility is at 40, July is at 39; compared to its 52-week range of 22 to 46. Call put ratio 21 call to 1 put with focus on July 30 calls.​
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Sprint (S) June call option implied volatility is at 56, July is at 60; compared to its 52-week range of 30 to 132 as investors wait for regulatory approval of T-Mobile (TMUS) merger. Call put ratio 1.3 calls to 1 put.​
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T-Mobile (TMUS) June call option implied volatility is at 15, July is at 29; compared to its 52-week range of 18 to 38 as investors wait for regulatory approval of Sprint (S) merger. Call put ratio 6 calls to 1 put with focus on July 77.50 calls.​
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From WSJ chief economics commentator Greg Ip:​

Mr. Powell made a strong case for a rate cut without actually delivering one. Why not? Because while he​
sees growing risks to the economic outlook, especially from trade, they are so far just risks. ​
The economy for now seems fine. Mr. Powell doesn’t want to be panicked into cutting without more ​
evidence those risks are actually materializing, which could come in a few weeks. While markets ​
gave him the benefit of the doubt, they are still convinced a rate cut is coming, and could sell ​
off sharply if Mr. Powell disappoints.​
Increasing unusual option volume: SPN SIL IQV MLNT AOBC PSTG IWF DAN RHT MAS SCS SYMC​

Increasing unusual call option volume: SPN SIL PSTG IQV MLNT AOBC XME​
Increasing unusual put option volume: MLNT CRZO IWF AOBC DAN EROS EDIT PUMP​
Options with decreasing option implied volatility: AOBC KR ORCL RHT DRI​
Active options: AAPL AMD FB BAC TSLA BABA NIO MSFT AMZN ORCL NFLX MU NVDA SNAP JD DIS BYND ADBE CRM​
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