Mid-session IV Report June 24, 2024

Mid-session IV Report June 24, 2024

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By this often over looked information.

Options with increasing option implied volatility: ALGN SNAP ROKU META CMG NFLX WBA NKE FDX CCL SPOT ZI DPZ GOOGL ISRG KMB EDR BYND ROKU

Popular stocks with increasing volume: MU TSM F SOFI WBA

Active options: NVDA TSLA AAPL AMZN AMD META GME PLTR GOOGL MU PTEN AMC MARA MSFT SMCI TSM F ACHR SIRI SOFI

Option IV into quarter results

FedEx (FDX) June weekly call option implied volatility is at 85, July is at 41; compared to its 52-week range of 18 to 38 into the expected release of quarter results after the bell on June 25. June weekly 300 and 340 calls.

Micron (MU) June weekly call option implied volatility is at 157, July is at 79; compared to its 52-week range of 27 to 73 into the expected release of quarter results after the bell on June 26. Call put ratio 2 calls to 1 put with focus on a trade of 2K September 250 calls sold at 88 cents.

Movers

Sarepta Therapeutics (SRPT) 30-day option implied volatility is at 38; compared to its 52-week range of 38 to 238. Call put ratio 2.9 calls to 1 put as share price up 36% after expanded FDA approval of Elevidys for DMD. Call put ratio 2 calls to 1 put with focus on August 175 and 195 calls.

MediaAlpha Inc. (MAX) 30-day option implied volatility is at 67; compared to its 52-week range of 39 to 92. Call put ratio 1 call to 32 puts with focus on July 15 and 17.5 puts as share price down 4.5%.

Alnylam (ALNY) 30-day option implied volatility is at 42; compared to its 52-week range of 33 to 408 as share price up 38% to $229.30 after reports results from its HELIOS-B Phase 3 study of vutrisiran. July 105 puts and 110 puts, September 85 puts and January 260 calls active at $13.20.

Option IV Bitcoin

Coinbase (COIN) 30-day option implied volatility is at 68; compared to its 52-week range of 59 to 116. Call put ratio 1.8 calls to 1 put with focus on June 28 weekly 202.50 and 207.50 calls as share price down 4.2%.

Marathon Digital Holdings (MARA) 30-day option implied volatility is at 88; compared to its 52-week range of 88 to 195. Call put ratio 2.7 calls to 1 put with focus on July 35 and 40 calls as share price down 2.1%.

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 91; compared to its 52-week range of 55 to 165 as share price down 5%. July 230 puts active at 10 cents as share price trades $1403.

Riot Platforms (RIOT) 30-day option implied volatility is at 83; compared to its 52-week range of 79 to 144. Call put ratio 3.6 calls to 1 put with focus on July 15 and 20 calls as share price at $9.46.

Options with decreasing option implied volatility: SRPT GME KMX ACN KR LEN IEP
Increasing unusual option volume: PTEN ACHR ALNY GTHX FFIE BL GUSH COUR
Increasing unusual call option volume: ACHR BL YETI ALNY NVD KMX REKR GUSH BGS ALT
Increasing unusual put option volume: PTEN ALNY GUSH MAXN SIRI FND BBIO