Mid-session IV Report June 25, 2024

Mid-session IV Report June 25, 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: SNAP CHWY ALGN ZI ROKU META SPOT CMG IBM WEAT GOOG GOOGL EMB VRNA ZI

Popular stocks with increasing volume: CCL WMT GME CHWY PLTR ABNB SMCI HOOD

Active options: NVDA AAPL TSLA AMD CCL BMBL PTEN AMZN GOOGL WMT DJT META ENVX GME GOOG CHWY PLTR ABNB SMCI HOOD

Chipotle Mexican Grill (CMG) 30-day option implied volatility is at 38; compared to its 52-week range of 15 to 40 into stock splits 50-for-1 after tonight’s close and begins trading Wednesday. July 2850 and 3010 calls active as share price trades $3,232.

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 today after the bell. July 5 weekly 220 and 225 puts are active between bid ask spread.

Micron (MU) June weekly call option implied volatility is at 168, July is at 76; 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 2.9 calls to 1 put with focus on a trade of June 28 weekly 140 calls trading at $8.20.

Levi (LEVI) July call option implied volatility is at 48, August is at 38; compared to its 52-week range of 27 to 73 into the expected release of quarter results after the bell on June 26. July 23 puts and August 26 calls active.

Paychex (PAYX) July call option implied volatility is at 28, August is at 21; compared to its 52-week range of 14 to 66 into the expected release of quarter results before the bell on June 26. Call put ratio 1 call to 2 puts amid 125 contracts of July 120 puts trading at $1.25.

General Mills (GIS) June weekly call option implied volatility is at 47, July is at 22; compared to its 52-week range of 13 to 27 into the expected release of quarter results before the bell on June 26.

Jefferies Financial (JEF) July call option implied volatility is at 32, August is at 27; compared to its 52-week range of 28 to 70 into the expected release of quarter results after the bell on June 26. Call put ratio 6.2 calls to 1 put with a focus on July 50 calls trading at 30c.

National Beverage (FIZZ) 30-day option implied volatility is at 35; compared to its 52-week range of 23 to 42 into the expected release of quarter results on June 26.  

SunPower (SPWR) June weekly call option implied volatility is at 158, July is at 144; compared to its 52-week range of 53 to 342 into the expected release of quarter results on June 26. Call put ratio 1.6 calls to 1 put.

BlackBerry (BB) June weekly call option implied volatility is at 177, July is at 120; compared to its 52-week range of 41 to 191 into the expected release of quarter results after the bell on June 26. Call put ratio 2.5 calls to 1 put with focus on July 5 weekly 2.5 calls trading at 10c.

Options with decreasing option implied volatility: NKLA SRPT ANVS GME KMX MBLY BITI CAN LEN HPE KR CCL
Increasing unusual option volume: PTEN CERE BMBL ABEV FYBR FFIE ALNY
Increasing unusual call option volume: ALNY ZI MCRB BURL FTAI BRCC ENVX OLLI
Increasing unusual put option volume: PTEN BMBL FYBR JACK FND PSEC FTAI GPN ALNY CORZ