Mid-session IV Report June 3, 2022

Mid-session IV Report June 3, 2022

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: ACAD EWG EWJ VTRS

Popular stocks with increasing volume: MU CRWD XOM LULU TWTR SNAP OKTA DKNG

Option Movers into AAPL WWD

Apple (AAPL) June weekly (10) call option implied volatility is at 38, June is at 37; compared to its 52-week range of 19 to 44 into Apple’s annual Worldwide Developers Conference where developers can attend sessions and meet with Apple engineers. Apple’s 2022 event will run from June 6 through 10 and will be a free digital event.

Meta Platforms (FB) 30-day option implied volatility is at 46; compared to its 52-week range of 21 to 79 into Apple’s (AAPL) annual Worldwide Developers Conference beginning on June 6. Call put ratio 1.2 calls to 1 put as shares sell off 3.8%.

Snap (SNAP) 30-day option implied volatility is at 82; compared to its 52-week range of 43 to 128 into Apple’s (AAPL) annual Worldwide Developers Conference.

Pinterest (PINS) 30-day option implied volatility is at 70; compared to its 52-week range of 38 to 114 into Apple’s (AAPL) annual Worldwide Developers Conference. Call put ratio 3.9 calls to 1 put as shares sell off 2.9%.

ARK Innovation ETF (ARKK) 30-day option implied volatility is at 73; compared to its 52-week range of 28 to 91. Call put ratio 1 call to 1.1 puts as shares sell off 5.6%.

Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 56; compared to its 52-week range of 29 to 73 into Financial Analyst Day on June 9.

Option IV into quarter results

Coupa (COUP) June weekly call option implied volatility is at 161, June is at 130; compared to its 52-week range of 38 to 118 into the expected release of quarter results after the bell on June 6.

Futu Holdings (FUTU) June weekly call option implied volatility is at 118, June is at 101; compared to its 52-week range of 62 to 159 into the expected release of quarter results before the bell on June 6.

Academy Sports and Outdoor (ASO) June weekly call option implied volatility is at 113, June is at 90; compared to its 52-week range of 43 to 87 into the expected release of quarter results before the bell on June 7. Call put ratio 5.5 calls to 1 put as shares sell off 1.9%.

Dave & Buster’s Entertainment (PLAY) June weekly call option implied volatility is at 112, June is at 90; compared to its 52-week range of 48 to 84 into the expected release of quarter results before the bell on June 7.

JM Smucker (SJM) June call option implied volatility is at 43, July is at 36; compared to its 52-week range of 17 to 71 into the expected release of quarter results before the bell on June 7.

United Natural Foods (UNFI) June call option implied volatility is at 88, July is at 64; compared to its 52-week range of 41 to 95 into the expected release of quarter results before the bell on June 7.

Dropbox (DBX) June weekly call option implied volatility is at 190, June is at 63; compared to its 52-week range of 27 to 58. call put ratio 11 calls to 1 put with focus on June weekly 22.50 and 22.50 calls as shares rally 7.5%.

PG&E Corp. (PCG) call put ratio 1 call to 3.3 puts with focus on June weekly (3) 12 calls as shares sell off 1%.

Turning Point Therapeutics Inc. (TPTX) call put ratio 1,171 calls to 1 put with focus on July 50 calls into Bristol-Myers (BMY) to acquire Turning Point Therapeutics for $76 per share.

Options with decreasing option implied volatility: FTCH GPS ASAN BIG GME AEO CHWY ZS NTNX PDD WDAY CRWD
Increasing unusual option volume: MPW WFG JOAN TCRT HCP LULU
Increasing unusual call option volume: TCRT LIN LULU OKTA WW AMRN
Increasing unusual put option volume: MPW PSTG SSYS ELY HCP DT ABB VEEV LULU OKTA PCG
Active options: TSLA AAPL AMD NVDA MSFT AAL AMZN FB AMC NIO MU CRWD XOM F LULU TWTR SNAP OKTA MPW DKNG