Mid-session IV Report June 4, 2020

Mid-session IV Report June 4, 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: TIF GLUU FIT

Popular options with increasing volume: NIO MGM UAL AAL ZM LUV NCLH

Entertainment, casino and Gaming resorts calls active amid option implied volatility decreasing

Wynn Resorts Ltd (WYNN) 30-day option implied volatility is at 65; compared to its 52-week range of 31 to 216. Call put ratio 4 call to 1 put into casino and resort re-openings. Call put ratio 6.2 calls to 1 put with focus on June 130 and 200 calls.

Las Vegas Sands (LVS) 30-day option implied volatility is at 52; compared to its 52-week range 22 to 179 into casino and resort re-openings. Call put ratio 4 calls to 1 put with focus June and July weekly ATM calls.

MGM Resorts (MGM) 30-day option implied volatility is at 81; compared to its 52-week range of 22 to 337 into casino and resort re-openings. Call put ratio 9 calls to 1 put with focus on June weekly 20 calls.

Caesars Entertainment (CZR) 30-day option implied volatility is at 53; compared to its 52-week range 10 to 343 into casino and resort re-openings. Call put ratio 58 calls to 1 put with focus on June 12 calls.

Melco Resorts (MLCO) 30-day option implied volatility is at 56; compared to its 52-week range of 31 to 151. Call put ratio 11 calls to 1 put into U.S. casino and resort re-openings. Call put ratio 26 calls to 1 put with focus on June 17 and 20 calls.

Penn National Gaming (PENN) 30-day option implied volatility is at 93; compared to its 52-week range of 29 to 435 into casino and resort re-openings. Call put ratio 3.8 calls to 1 put.

Boyd Gaming (BYD) 30-day option implied volatility is at 67; compared to its 52-week range of 25 to 261 into casino and resort re-openings. Call put ratio 19 calls to 1 put with focus on July 30 calls.

Eldorado Resorts (ERI) 30-day option implied volatility is at 95; compared to its 52-week range of 30 to 413 into casino and resort re-openings. Call put ratio 4.6 calls to 1 put.

Century Casinos (CNTY) 30-day option implied volatility is at 91; compared to its 52-week range of 32 to 282 into casino and resort re-openings. Call put ratio 398 calls to 1 put.

Monarch Casino & Resort (MCRI) 30-day option implied volatility is at 59; compared to its 52-week range of 22 to 194 into casino and resort re-openings.

Red Rock Resorts (RRR) 30-day option implied volatility is at 96; compared to its 52-week range of 31 to 378 into casino and resort re-openings. Call put ratio 22 calls to 1 put.

Golden Entertainment (GDEN) 30-day option implied volatility is at 83; compared to its 52-week range of 36 to 267 into casino and resort re-openings. Call put ratio 95 calls to 1 put.

DraftKings (DKNG) 30-day option implied volatility is at 98; compared to its 52-week range of 54 to 142 into casino and resort re-openings. Call put ratio 3.7 calls to 1 put with focus on June weekly calls.

At Home (HOME) June call option implied volatility is at 162, July is at 130; compared to its 52-week range of into the expected release of quarter results. Call put ratio 14 calls to 1 put with focus on June 7 and July 6 calls.

Broadcom (AVGO) June weekly call option implied volatility is at 94, June is at 41; compared to its 52-week range of 21 to 95 into the expected release of quarter results today after the bell.

DocuSign (DOCU) June weekly call option implied volatility is at 186, June is at 72; compared to its 52-week range of 28 to 108 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1 put.

Slack (WORK) 30-day option implied volatility is at 87; compared to its 52-week range of 43 to 149 into the expected release of quarter results today after the bell. Call put ratio 4.5 calls to 1 put with focus on June 40 calls.

Vail Resorts (MTN) June call option implied volatility is at 51, July is at 43; compared to its 52-week range of 21 to 125 into the expected release of quarter results today after the bell. Call put ratio 1.8 calls to 1 put.

Kandi Technologies (KNDI) 30-day option implied volatility is at 95; compared to its 52-week range of 47 to 177 into the expected release of quarter results before the bell on June 5. Call put ratio 34 calls to 1 put with focus on June 4 calls.

Boeing (BA) June weekly call option implied volatility is at 100, June is at 73; compared to its 52-week range of 22 to 222 as shares rally 4%. Call put ratio 3.1 calls to 1 put with focus on June weekly 185 and 190 calls.

Airline parts maintenance companies

AAR Corp. (AIR) 30-day option implied volatility is at 80; compared to its 52-week range of 23 to 180 as shares rise 3%. Call put ratio 4.9 calls to 1 put with focus on June 30 calls.

Spirit AeroSystems (SPR) 30-day option implied volatility is at 98; compared to its 52-week range of 23 to 159. Call put ratio 9 calls to 1 put with focus on June 32.50 and 35 calls.

Heico Corp. (HEI) 30-day option implied volatility is at 41; compared to its 52-week range of 20 to 103. Call put ratio 1 call to 1 put.

Increasing unusual option volume: GLUU ECL MARK COTY
Increasing unusual call option volume: GLUU ECL MARK COTY FLEX NKLA DENN
Increasing unusual put option volume: ECL NKLA FOXA SMAR CLDR THO
Options with decreasing option implied volatility: PCG BIG DXC GOOS CGC DKS CIEN DELL CRM
Active options: AAL BA NIO BAC TSLA DAL MGM AAPL UAL AMD MU GLUU FB ZM GE LUV M MSFT AMZN NCLH