Mid-session IV Report June 8, 2020

Mid-session IV Report June 8, 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: NKLA IVR AAL BBBY CHK LK HTZ OXY CCL CRON JETS FIT

Popular options with increasing volume: SPCE WORK NKLA OXY AAL HTZ XOM CCL

Nikola (NKLA) June weekly call option implied volatility is at 245, June is at 193; compared to its 52-week range of 67 to 255 amid reports of opening reservations for zero emission truck on June 29th. Call put ratio 3.7 calls to 1 put with focus on June weekly and June 50 calls as shares rally 53%.

Boeing (BA) June weekly call option implied volatility is at 126, June is at 103; compared to its 52-week range of 22 to 222 as shares rally 4%. Call put ratio 3.3 calls to 1 put with focus on August 350 calls.

Airliners calls active as shares trend higher

Delta (DAL) 30-day option implied volatility is at 100; compared to its 52-week range of 20 to 265. Call put ratio 2.5 calls to 1 put.

Southwest Airlines (LUV) 30-day option implied volatility is at 75; compared to its 52-week range of 17 to 203. Call put ratio 4.5 calls to 1 put.

American Airlines (AAL) 30-day option implied volatility is at 154; compared to its 52-week range of 29 to 293. Call put ratio 1.1 calls to 1 put.

United Airlines (UAL) 30-day option implied volatility is at 130; compared to its 52-week range of 20 to 421. Call put ratio 1.8 calls to 1 put.

U.S. Global Jets ETF (JETS) 30-day option implied volatility is at 88; compared to its 52-week range of 14 to 204. Call put ratio 4.7 calls to 1 put with focus on July calls.

Airline parts maintenance companies

AAR Corp. (AIR) 30-day option implied volatility is at 79; compared to its 52-week range of 23 to 180 as shares rise 8%. Call put ratio 250 calls to 1 put with focus on August 35 calls.

Spirit AeroSystems (SPR) 30-day option implied volatility is at 104; compared to its 52-week range of 23 to 159 as shares rally 6%. Call put ratio 4.6 calls with focus on June and July calls.

Heico Corp. (HEI) 30-day option implied volatility is at 43; compared to its 52-week range of 20 to 103 as shares rally 3%. Call put ratio 73 calls to 1 put.

Coupa Software (COUP) June weekly (12) call option implied volatility is at 120, June is at 84; compared to its 52-week range of 54 to 143 into the expected release of quarter results today after the bell. Call put ratio 1.3 calls to 1 put.

Stitch Fix (SFIX) June weekly call option implied volatility is at 212, June is at 143; compared to its 52-week range of 45 to 133 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1 put.

AMC Entertainment (AMC) June weekly call option implied volatility is at 200, June is at 161; compared to its 52-week range of 41 to 387 into the expected release of quarter results after the bell on July 9.

Chewy (CHWY) June call option implied volatility is at 160, June is at 110 ; compared to its 52-week range of 42 to 113 into the expected release of quarter results after the bell on July 9. Call put ratio 3.4 calls to 1 put with focus on June weekly 55 calls.

Five Below (FIVE) June weekly call option implied volatility is at 109, June is at 78; compared to its 52-week range of 29 to 137 into the expected release of quarter results after the bell on July 9.

GameStop (GME) June weekly call option implied volatility is at 230, June is at 190; compared to its 52-week range of 36 to 227 into the expected release of quarter results after the bell on July 9. Call put ratio 3.2 calls to 1 put.

HD Supply Holdings (HDS) June call option implied volatility is at 63, July is at 45; compared to its 52-week range of 18 to 85 into the expected release of quarter results on July 9. Call put ratio 24 calls to 1 put with focus on June 40 calls.

Signet Jewelers (SIG) June weekly call option implied volatility is at 190, June is at 143; compared to its 52-week range of 55 to 233 into the expected release of quarter results on July 9. Call put ratio 3.9 calls to 1 put with focus on June weekly calls.

DraftKings (DKNG) June weekly call option implied volatility is at 124, June is at 104; compared to its 52-week range of 54 to 142 into casino and resort re-openings. Call put ratio 2.1 calls to 1 put with focus on June weekly and June 40 calls.

Increasing unusual option volume: NE NKLA MARK VAL MITT AZUL HEXO CDEV
Increasing unusual call option volume: NE VAL NKLA MITT LTM MARK HEXO SONO COTY
Increasing unusual put option volume: NKLA WU RSP OAS IVR BCS BLMN SRNE ERIC VAL
Options with decreasing option implied volatility: CLDR ZM GOOS BZUN RH DKS DOCU ZUO CIEN AVGO
Active options: BA GE BAC AAPL F TSLA AAL HTZ XOM CCL OXY MSFT AMD WFC T MGM DAL SPCE WORK NKLA