Mid-session IV Report March 11, 2019​

Mid-session IV Report March 11, 2019​

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: BBBY RCII BA CAG PSEC SPR​

Popular stocks with increasing unusual volume: BA DKS ​GE NIO

Apple (AAPL) March call option implied volatility is at 22, April is at 21; compared to its 52-week range 16 to 46 on BofA/Merrill upgrade to Buy from Neutral. Call put ratio 2.5 calls to 1 put with focus on March 180 calls.​
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ADT Inc (ADT) March call option implied volatility is at 98, April is at 46; compared to its 52-week range of 35 to 76 into the expected release of EPS after the bell on March 11. Call put ratio 1.3 calls to 1 put.​

Ascena Retail Group (ASNA) March call option implied volatility is at 94, April is at 64; compared to its 52-week range of 54 to 127 into the expected release of EPS after the bell on March 11. Call put ratio 7 calls to 1 put with focus on March calls.​
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Stitch Fix (SFIX) March call option implied volatility is at 219, April is at 87; compared to its 52-week range of 54 to 110 into the expected release of EPS after the bell on March 11. Call put ratio 1.6 calls to 3.8 puts with focus on March 20 puts.​

Tailored Brands (TLRD) March call option implied volatility is at 183, April is at 77; compared to its 52-week range of 41 to 105 into the expected release of EPS before the bell on March 11. Call put ratio 1 call to 27 puts with focus on March 12 and 13 put.​
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Dicks Sporting Goods (DKS) March call option implied volatility is at 122, April is at 50; compared to its 52-week range of 31 to 62 into the expected release of EPS before the bell on March 12. Call put ratio call to put.​
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Overstock (OSTK) March call option implied volatility is at 96, April is at 105; compared to its 52-week range of 62 to 132. Call put ratio 1.4 calls to 1 put.​
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Boeing (BA) March call option implied volatility is at 60, April is at 35; compared to its 52-week range of 19 to 45 as shares sell off 8.5% on 737 Max crash.​

Spirit AeroSystems (SPR) March call option implied volatility is at 37, April is at 28; compared to its 52-week range of 20 to 50 after a Boeing 737 Max operated by Ethiopian Airlines crashed.​

General Electric (GE) March call option implied volatility is at 84, April is at 53; compared to its 52-week range of 22 to 73.​
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American Airlines (AAL) March call option implied volatility is at 38, April is at 36; compared to its 52-week range of 27 to 65.​

Delta (DAL) March call option implied volatility is at 26, April is at 28; compared to its 52-week range of 20 to 46 after a positive Barron’s write up. Call put ratio 2.6 calls to 1 put.​

Southwest Airlines (LUV) March call option implied volatility is at 32, April is at 28; compared to its 52-week range of 20 to 46. Call put ratio 1 call to 2.6 puts.​

United Airlines (UAL) March call option implied volatility is at 31, April is at 31; compared to its 52-week range of 22 to 47. Call put ratio 1 call to 3.9 puts with focus on June 70 put. ​

Nvidia (NVDA) March call option implied volatility is at 42, April is at 39; compared to its 52-week range of 25 to 86 after announcing the acquisition of Mellanox (MLNX) for $6.9B, or $125 per share in cash.​

Mellanox Technologies (MLNX) March call option implied volatility is at 16, compared to a level of 68 from March 8 and its 52-week range of 27 to 62.​

Option implied volatility is low for energy and energy consultants into CERAWEEK​

Chevron (CVX) March call option implied volatility is at 17, April is at 20; compared to its 52-week range of 16 to 38 into presenting at CERAWEEK today.​

Microsoft (MSFT) March call option implied volatility is at 19, April is at 20; compared to its 52-week range of 16 to 44 into presenting at CERAWEEK today.​

Bloomin’ Brands (BLMN) March call option implied volatility is at 30, April is at 29; compared to its 52-week range of 25 to 58 into a company hosted investor day on March 11.​

Arthur J. Gallagher (AJG) March call option implied volatility is at 16, April is at 15; compared to its 52-week range of 12 to 29 into a company hosted investor day on March 12.​

Ligand (LGND) March call option implied volatility is at 66, April is at 56; compared to its 52-week range of 29 to 92 into a company hosted investor day on March 12.​

Dana (DAN) March call option implied volatility is at 34, April is at 35; compared to its 52-week range of 27 to 73 into a company hosted investor day on March 12.​

Option with increasing volume: BTG RLGY AXGT CHAU MLNX​
Increasing unusual call option volume: BTG CHAU MLNX LLY FTCH ​
Increasing unusual put option volume: RLGY SFIX MLNX MMC​
Options with decreasing option implied volatility: BIG MLNX COST AXSM NIO HIIQ UNFI OKTA