Mid-session IV Report March 12, 2019

Mid-session IV Report March 12, 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: BA SPR LUV DAL UAL AAL BBBY​

Popular stocks with increasing unusual volume: BA SPR LUV DAL UAL AAL WFC VALE SNAP CVNA​

Boeing (BA) option implied volatility increases as UK grounds all Boeing 737 Max aircraft​

Boeing (BA) March call option implied volatility is at 55, April is at 34; compared to its 52-week range of 19 to 45 as UK grounds all Boeing 737 Max aircraft. Call put ratio 1 call to 1.3 puts. ​

Spirit AeroSystems (SPR) March call option implied volatility is at 29, April is at 24; compared to its 52-week range of 20 to 50 as UK grounds all Boeing 737 Max aircraft. Call put ratio 1.6 calls to 1 put. ​
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Southwest Airlines (LUV) March call option implied volatility is at 39, April is at 29; compared to its 52-week range of 20 to 46 as UK grounds all Boeing 737 Max aircraft. Call put ratio 1 call to 2.1 puts with focus on March weekly 78 and 79 puts. ​
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Delta (DAL) March call option implied volatility is at 29, April is at 29; compared to its 52-week range of 20 to 46 as UK grounds all Boeing 737 Max aircraft. Call put ratio 1 call to 1.5 puts with focus on March weekly 49 and 50 puts. ​
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American Airlines (AAL) March call option implied volatility is at 43, April is at 36; compared to its 52-week range of 27 to 65 as UK grounds all Boeing 737 Max aircraft.​
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United Airlines (UAL) March call option implied volatility is at 31, April is at 32; compared to its 52-week range of 22 to 47 as UK grounds all Boeing 737 Max aircraft. Call put ratio 1 call to 2.2 puts.​
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Apple (AAPL) March call option implied volatility is at 24, April is at 20; compared to its weekly range of 16 to 46 into hosting a “special event” live from the Steve Jobs Theater in Cupertino, California on March 25, 2019. Call put ratio 2.4 calls to 1 put with focus on March 182.50 calls as shares at fresh three-month high. ​
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Wells Fargo (WFC) March call option implied volatility is at 17, April is at 19; compared to its 52-week range of 16 to 44 into House Financial Services Committee holds a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” with President & CEO of Wells Fargo, Timothy Sloan.​
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Financial Select Sector SPDR ETF (XLF) March call option implied volatility is at 15, April is at 16; compared to its 52-week range of 13 to 24 into House Financial Services Committee holds a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses”.​

Chipotle Mexican Grill (CMG) March option implied volatility is at 26, April is at 24; compared to its 52-week range of 23 to 51 after announcing the national launch of its loyalty program, Chipotle Rewards. Call put ratio 1.6 calls to 1 put with focus on March 635 calls.​
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Wells Fargo (WFC) March call option implied volatility is at 17, April is at 19; compared to its 52-week range of 16 to 44 as The House Financial Services Committee holds a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” with President & CEO of Wells Fargo, Timothy Sloan.​
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Financial Select Sector SPDR ETF (XLF) March call option implied volatility is at 15, April is at 16; compared to its 52-week range of 13 to 24.​
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Chipotle Mexican Grill (CMG) March option implied volatility is at 26, April is at 24; compared to its 52-week range of 23 to 51 after announcing the national launch of its loyalty program, Chipotle Rewards. Call put ratio 1.6 calls to 1 put with focus on March 635 calls.​

T-Mobile (TMUS) March option implied volatility is at 20, April is at 19; compared to its 52-week range of 17 to 38 into its proposed Sprint (S) takeover.​

Sprint (S) March option implied volatility is at 37, April is at 32; compared to its 52-week range of 24 to 74 into T-Mobile (TMUS) proposed merger.​

Markets are forward looking. Where will markets be in six-months? Will market fundamentals justify these current price levels in September?
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Increasing unusual option volume: ZTO NOG IEF MITK BCE ​
Increasing unusual call option volume: IEF QEP PRTY SFIX BCE AOBC WBC PLNT​
Increasing unusual put option volume: ZTO NOG QEP PRTY DKS MOMO SFIX HAS ​
Options with decreasing option implied volatility: MNLX XLP BMY OXY CGC FDX UNIT LNG MA XLB AXSM NIO HIQ UNFI SFIX DKS ​
Active options: LLY AAPL BA ELAN NVDA GE NIO FB AMD BAC TSLA MU AMZN MSFT NFLX BABA VALE WFC SNAP JD​
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