Mid-session IV Report March 12, 2021

Mid-session IV Report March 12, 2021

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: NLY FDX SIRI VIAC CX DBX

Popular stocks with increasing volume: JD RIOT T TLRY PLTR AAL BABA

Bank stocks trading at upper end of range amid flat IV

Bank of America (BAC) 30-day option implied volatility is at 33; compared to its 52-week range of 29 to 124 amid shares up 1.9%. Call put ratio 3.5 calls to 1 put with focus on March weekly 37 calls.

Goldman Sachs (GS) 30-day option implied volatility is at 33; compared to its 52-week range of 27 to 116 amid shares up 2%.

Wells Fargo (WFC) 30-day option implied volatility is at 39; compared to its 52-week range of 35 to 138 amid shares up 2%. Call put ratio 3.5 calls to 1 put.

Morgan Stanley (MS) 30-day option implied volatility is at 34; compared to its 52-week range of 29 to 120 amid shares up 2%.

JPMorgan (JPM) 30-day option implied volatility is at 31; compared to its 52-week range of 27 to 119 amid shares up 1.9%. Call put ratio 3.1 calls to 1 put.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 28; compared to its 52-week range of 22 to 111 amid shares up 1.3%. Call put ratio 3.1 calls to 1 put with focus on April 35 calls.

Movers

ViacomCBS (VIAC) March weekly call option implied volatility is at 135, March is at 79; compared to its 52-week range of 36 to 135. Call put ratio 1 call to 1.2 with focus on March weekly 92 puts as shares rally 6.8%.

AT&T (T) March weekly call option implied volatility is at 50, March is at 25; compared to its 52-week range of 18 to 80 amid a company sponsored virtual analyst & investor day. Call put ratio 8.8 calls to 1 put with focus on March weekly 30 and 30.50 calls.

Rare earth IV flat

Market Vectors Rare Earth/strategic Metals Etf (REMX) 30-day option implied volatility is at 62; compared to its 52-week range of 28 to 119.

MP Materials (MP) 30-day option implied volatility is at 108; compared to its 52-week range of 54 to 141. Call put ratio 3.9 calls to 1 put.

Dropbox (DBX) call put ratio 22 calls to 1 put with focus on March 25 and 26 calls as shares rally 2.8%

Increasing unusual option volume: FINV ADNT CGRO CX QD FNKO ULTA GDRX DBX
Increasing unusual call option volume: FINV CX QD LC FNKO
Increasing unusual put option volume: ULTA CGRO CAN FLR ROST
Options with decreasing option implied: SRNE FOSL DOCU RRC CLVS ULTA
Active options: AAPL TSLA NIO BA PLTR AMC GE T GME FB AAL JD AMD BABA BAC AMZN F MSFT TLRY X