Mid-session IV Report March 21, 2019

Mid-session IV Report March 21, 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: DIS MO NKE AMD GRUB HYG PBR USB SBUX BIIB IBB UNP​

Popular stocks with increasing unusual volume: BIIB CGC SQ MRVL DIS VIAB​
​
Biogen (BIIB) option implied volatility increases, shares plunge 27% after discontinuing Alzheimer’s trials​
​
Biogen (BIIB) April call option implied volatility is at 38; compared to its 52-week range of 21 to 45 shares plunge 27% after discontinues Alzheimer’s drug trials. Call put ratio 1.5 calls to 1 put with focus on April 235 calls. ​
​
iShares Nasdaq Biotechnology (IBB) March weekly call option implied volatility is at 24, April is at 20; compared to its 52-week range of 15 to 40 after Biogen (BIIB) discontinues two Alzheimer’s trials. Call put ratio 1 call to 3.3 puts with focus on June 100 puts. ​
​
Apple (AAPL) IV bid as shares rally on upgrades into media event on Monday at Steve Jobs Theater​

Apple (AAPL) March weekly call option implied volatility is at 30, March weekly is at 27, April is at 23; compared to its 52-week range of 16 to 45 into hosting a media event on March 25. Apple price target was raised to $220 from $170 at Citi and Needham upgraded to Strong Buy from Buy. Call put ratio 2.4 call to 1 put with focus on March 192.50 calls. ​
​
Nike (NKE) March weekly call option implied volatility is at 106, April is at 29; compared to its 52-week range of 17 to 46 into the expected release of EPS today after the bell. Call put ratio 3 calls to 1 put. ​

China tech stocks IV flat to low

iQIYI (IQ) March weekly call option implied volatility is at 59, April is at 51; compared to its 52-week range of 46 to 122. Call put ratio 2.4 calls to 1 put with focus on April weekly 26.50 calls.​

Alibaba (BABA) March weekly call option implied volatility is at 33, April is at 26, May is at 25; compared to its 52-week range of 24 to 58. BABA is expected to report EPS in early May.​

NIO Inc. (NIO) April call option implied volatility is at 55, May is at 65; compared to its 52-week range of 62 to 157. Call put ratio 3.3 calls to 1 put with focus on April and May 5 calls. ​

JD.com (JD) March weekly call option implied volatility is at 44, April is at 36; compared to its 52-week range of 26 to 69. ​
Kandi Technologies Group (KNDI) April and May call option implied volatility is at 71; compared to its 52-week range of 47 to 131.​
​
Willis Towers Watson (WLTW) April call option implied volatility is at 10, May is at 15; compared to its 52-week range of 12 to 40 into hosting an analyst day on March 22.​

Increasing unusual option volume: BBVA GES BIIB VIAB ZION​
Increasing unusual call option volume: VIAB BIIB STAY TBT DRI WSM​
Increasing unusual put option volume: GES ZION BCS BIIB NVS VIAB DSW NUS DVA​
Options with decreasing option implied volatility: TRLY DSW CELG HUM DSW OSTK MU LE CAG​
Active options: AAPL AMD MU BAC NFLX AMD NVDA AMZN FB BA TSLA BIIB KR JPM BABA MSFT CGC SQ GE MRVL DIS​
​
​
​