Mid-session IV Report March 31, 2023

Mid-session IV Report March 31, 2023

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By this often over looked information.

Options with increasing option implied volatility: DWAC VLY AMC YMAB

Popular stocks with increasing volume: MU BABA COIN NIO INTC SQ

Apple (AAPL) 30-day option implied volatility is at 26; compared to its 52-week range of 23 to 45 into World Wide Developer Conference (WWDC) 2023 conference on June 5.

Semi option IV into end of month and quarter

Micron Technology (MU) 30-day option implied volatility is at 39; compared to its 52-week range of 36 to 62 after China’s Office of Cybersecurity Review announced it will implement a cybersecurity review of products sold by Micron in China. Call put ratio 1 call to 1.9 puts as shares sell off 3%.

NVIDIA (NVDA) 30-day option implied volatility is at 43; compared to its 52-week range of 43 to 82.

Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 47; compared to its 52-week range of 44 to 73. Call put ratio 1.3 calls to 1 put as shares down 1.5%.

Taiwan Semi (TSM) 30-day option implied volatility is at 35; compared to its 52-week range of 29 to 53.

Qualcomm (QCOM) 30-day option implied volatility is at 34; compared to its 52-week range of 32 to 58.

Texas Instruments (TXN) 30-day option implied volatility is at 29; compared to its 52-week range of 23 to 44. Call put ratio 1 call to 3.5 puts.

Skyworks Solutions (SWKS) 30-day option implied volatility is at 35; compared to its 52-week range of 32 to 56.

Western Digital (WDC) 30-day option implied volatility is at 46; compared to its 52-week range of 36 to 73.

Broadcom (AVGO) 30-day option implied volatility is at 25; compared to its 52-week range of 25 to 48.

Lam Research (LRCX) 30-day option implied volatility is at 44; compared to its 52-week range of 38 to 64.

Analog Devices (ADI) 30-day option implied volatility is at 26; compared to its 52-week range of 25 to 44.

Marvell Technology (MRVL) 30-day option implied volatility is at 42; compared to its 52-week range of 42 to 80.

ON Semiconductor (ON) 30-day option implied volatility is at 46; compared to its 52-week range of 42 to 74.
Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 30; compared to its 52-week range of 30 to 49.

Option IV into BofA Securities 2023 Automotive Summit, April sales and New York Auto Show

Tesla (TSLA) 30-day option implied volatility is at 63; compared to its 52-week range of 49 to 96 into reporting 1Q delivery units number. Call put ratio 1.4 calls to 1 put.

General Motors (GM) 30-day option implied volatility is at 41; compared to its 52-week range of 31 to 60 into BofA Securities 2023 Automotive Summit.

Ford Motor (F) 30-day option implied volatility is at 38; compared to its 52-week range of 33 to 588 into start of New York Auto Show on April 7.

Stellantis (STLA) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 90 into start of New York Auto Show on April 7. Call put ratio 24 calls to 1 put.

Option movers

Walmart (WMT) 30-day option implied volatility at 18; compared to its 52-week range of 16 to 34 into company’s 2023 Investment Community Meeting on April 5, 2023. Call put ratio 1.6 calls to 1 put.

Freeport-McMoran (FCX) 30-day option implied volatility is at 45; compared to its 52-week range of 38 to 65.

Activision Blizzard (ATVI) 30-day option implied volatility is at 24; compared to its 52-week range of 9 to 46 into The U.K. Competition and Markets Authority, or CMA, investigation remains due to issue its final report by April 26, 2023. Call put ratio 12 calls to 1 put with focus on April, June and January calls.

Metropolitan Bank Holding Corp (MCB) April call option implied volatility is at 213, May is at 191; compared to its 52-week range of 34 to 248 after says bank remains well capitalized. Call put ratio 1 call to 3.1 puts as shares rally 23%.

Option IV into quarter results

ConAgra (CAG) April weekly call option implied volatility is at 40, April is at 27; compared to its 52-week range of 18 to 31 into the expected release of quarter results before the bell on April 5.

Options with decreasing option implied volatility: VKTX DB SLG FAZ CCL GME FAS CFG ALLY RF KEY LULU TFC BXP FITB FUTU HBAN BXMT
Increasing unusual option volume: FRC UBS WM IONQ PACW ICLN GOGO VHC AMRS LNTH TEX RUM
Increasing unusual call volume: UBS PACW IONQ WM BBIO ICLN RUM RGLD SCHW AEHR BB EQX
Increasing unusual put option volume: AMRS WM ENVX CMA ICLN GD SCHW ASTS FHN VKTX HRL
Active options: TSLA AAPL NVDA AMD MU META AMZN BBBY BABA GOOG NFLX MSFT UPST MPW GOOGL COIN NIO INTC AMRS SQ