Mid-session IV Report May 14, 2020

Mid-session IV Report May 14, 2020

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: DAL UAL AAL LUV CCL RCL CODX HPE BCRX FTCH RVLV

Popular options with increasing volume: GRUB DAL UAL AAL LUV CCL

Grubhub (GRUB) bid ask spreads wide, put IV above call IV

Grubhub (GRUB) May call option implied volatility is at 127, puts at 158, June is at 69; compared to its 52-week range of 38 to 143 after recent reports Uber (UBER) made all-stock offer to acquire. Call put ratio 1 call to 1.3 puts.

Airline shares prices trending to multi-year lows amid IV below 52-week highs

Delta (DAL) 30-day option implied volatility is at 105; compared to its 52-week range of 20 to 265.

Southwest Airlines (LUV) 30-day option implied volatility is at 88; compared to its 52-week range of 17 to 203.

American Airlines (AAL) 30-day option implied volatility is at 155; compared to its 52-week range of 29 to 293.

United Airlines (UAL) 30-day option implied volatility is at 123; compared to its 52-week range of 20 to 421.

Alaska Airlines (ALK) 30-day option implied volatility is at 95; compared to its 52-week range of 21 to 234.

Allegiant Air (ALGT) 30-day option implied volatility is at 80; compared to its 52-week range of 21 to 216.

Hawaiian Airlines (HA) 30-day option implied volatility is at 121; compared to its 52-week range of 31 to 274.

JetBlue Airways (JBLU) 30-day option implied volatility is at 108; compared to its 52-week range of 23 to 221.

SkyWest Airlines (SKYW) 30-day option implied volatility is at 112; compared to its 52-week range of 21 to 256.

Spirit Airlines (SAVE) 30-day option implied volatility is at 150; compared to its 52-week range of 31 to 370.

Cruise stocks near lower end of range, IV below 52-week highs

Royal Caribbean Cruises (RCL) 30-day option implied volatility is at 115; compared to its 52-week range of 20 to 271. Call put ratio 1 call to 1.6 puts, shares down 7%.

Carnival Cruise Lines (CCL) 30-day option implied volatility is at 111; compared to its 52-week range of 18 to 268. Call put ratio 1 call to 1.6 puts, shares down 8%.

Norwegian Cruise Line (NCLH) call put ratio 1 call to 1.4 puts amid shares down 8%. 30-day option implied volatility is at 147; compared to its 52-week range of 20 to 266.

Farfetch Limited (FTCH) May call option implied volatility is at 308, June is at 90; compared to its 52-week range of 45 to 126 into the expected release of quarter results today after the bell. Call put ratio 8.8 calls to 1 put with focus on May 17 calls.

Revolve Group (RVLV) May call option implied volatility is at 188, June is at 116; compared to its 52-week range of 54 to 148.

Increasing unusual option volume: ALT XP ECL PAGS WIX FTCH
Increasing unusual call option volume: ALT PAGS ECL WIX CODX SFIX FTCH
Increasing unusual put option volume: ACM ECL UNFI CODX DDOG BCS FLEX
Options with decreasing option implied volatility: CSCO NET UCO BE ARWR DBX DDOG LYV BHC
Active options: AAPL CSCO TSLA BA BAC AMD WFC MSFT AAL NFLX GE DAL FB DIS BABA UAL JPM NVDA CCL UBER