Mid-session IV Report May 16, 2023

Mid-session IV Report May 16, 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: HZNP ORCL KR ISEE KDNY

Popular stocks increasing options volume: HD MU UPST ZI HZNP NANOS BAC AI BIDU
      
Tesla (TSLA) May call option implied volatility is at 56, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.

Tech option IV as shares trend higher

Microsoft (MSFT) 30-day option implied volatility is at 21; compared to its 52-week range of 21 to 43 as shares trend higher.

NVIDIA (NVDA) 30-day option implied volatility is at 48; compared to its 52-week range of 41 to 81 as shares trend higher.

Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 44; compared to its 52-week range of 40 to 69 as shares trade above $101.

Option IV into quarter results

Target (TGT) May call option implied volatility is at 100, June is at 41; compared to its 52-week range of 26 to 52 into the expected release of quarter results before the bell on May 17.

Alibaba (BABA) May call option implied volatility is at 83, June is at 51; compared to its 52-week range of 42 to 85 into the expected release of quarter results. Call put ratio 4.2 calls to 1 put.

Cisco Systems (CSCO) May call option implied volatility is at 68, June is at 27; compared to its 52-week range of 18 to 42 into the expected release of quarter results after the bell on May 17.

Take-Two Interactive Software (TTWO) May call option implied volatility is at 99, June is at 44; compared to its 52-week range of 29 to 59 into the expected release of quarter results after the bell on May 17.

TJX Cos. (TJX) May call option implied volatility is at 69, June is at 33; compared to its 52-week range of 20 to 44 into the expected release of quarter results on May 17. Call put ratio 3.5 calls to 1 put.

Ross Stores (ROST) May call option implied volatility is at 88, June is at 35; compared to its 52-week range of 23 to 57 into the expected release of quarter results on May 18.

Walmart (WMT) May call option implied volatility is at 54, June is at 22; compared to its 52-week range of 16 to 34 into the expected release of quarter results before the bell on May 18.

Movers

Horizon Therapeutics (HZNP) 30-day option implied volatility is at 41; compared to its 52-week range of 5 to 82 amid FTC will sue to block Horizon Therapeutics takeover by Amgen (AMGN). Call put ratio 1 call to 6 puts.

Amgen (AMGN) 30-day option implied volatility is at 20; compared to its 52-week range of 18 to 29. Call put ratio 4.8 calls to 1 put.

Lowe’s Cos. (LOW) 30-day option implied volatility is at 32; compared to its 52-week range of 22 to 46. Call put ratio 1 call to 4 puts as shares pull back.

Tractor Supply (TSCO) 30-day option implied volatility is at 24; compared to its 52-week range of 22 to 44. Call put ratio 1 call to 4 puts as shares sell off 1%.

ZoomInfo Technologies Inc. (ZI) 30-day option implied volatility is at 47; compared to its 52-week range of 42 to 290. March 22.50 and 25 calls are active.

Chinook Therapeutics (KDNY) 30-day option implied volatility is at 76; compared to its 52-week range of 41 to 86.

Sarepta Therapeutics (SRPT) 30-day option implied volatility is at 73; compared to its 52-week range of 39 to 143 into PDUFA on May 29.

Options with decreasing option implied volatility: U UPST RIVN NVAX TOST RETA IMGN RBLX ZION VLY RNG AFRM BYND TTD WAL SRPT MCB
Increasing unusual option volume: HD HZNP ZI XP VIPS FUTU TPR
Increasing unusual call volume: ZI TPR VIPS FUTU HZNP NANOS NNOX GOTU
Increasing unusual put volume: MAXN HZNP XP PZZA EWG KNX RSP HD FUTU SE PACW ONON STWD
Active options: AMD TSLA NVDA AMZN MSFT AAPL HD META GOOGL SE PACW FUTU MU NU UPST NFLX BAC GOOG AI BIDU