Mid-session IV Report May 19, 2020

Mid-session IV Report May 19, 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: NVDA URBN SRNE ACB HPQ FIT

Popular options with increasing volume: BABA BYND UAL DAL SQ VIAC BYND
Option IV into results

Urban Outfitters (URBN) May weekly call option implied volatility is at 149, June is at 61; compared to its 52-week range of 33 to 109 into the expected release of quarter results today after the bell. Call put ratio 1 call to 3.2 puts with focus on May 18 weekly puts.

Analog Devices (ADI) May weekly call option implied volatility is at 62, June is at 41; compared to its 52-week range of 22 to 94 into the expected release of quarter results before the bell on May 20. Call put ratio 1 call to 1.9 puts.

L Brands (LB) May weekly call option implied volatility is at 257, June is at 152; compared to its 52-week range of 35 to 203 into the expected release of quarter results after the bell on May 20.

Lowes (LOW) May weekly call option implied volatility is at 92, June is at 42; compared to its 52-week range of 18 to 129 into the expected release of quarter results before the bell on May 20. Call put ratio 3.8 calls to 1 put with focus on May weekly calls.

McKesson (MCK) May weekly call option implied volatility is at 65, June is at 39; compared to its 52-week range of 23 to 82 into the expected release of quarter results before the bell on May 20.

Take-Two Interactive Software (TTWO) May weekly call option implied volatility is at 103, June is at 47; compared to its 52-week range of 25 to 80 into the expected release of quarter results after the bell on May 20. Call put ratio 7.6 calls to 1 put with focus on May weekly 137 calls.

Target (TGT) May weekly call option implied volatility is at 87, June is at 43; compared to its 52-week range of 19 to 91 into the expected release of quarter results before the bell on May 20. Call put ratio 2.2 calls to 1 put with focus on May weekly 126 calls.

Vipshop (VIPS) May weekly call option implied volatility is at 52, June is at 64; compared to its 52-week range of 39 to 90 into the expected release of quarter results on May 20. Call put ratio 6 calls to 1 put with focus on May weekly calls.

NVIDIA (NVDA) May weekly call option implied volatility is at 105, June is at 56; compared to its 52-week range of 28 to 110 into the expected release of quarter results after the bell on May 21. Call put ratio 2.3 calls to 1 put with focus on May weekly calls.

Best Buy (BBY) May weekly call option implied volatility is at 110, June is at 55; compared to its 52-week range of 23 to 106 into the expected release of quarter results before the bell on May 21. Call put ratio 1 call to 2.1 puts with focus on May weekly puts.

Beyond Meat (BYND) 30-day option implied volatility is at 82; compared to its 52-week range of 47 to 140 as shares rally 6.9%. Call put ratio 4.3 calls to 1 put with focus on March 140 calls.

ViacomCBS (VIAC) 30-day option implied volatility is at 68; compared to its 52-week range of 21 to 134. Call put ratio 9.5 calls to 1 put with focus on May weekly (29) 22 calls.

Sorrento Therapeutics (SRNE) June call option implied volatility is at 266, July is at 270; compared to its 52-week range of 75 to 325 after a recent sharp rally. Call put ratio 1.7 calls to 1 put.

Overstock.com (OSTK) 30-day option implied volatility is at 130; compared to its 52-week range of 66 to 213. Call put ratio 16 calls to 1 put with focus May 17 and 18 calls.

Wayfair (W) May weekly call option implied volatility is at 96, June is at 83; compared to its 52-week range of 39 to 210 after shares rally 6.9%. Call put ratio 1.2 calls to 1 put.

Moderna (MRNA) May weekly call option implied volatility is at 139, June is at 131; compared to its 52-week range of 50 to 172 after announces $1.25B common stock offering. Call put ratio 1.6 calls to 1 put.

United States Oil Fund (USO) May weekly call option implied volatility is at 144, June is at 112; compared to its 52-week range of 23 to 247 into WTI front month contracts expires today. Call put ratio 4 calls to 1 put with focus on May 21 weekly calls.

Increasing unusual option volume: DVAX SRNE NOV PPG HEXO TTOO TECK
Increasing unusual call option volume: DVAX HEXO SRNE TECK TTOO AAP
Increasing unusual put option volume: SRNE NOV PPG DHT PPG
Options with decreasing option implied volatility: CLVS MRNA DKNG SDC FTCH BIDU CSCO WMT HD KSS DAL
Active options: AAPL AMD BABA WMT FB BA BYND TSLA AMZN BIDU BAC GE DIS MSFT NVDA UAL WFC DAL HD PINS