Mid-session IV Report May 19, 2025

Mid-session IV Report May 19, 2025

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: SMCX UNH ACN ARQQ QBTS NVAX LQDA AISP SKYT BITO EXEL LEN COP ABR KR TBT NDX XSP

Popular stocks volume: UNH PLTR SMCI MRNA MSTR NVAX QBTS SOFI INTC WMT

Active options: NVDA TSLA AAPL UNH PLTR SMCI MRNA AMD MSFT MSTR META NVAX QBTS GOOGL SOFI INTC CRWV WMT QUBT ZIM

Mover amid headlines

JPMorgan (JPM) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 58. Call put ratio 1 call to 1.3 puts with a focus on December 235 puts amid Investor Day.

U.S. Steel (X) 30-day option implied volatility is at 100; compared to its 52-week range of 32 to 116. Call put ratio 1.8 calls to 1 put with a focus on 5K contracts of June 50 calls.

Apple (AAPL) 30-day option implied volatility is at 29; compared to its 52-week range of 16 to 64. Call put ratio 1.4 calls to 1 put into Worldwide Developers Conference (WWDC) on June 9, 2025.

Option IV into quarter results

Home Depot (HD) May 23 weekly call option implied volatility is at 49, June is at 27; compared to its 52-week range of 17 to 49 into the expected release of quarter results before the bell on May 20. Call put ratio 1.4 calls to 1 put with a focus on May 23 weekly 385 calls.

Palo Alto (PANW) May 23 weekly call option implied volatility is at 93, June is at 44; compared to its 52-week range of 25 to 64 into the expected release of quarter results after the bell on May 20. Call put ratio 1 call to 1 put with a focus on May 23 weekly 195 calls.

Viking Holdings (VIK) June call option implied volatility is at 43, July is at 39; compared to its 52-week range of 28 to 74 into the expected release of quarter results before the bell on May 20. Call ratio 1 call to 3.6 puts with a focus on June 40 puts.

Toll Brothers (TOL) May 23 weekly call option implied volatility is at 83, June is at 45; compared to its 52-week range of 28 to 63 into the expected release of quarter results after the bell on May 20. Call put ratio 1 call to 2.7 puts with a focus on May 23 weekly 88 puts.

Movers

iShares 20+ Year Treasury Bond ETF (TLT) 30-day option implied volatility is at 17; compared to its 52-week range of 11 to 25. Call put ratio 1.1 calls to 1 put after Moody’s Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable.

Proshares Trust Ultrashort Lehman 20+ Year Treasury (TBT) 30-day option implied volatility is at 33; compared to its 52-week range of 21 to 49. Call put ratio 10 calls to 1 put with a focus on June 38 and 39 calls after Moody’s Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable.

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 30-day option implied volatility is at 6; compared to its 52-week range of 4 to 18. Call put ratio 1 call to 9.3 puts with a focus on September 76 puts after Moody’s Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable.

Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD) 30-day option implied volatility is at 8; compared to its 52-week range of 6 to 16. Call put ratio 1 call to 9.1 puts with a focus on June 102, 104 and 106 puts after Moody’s Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable.

Options with decreasing option implied volatility: FL DOCS GTM HNRG TSSI RDFN VG GCT HTZ UAA SOC ZIM VTLE ONON SE CAVA BEKE SBLK TTWO
Increasing unusual option volume: APPN FNKO NVAX SOC UNH CYH EXEL SPCE WTI VTR OMEX
Increasing unusual call option volume: ARQQ EXEL SOC NVAX CYH UNH OMEX SPCE AISP FI TDUP CIVI GLBE
Increasing unusual put option volume: TMC AR NXT NVAX HLF COMM GTM MCHI ALK FIS UNH SPCE WGS BXP