Mid-session IV Report May 23, 2022

Mid-session IV Report May 23, 2022

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: BBY DG DLTR COST FDX RL NATH GGPI GPS EBS

Popular stocks with increasing volume: PFE RIVN WMT JPM ZM SOFI

Option IV into quarter release

Zoom Video (ZM) May weekly call option implied volatility is at 254, June is at 128; compared to its 52-week range of 33 to 114 into the expected release of quarter results after the bell on May 23. Call put ratio 1 call to 1.8 puts.

Advanced Auto Parts (AAP) June call option implied volatility is at 61, July is at 49; compared to its 52-week range of 22 to 82 into the expected release of quarter results today after the bell. Call put ratio 1 call to 5.3 puts with focus on June 180 puts.

Best Buy (BBY) May weekly call option implied volatility is at 180, June is at 80; compared to its 52-week range of 24 to 75 into the expected release of quarter results before the bell on May 24. Call put ratio 1 call to 2.4 puts.

Nordstrom (JWN) May weekly call option implied volatility is at 227, June is at 113; compared to its 52-week range of 45 to 102 into the expected release of quarter results after the bell on May 24. Call put ratio 1 call to 4.1 puts as shares rally 2.8%.

Dick’s Sporting Goods (DKS) May weekly call option implied volatility is at 160, June is at 86; compared to its 52-week range of 31 to 82 the expected release of quarter results before the bell on May 25. Call put ratio 1 call to 1.1 puts.

NVIDIA (NVDA) May weekly call option implied volatility is at 126, June is at 76; compared to its 52-week range of 31 to 82 into the expected release of quarter results after the bell on May 25. Call put ratio 1.5 calls to 1 put.

Gap, Inc. (GPS) May weekly call option implied volatility is at 221, June is at 105; compared to its 52-week range of 40 to 92 into the expected release of quarter results after the bell on May 26.

Option IV for stocks with headlines

Electronic Arts (EA) May weekly call option implied volatility is at 59, June is at 37; compared to its 52-week range of 20 to 44 as shares rally 2.3%. Call put ratio 2 calls to 1 put.

Broadcom (AVGO) May weekly call option implied volatility is at 53, June is at 50; compared to its 52-week range of 20 to 47 after reports of talks to acquire VMware (). Call put ratio 1 call to 1.2 puts.

VMware (VMW) May weekly call option implied volatility is at 120, June is at 59; compared to its 52-week range of 20 to 49 after reports Broadcom (AVGO) is in talks to acquire VMware. Call put ratio 1.2 calls to 1 put into the expected release of quarter results on May 26.

Tesla (TSLA) 30-day option implied volatility is at 77; compared to its 52-week range of 35 to 85. Call put ratio 1 call to 1 put.

Amazon (AMZN) 30-day option implied volatility is at 51; compared to its 52-week range of 19 to 51. Call put ratio 1.3 calls to 1 put as shares sell off 1.7%.

SPDR S&P 500 ETF Trust (SPY) 30-day option implied volatility is at 26; compared to its 52-week range of 11 to 32. Call put ratio 1 call to 1.4 puts a shares rally 1.8%.

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 34; compared to its 52-week range of 14 to 38. Call put ratio 1 call to 1.1 puts as shares rally 1.3%.

ARK Innovation ETF (ARKK) May weekly call option implied volatility is at 101, May is at 84; compared to its 52-week range of 28 to 91. Call put ratio 1.2 calls to 1 put as shares sell off 0.5%.

Options with decreasing option implied volatility: SE DOCS DAC FL DT ESSC
Increasing unusual option volume: RENT IMGN VMW MNKD RL AAL
Increasing unusual call option volume: RENT IMGN MNKD VMW CHPT NTNX MLCO
Increasing unusual put option volume: MSOS ROST VMW ANF DFS CDEV BBY
Active options: AAPL TSLA AMD AMC NVDA BAC FB TWTR NIO MSFT F AMZN PFE CHPT RIVN WMT JPM ZM SOFI BBIG