Mid-session IV Report May 24, 2022

Mid-session IV Report May 24, 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: SNAP PINS TWTR FB WSM COST DLTR DLR AMD QCOM……….

Popular stocks with increasing volume: PINS MU RBLX JPM RIVN F ACI

Option IV, volume and share prices pull back after Snap (SNAP) lowers guidance

Snap (SNAP) May weekly call option implied volatility is at 170, June is at 112; compared to its 52-week range of 43 to 128 after lowers Q2 guidance. Call put ratio 1 call to 1 put.

Twitter (TWTR) 30-day option implied volatility is at 73; compared to its 52-week range of 21 to 88 after Snap (SNAP) lowers Q2 guidance. Call put ratio 1 call to 1.2 puts.

Meta Platforms (FB) 30-day option implied volatility is at 53; compared to its 52-week range of 21 to 79 after Snap (SNAP) lowers Q2 guidance.

Alphabet (GOOG) 30-day option implied volatility is at 39; compared to its 52-week range of 17 to 49 after Snap (SNAP) lowers Q2 guidance.

Pinterest (PINS) 30-day option implied volatility is at 91; compared to its 52-week range of 38 to 115 after Snap (SNAP) lowers Q2 guidance.

Microsoft (MSFT) 30-day option implied volatility is at 37; compared to its 52-week range of 16 to 46 after Snap (SNAP) lowers Q2 guidance.

Bumble (BMBL) 30-day option implied volatility is at 87; compared to its 52-week range of 55 to 140 after Snap (SNAP) lowers Q2 guidance.

Crypto themed stocks as Bitcoin

Coinbase (COIN) 30-day option implied volatility is at 129; compared to its 52-week range of 45 to 174. Call put ratio 1 call to 1.7 puts as shares sell off 10%.

Marathon Patent Group (MARA) 30-day option implied volatility is at 143; compared to its 52-week range of 89 to 183 as shares sell off 9.5%.

Riot Blockchain (RIOT) 30-day option implied volatility is at 141; compared to its 52-week range of 88 to 176 as shares sell off 9.3%.

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 160; compared to its 52-week range of 65 to 221. Call put ratio 1 call to 3.6 puts as shares sell off 8%.

Microvision (MVIS) 30-day option implied volatility is at 114; compared to its 52-week range of 88 to 180.

Bit Digital (BTBT) 30-day option implied volatility is at 106; compared to its 52-week range of 88 to 180 as shares sell off 6%.

Silvergate Capital (SI) 30-day option implied volatility is at 123; compared to its 52-week range of 65 to 164. Call put ratio1 call to 1.7 puts as shares sell off 7%.

Fintech stock options and IV increase as shares sell off

Affirm Holdings (AFRM) 30-day option implied volatility is at 126; compared to its 52-week range of 60 to 214. Call put ratio 1 call to 1.1 puts as shares sell off 11%.

Block (SQ) 30-day option implied volatility is at 95; compared to its 52-week range of 34 to 108 as shares sell off 7%.

SoFi Technologies (SOFI) 30-day option implied volatility is at 93; compared to its 52-week range of 58 to 121. Call put ratio 1.4 calls to 1 put as shares sell off 6.6%.

SPDR S&P 500 ETF Trust (SPY) 30-day option implied volatility is at 28; compared to its 52-week range of 11 to 32. Call put ratio 1 call to 2 puts as shares sell off 2.2%.

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 37; compared to its 52-week range of 14 to 38. Call put ratio 1 call to 1.3 puts as shares rally 3.4%.

ARK Innovation ETF (ARKK) 30-day option implied volatility is at 82; compared to its 52-week range of 28 to 91. Call put ratio 1 call to 1.1 puts as shares sell off 6%.

Option IV into quarter release

Nordstrom (JWN) May weekly call option implied volatility is at 267, June is at 123; 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 2.9 puts as shares sell off 7%.

Dick’s Sporting Goods (DKS) May weekly call option implied volatility is at 207, June is at 97; 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 2.5 puts as shares sell off 2.5%.

NVIDIA (NVDA) May weekly call option implied volatility is at 144, June is at 80; 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 1.2 calls to 1 put as shares sell off 5%.

Gap, Inc. (GPS) May weekly call option implied volatility is at 270, June is at 140; compared to its 52-week range of 40 to 92 into the expected release of quarter results after the bell on May 26. Call put ratio 1 call to 2.8 puts as shares sell off 7%.

Box (BOX) June call option implied volatility is at 66, July is at 53; compared to its 52-week range of 28 to into the expected release of quarter results after the bell on May 25. Call put ratio 1 call to 1.4 as shares sell off 5.8%.

Snowflake (SNOW) May weekly call option implied volatility is at 255, June is at 123; compared to its 52-week range of 36 to 114 into the expected release of quarter results after the bell on May 25.

Williams-Sonoma (WSM) June call option implied volatility is at 98, July is at 74; compared to its 52-week range of 32 to 80 into the expected release of quarter results after the bell on May 25.

American Eagle (AEO) May weekly call option implied volatility is at 221, June is at 104; compared to its 52-week range of into the expected release of 45 to 85 quarter results after the bell on May 26. Call put ratio 1 call to 3.4 puts as shares sell off 8%.

Burlington Stores (BURL) May weekly call option implied volatility is at 190, June is at 100; compared to its 52-week range of 26 to 77 into the expected release of quarter results before the bell on May 26.

Costco (COST) May weekly call option implied volatility is at 116, June is at 54; compared to its 52-week range of 15 to 50 into the expected release of quarter results on May 26.

Options with decreasing option implied volatility:
Increasing unusual option volume: ANF NLS RL URBN AAP RENT CLX RENT BBY ACI
Increasing unusual call option volume: SWBI ANF RENT CLX VNET
Increasing unusual put option volume: ANF AVYA BBY ROST SPG SWTX WOOF EXPR
Active options: AAPL SNAP TSLA FB AMD NVDA ZM AMC NIO AMZN BBY TWTR BAC PINS MU MSFT RBLX JPM RIVN F