Mid-session IV Report May 9, 2019

Mid-session IV Report May 9, 2019

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 overlooked information.

Options with increasing option implied volatility: JMIA YINN UVXY SOXL VIX SPXU SQQQ SOXS SDOW SFIX UPRO SPXS

Popular stocks with increasing unusual: INTC TPR YELP PRGO X MT

Option implied volatility for banks and card issuers after The Washington Post says Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez will introduce legislation on Thursday to cap credit card interest rates at 15%. U.S. China trade talks.

Bank of America (BAC) May weekly call option implied volatility is at 40, May is at 33; compared to its 52-week range of 15 to after The Washington Post says Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez will introduce legislation on Thursday to cap credit card interest rates at 15%.

Citi (C) May weekly call option implied volatility is at 44, May is at 33; compared to its 52-week range of 15 to 55.

Goldman Sachs (GS) May weekly call option implied volatility is at 44, May is at 33; compared to its 52-week range of 15 to 50.

JPMorgan (JPM) May weekly call option implied volatility is at 40, May is at 22; compared to its 52-week range of 15 to 40.

Morgan Stanley (MS) May weekly call option implied volatility is at 44, May is at 34; compared to its 52-week range of 18 to 50. Call put ratio 1 call to 4.2 puts.

U.S. Bancorp (USB) May weekly call option implied volatility is at 33, May is at 24; compared to its 52-week range of 13 to 35. Call put ratio 1 call to 8.4 puts with focus on May 51, 52 and 53 puts.

Wells Fargo (WFC) May weekly call option implied volatility is at 38, May is at 29; compared to its 52-week range of 16 to 44.

Visa (V) May weekly call option implied volatility is at 34, May is at 27; compared to its 52-week range of 15 to 40.

MasterCard (MA) May weekly call option implied volatility is at 35, May is at 27; compared to its 52-week range of 16 to 44

Discover (DFS) May weekly call option implied volatility is at 39, May is at 30; compared to its 52-week range of 16 to 43

American Express (AXP) May weekly call option implied volatility is at 33, May is at 25; compared to its 52-week range of 13 to 41

Capital One (COF) May weekly call option implied volatility is at 41, May is at 30; compared to its 52-week range of 16 to 44

Synchrony (SYF) May weekly call option implied volatility is at 33, May is at 29; compared to its 52-week range of 21bto 51

Anadarko Petroleum (APC) May weekly call option implied volatility is at 10, May is at 8, June is at 9; compared to its 52-week range of 16 to 57 after Chevron (CVX) announced that it will not make a counterproposal for Anadarko Petroleum (APC). Call put ratio 1 call to 1.8 puts.

Occidental Petroleum (OXY) May weekly call option implied volatility is at 44, May is at 34, June is at 33; compared to its 52-week range of 18 to 45 after Chevron (CVX) announced that it will not make a counterproposal for Anadarko Petroleum (APC). Call put ratio 2.65 calls to 1 put with focus on May 58 weekly calls.

Chevron (CVX) May weekly call option implied volatility is at 28, May is at 23, June is at 20; compared to its 52-week range of 16 to 39.

Facebook (FB) May weekly call option implied volatility is at 44, May is at 33, June is at 27; compared to its 52-week range of 20 to 53 after Chris Hughes, a co-founder of Facebook, writes in an opinion piece in The New York Times, “It is time to break up Facebook.”

Increasing unusual option volume: BFR SOHU CNDT APH ODP JCI NEPT LCI AXGN CTB
Increasing unusual call option volume: SOHU BFR TSS LCI TPR GPRO MRTX AMZA TSG
Increasing unusual put option volume: ODP JCI LCI RUN TPX CTB WU EZPW GDOT EXPD NBL CNTY
Options with decreasing option implied volatility: ZAYO HIIQ ITCI WW NWL FOSL SEDG
Active options: AAPL DIS INTC AMD ROKU BAC TSLA BABA JD AMZN FB NFLX NVDA MSFT CSCO CA MU GPRO APC OXY