Mid-session IV Report November 2, 2020

Mid-session IV Report November 2, 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: LQD RMG SFIX

Popular stocks with increasing volume: DKNG XOM ELY LYFT
IV up across the board

NIO Inc. (NIO) November weekly call option implied volatility is at 133, November is at 120; compared to its 52-week range of 77 to 221 as shares rally 9%. Call put ratio 3.8 calls to 1 put with focus on November weekly 34 and 35 calls.

Uber (UBER) November weekly call option implied volatility is at 144, November is at 84; compared to its 26-week range of 36 to 201 into November 3 company-sponsored California ballot measure that will give voters the chance to decide over the future status of gig workers. Call put ratio 2.7 calls to 1 put.

Lyft (LYFT) November weekly call option implied volatility is at 199, November is at 127; compared to its 26-week range of 38 to 195 into November 3 company-sponsored California ballot measure that will give voters the chance to decide over the future status of gig workers. Call put ratio 12 calls to 1 put.

IV increases into quarter results

Cirrus Logic (CRUS) November weekly call option implied volatility is at 94, November is at 58; compared to its 52-week range of 27 to 93 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1.9 puts.

Bausch Health (BHC) November weekly call option implied volatility is at 103, November is at 73; compared to its 52-week range of 28 to 148 into the expected release of quarter results on November 3.

McKesson (MCK) November weekly call option implied volatility is at 63, November is at 51; compared to its 52-week range of 25 to 82 into the expected release of quarter results before the bell on November 3.

Sysco (SYY) November weekly call option implied volatility is at 69, November is at 52; compared to its 52-week range of 13 to 158 into the expected release of quarter results before the bell on November 3.

Wayfair (W) November weekly call option implied volatility is at 148, November is at 95; compared to its 52-week range of 41 to 210 into the expected release of quarter results before the bell on November 3.

Callaway Golf (ELY) November call option implied volatility is at 88, December is at 71; compared to its 52-week range of 26 to 158. Call put ratio 20 calls to 1 put with focus on December 19 calls.

Increasing unusual option volume: ELY DNKN ING HALO HTZGQ MXEF CLDX
Increasing unusual call option volume: DNKN HALO UUUU RSX ANF FSR
Increasing unusual put option volume: HTZGQ ELAN MXEF RRGB MPLN SWN BCLI YELP CNP ICE
Options with decreasing option implied volatility: DNKN CODX BGFV FIT CHGG LRN PINS PAA TWTR XLC AMD UPS
Active options: NIO AAPL TSLA HTZGQ WFC FB AMD BAC AMZN MSFT C XOM GE SNAP CCL TWTR BA BABA LYFT DKNG