Mid-session IV Report November 3, 2020

Mid-session IV Report November 3, 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: TCO CRON ZM ZS USO RSX LQD RRC CLDR HTH DB

Popular stocks with increasing volume: PYPL C AAL LYFT

Alibaba (BABA) November weekly call option implied volatility is at 84, November is at 57; compared to its 52-week range of 22 to 63 into China’s Ant Group IPO suspended. Call put ratio 1.3 calls to 1 put into the expected release of quarter results on November 5.

Option implied volatility movement increases into Trump Biden, House & Senate election

Sunnova Energy International Inc. (NOVA) November call option implied volatility is at 100, December is at 92; compared to its 52-week range of 91 to 139 into Trump Biden, House & Senate election. Call put ratio 9.2 calls to 1 put as shares rally 9%.

JinkoSolar (JKS) November call option implied volatility is at 116, December is at 101; compared to its 52-week range of 45 to 145 as shares sell off 1.8%. Call put ratio 1.1 calls to 1 put.

SolarEdge Technologies (SEDG) November call option implied volatility is at 87, December is at 75; compared to its 52-week range of 41 to 124. Call put ratio 1 call to 2.1 puts as shares sell off 22%.

Canadian Solar (CSIQ) November weekly call option implied volatility is at 123, November is at 100; compared to its 52-week range of 38 to 147 into as shares rally 1.6%. Call put ratio 3.8 calls to 1 put.

First Solar (FSLR) November weekly call option implied volatility is at 96, November is at 68; compared to its 52-week range of 29 to 112. Call put ratio 1.5 calls to 1 put.

SunPower (SPWR) November weekly call option implied volatility is at 211, November is at 130; compared to its 52-week range of 55 to 145 into Trump Biden, House & Senate election. Call put ratio 1 call to 1.7 put with focus on November weekly calls as shares rally 4%.

Sunrun (RUN) November call option implied volatility is at 110, December is at 96; compared to its 52-week range of 39 to 148 into Trump Biden, House & Senate election. Call put ratio 3.8 calls to 1 put as shares rally 2.9%.

NIO Inc. (NIO) November weekly call option implied volatility is at 114, November is at 113; compared to its 52-week range of 77 to 221 as shares rally 4%. Call put ratio 3.8 calls to 1 put with focus on November weekly 34 and 35 calls into the expected release of quarter results on November 17.

Uber (UBER) November weekly call option implied volatility is at 166, November is at 86; 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 1 call to 1.3 puts into the expected release of quarter results on November 5.

Lyft (LYFT) November weekly call option implied volatility is at 201, November is at 121; 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 5 calls to 1 put.

Biogen (BIIB) November weekly call option implied volatility is at 190, November is at 115; compared to its 52-week range of 25 to 63 into an expected FDA panel to discuss Biogen Alzheimer’s application on November 6.

MercadoLibre (MELI) November call option implied volatility is at 120, December is at 70; compared to its 52-week range of 29 to 135 as shares at upper end of range. Call put ratio 1.4 calls to 1 put into expected release of quarter results on November 4.

Increasing unusual option volume: ING SIL FLEX IWN CDLX CYH
Increasing unusual call option volume: SIL FLEX VHC AVYA MJ TWNK DNKN SEDG AAP
Increasing unusual put option volume: GES KWEB IBN VTI DISCA MXEF SEDG RDFN MDLA
Options with decreasing option implied volatility: SIRI BGFV CODX TUP FIT APPS PINS TWTR UA UAA FEYE
Active options: AAPL TSLA NIO BABA BAC PYPL AMD MSFT WFC TWTR PLUG AMZN GE JPM FB SNAP BA LYFT C AAL