Mid-session IV Report November 6, 2020

Mid-session IV Report November 6, 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: ACB TLRY CRON PLTR KNDI XPEV

Popular stocks with increasing volume: PTON CGC SQ PLTR TLRY CGC ACB

Cannabis options active, IV up as shares rally

Aurora Cannabis (ACB) November weekly call option implied volatility is at 550, November is at 396; compared to its 52-week range of 91 to 308 into the expected release of quarter results on November 9. Call put ratio 3.8 calls to 1 put as shares rally 64%.

Canopy Growth (CGC) November weekly call option implied volatility is at 260, November is at 100; compared to its 52-week range of 55 to 185 into the expected release of quarter results on November 9. Call put ratio 12 calls to 1 put with focus on November weekly calls as shares rally 10%.

Tilray (TLRY) November weekly call option implied volatility is at 390, November is at 190; compared to its 52-week range of 69 to 288 into the expected release of quarter results after the bell on November 9. Call put ratio 6 calls to 1 put as shares rally 33%.

Cronos Group (CRON) 30-day option implied volatility is at 109; compared to its 52-week range of 54 to 556 as shares rally 17%. Call put ratio 9 calls to 1 put.

HEXO Corp. (HEXO) 30-day option implied volatility is at 183; compared to its 52-week range of 25 to 307. Call put ratio 39 calls to 1 put with focus on November calls as shares rally 29%.

New Age Beverage (NBEV) 30-day option implied volatility is at 118; compared to its 52-week range of 71 to 249 into Trump Biden election. Call put ratio 12 calls to 1 put as shares rally 5%.

Options active into quarter results

Kandi Technologies (KNDI) November call option implied volatility is at 153, December is at 113; compared to its 52-week range of 47 to 355 into the expected release of quarter results on November 9.

Nautilus (NLS) November call option implied volatility is at 120, December is at 110; compared to its 52-week range of 84 to 343 into the expected release of quarter results after the bell on November 9.

Nikola (NKLA) November weekly call option implied volatility is at 84, November is at 125; compared to its 52-week range of 26 to 202 into the expected release of quarter results after the bell on November 9.

Occidental Petroleum (OXY) November weekly call option implied volatility is at 81, November is at 84; compared to its 52-week range of 26 to 202 into the expected release of quarter results after the bell on November 9. Call put ratio 4.7 calls to 1 put with focus on November 11 calls.

Simon Property (SPG) November call option implied volatility is at 61, December is at 48; compared to its 52-week range of 18 to 154 into the expected release of quarter results after the bell on November 9.

Taubman (TCO) November weekly call option implied volatility is at 95, November is at 86; compared to its 52-week range of 13 to 137 into the expected release of quarter results after the bell on November 9.

Workhorse (WKHS) November weekly call option implied volatility is at 130, November is at 151; compared to its 52-week range of 104 to 287 into the expected release of quarter results on November 9.

Biogen (BIIB) November weekly call option implied volatility is at 190, November is at 73; compared to its 52-week range of 25 to 63 into trading halt amid expected FDA panel to discuss Biogen Alzheimer’s application today.

Increasing unusual option volume: ACB TLRY CRON PLTR HEXO SNDL MTG HEXO WMGI OGI CYH ANGI
Increasing unusual put option volume: MTG HEXO OGI MJ GBT ACB ANF ACB
Increasing unusual put option volume: ANGI VGK ACB XPEV WMGI HBI EWG UPWK PLTR WY PLNT
Options with decreasing option implied volatility: SIRI UVXY XERS VIX CODX GPRO LYFT ROKU SPCE PTON GM YELP
Active options: AAPL NIO ACB TRLY TSLA PLTR UBER SQ AMD ROKU SNAP AMZN WFC BABA HEXO FB PTON MSFT CGC BAC