Mid-session IV Report October 22, 2020

Mid-session IV Report October 22, 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: VFF HOME JKS IMMU AXP COF INTC MAT NOVA SPWR

Popular stocks with increasing volume: APA SNAP DKNG AAL PTON PYPL

Solar stocks option volume and IV movement increases as shares pull back into Trump Biden, House & Senate election

First Solar (FSLR) October weekly call option implied volatility is at 64, November is at 70; compared to its 52-week range of 29 to 112. Call put ratio 4.4 calls to 1 put with focus on November weekly 90 and 95 calls into the expected release of quarter results on October 27.

SunPower (SPWR) October weekly call option implied volatility is at 114, November is at 123; compared to its 52-week range of 55 to 145. Call put ratio 3.2 calls to 1 put with focus on November weekly calls.

Sunnova Energy International Inc. (NOVA) October weekly call option implied volatility is at 105, November is at 88; compared to its 52-week range of 91 to 139. Call put ratio 8.2 calls to 1 put.

JinkoSolar (JKS) November call option implied volatility is at 133, December is at 120; compared to its 52-week range of 45 to 145 as shares sell off 9%. Call put ratio 1 call to 2.7 puts into Trump Biden, House & Senate election.

SolarEdge Technologies (SEDG) 30-day option implied volatility is at 78; compared to its 52-week range of 41 to 124 into Trump Biden, House & Senate election. Call put ratio 1 call to 3.3 puts as shares sell off 3%.

Canadian Solar (CSIQ) 30-day option implied volatility is at 93; compared to its 52-week range of 38 to 147 into as shares sell off 4.3% into Trump Biden, House & Senate election.

IV into quarter results and outlook

Capital One (COF) October weekly call option implied volatility is at 88, November is at 49 compared to its 52-week range of 17 to 107 into the expected release of quarter results today after the bell. Call put ratio 2.1 calls to 1 put.

Intel (INTC) October weekly call option implied volatility is at 118, November is at 39; compared to its 52-week range of 20 to 99 into the expected release of quarter results today after the bell. Call put ratio 2.3 calls to 1 put with focus on October weekly 53.50 calls.

Mattel (MAT) October weekly call option implied volatility is at 195, November is at 56; compared to its 52-week range of 36 to 134 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1 put.

American Express (AXP) October weekly call option implied volatility is at 66, November is at 36; compared to its 52-week range of 14 to 123 into the expected release of quarter results before the bell on October 23.

Cleveland Cliffs (CLF) October weekly call option implied volatility is at 130, November is at 71; compared to its 52-week range of 41 to 186 into the expected release of quarter results before the bell on October 23. Call put ratio 4.8 calls to 1 put with focus on October 8 and 8.5 calls.

Illinois Tool Works (ITW) October weekly call option implied volatility is at 66, November is at 33; compared to its 52-week range of 18 to 99 into the expected release of quarter results before the bell on October 23.

Increasing unusual option volume: MTDR VFF APA JKS FEZ ALGN
Increasing unusual call option volume: MTDR VFF ALGN JKS SABR SSYS FLEX TAL
Increasing unusual put option volume: APA TAN SU FEZ JKS ALGN BCLI
Options with decreasing option implied volatility: VOD EDIT NIO PAA CLDR IRBT WLL ACI
Active options: TSLA AAPL SNAP APA T FB NIO AMD DKNG AAL ZM PTON AMZN BAC NFLX GME MSFT INTC PYPL BA