Mid-session IV Report October 8, 2020

Mid-session IV Report October 8, 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: BIIB GRPO SPWR BHC MNST NUE ATEC JMIA INO DDD

Popular stocks with increasing unusual volume: IBM DKNG INTC BYND TSM ROKU EV

November option implied volatility priced higher than October

Duke Energy (DUK) October call option implied volatility is at 25, November is at 26; compared to its 52-week range of 12 to 99 into hosting a virtual investor day on October 9. Call put ratio 3.3 calls to 1 put with focus on October 92.50 calls.

Apple (AAPL) October weekly call option implied volatility is at 40, October is at 43, November is at 48; compared to its 52-week range of 18 to 90 into hosting a special event on Oct. 13, which is likely the 5G iPhone. Call put ratio 2.5 calls to 1 put with focus on October weekly 115 calls.

Amazon (AMZN) October weekly and October option implied volatility is at 38, November is at 50; compared to its 26-week range of 17 to 69 into Prime Day event on October 13 & 14.

Target (TGT) October weekly and October option implied volatility is at 28, November is at 36; compared to its 52-week range of 19 to 91 into Target Deal Days on October 13 & 14. Call put ratio 2.7 calls to 1 put.

Best Buys (BBY) October weekly and October option implied volatility is at 31, November is at 38; compared to its 52-week range of 23 to 107 into Best Buys Black Friday on October 13 & 14.

Biogen (BIIB) October weekly call option implied volatility is at 26, October is at 27, November is at 83; compared to its 52-week range of 25 to 63 into a FDA panel to discuss Biogen Alzheimer’s application on November 6. Call put ratio 1 call to 1.2 put.

U.S. Global Jets ETF (JETS) October weekly call option implied volatility is at 44, October is at 49, November is at 56; compared to its 52-week range of 14 to 204 amid shares down 40% for year.

Beyond Meat (BYND) October weekly call option implied volatility at 67, October is at 62, November is at 82; compared to its 52-week range of 47 to 130 as shares rally 3.8%. Call put ratio 3.4 calls to 1 put with focus on October weekly 200 calls.

Bank of OZK (OZK) October call option implied volatility is at 41, November is at 45; compared to its 52-week range of 24 to 142 into the expected release of quarter results on October 22. Call put ratio 1 call to 20 puts with focus on October 22.50 puts.

Farfetch Limited (FTCH) October call option implied volatility is at 67, November is at 91; compared to its 52-week range of 58 to 126. Call put ratio 3.2 calls to 1 put with focus on October 29 calls.

IBM (IBM) 30-day option implied volatility is at 53, October is at 32, November is at 31; compared to its 52-week range of 15 to 84 after announcing to spin-off Managed Infrastructure Services Unit. Call put ratio 3 calls to 1 put.

Increasing unusual option volume: AXTA CYTK ICLN HUN JKS DPZ EXC IBM EV MS
Increasing unusual call option volume: CYTK ICLN AXTA CSTM GBT DPZ EMB EXC JKS
Increasing unusual put option volume: JKS TAN DPZ CSIQ EXC XME SPWR BCLI LQD YNDX
Options with decreasing option implied volatility: HPE MYL NKLA CLDR CRON
Active options: AAPL TSLA NIO FB T AMD AAL ROKU AMZN MSFT PLUG IBM TSM INTC BYND BA DKNG UBER GE BABA