Mid-session IV Report September 11, 2020

Mid-session IV Report September 11, 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: NKLA UCO QRTEA LAUR FLR CLDR DAL FEYE FIT LMT

Popular stocks with increasing unusual volume: NKLA WKHS NIO ZM AAL CHWY KHC

Nikola (NKLA) September weekly call option implied volatility is at 345, September is at 241; compared to its 52-week range of 67 to 305 after Citron endorsed Hindenburg short report. Call put ratio 1 call to 2.6 puts with focus on September 30 puts.

Kraft Heinz (KHC) September call option implied volatility is at 52, October is at 37; compared to its 52-week range of 20 to 89 into investor day on September 15. Call put ratio 18 calls to 1 put with focus on October 32.50 and 35 calls.

GSX Techedu Inc. (GSX) September call option implied volatility is at 79, October is at 84; compared to its 52-week range 61 to 168. Call put ratio 1 call to 6.8 puts with focus on September 70 and 75 puts as shares rally 2.5%.

Option implied volatility for Entertainment and Gaming Resorts

Wynn Resorts Ltd (WYNN) 30-day option implied volatility is at 66; compared to its 52-week range of 31 to 216. Call put ratio 2.1 calls to 1 put. With focus on September weekly and September 84 calls.

Las Vegas Sands (LVS) 30-day option implied volatility is at 52; compared to its 52-week range of 22 to 180. Call put ratio 1.5 calls to 1 put.

MGM Resorts (MGM) 30-day option implied volatility is at 68; compared to its 52-week range of 20 to 337

Caesars Entertainment (CZR) 30-day option implied volatility is at 79; compared to its 52-week range of 30 to 413. Call put ratio 2.3 calls to 1 put.

Melco Resorts (MLCO) 30-day option implied volatility is at 60; compared to its 52-week range of 32 to 158. Call put ratio 50 calls to 1 put.

Penn National Gaming (PENN) 30-day option implied volatility is at 90; compared to its 52-week range of 29 to 436. Call put ratio 1.8 calls to 1 put.

DraftKings (DKNG) 30-day option implied volatility is at 92; compared to its 52-week range of 54 to 143. Call put ratio 3.9 calls to 1 put with focus on September 43 calls.

Roundhill Sports Betting & iGaming ETF (BETZ) 30-day option implied volatility is at 49; compared to its 52-week range of 41 to 110

Boyd Gaming (BYD) 30-day option implied volatility is at 59; compared to its 52-week range of 26 to 261

Century Casinos (CNTY) 30-day option implied volatility is at 97; compared to its 52-week range of 32 to 282

Monarch Casino & Resort (MCRI) 30-day option implied volatility is at 58; compared to its 52-week range of 22 to 195

Red Rock Resorts (RRR) 30-day option implied volatility is at 85; compared to its 52-week range of 31 to 379

Golden Entertainment (GDEN) 30-day option implied volatility is at 80; compared to its 52-week range of 36 to 267

Increasing unusual option volume: DVA AES HUN EQR LAUR BKLN CX PTON NKLA ALLY PDD CPRI FIT GOGO STNG AG
Increasing unusual call option volume: AES DVA CX PTON KHC ORCL
Increasing unusual put option volume: EQR GOGO FLR ALLY BKLN YNDX EIX PTON NKLA CHWY
Options with decreasing option implied volatility: ITCI CGC GME AEO DOCU PTON PLAY
Active options: AAPL TSLA PTON NKLA AMD FB ORCL MSFT AMZN BA BAC NVDA CHWY NIO UBER NFLX ZM BABA AAL INTC