Mid-session IV Report September 16, 2020

Mid-session IV Report September 16, 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: KODK LTHM NKLA

Popular stocks with increasing unusual volume: NKLA WKHS TIF TWTR ADBE ROKU INO BYND

Facebook (FB) September call option implied volatility is at 45, October is at 40; compared to its 52-week range of 21 to 82 amid renewed DOJ reports.

Microsoft (MSFT) September call option implied volatility is at 37, October is at 33, November is at 37; compared to its 52-week range of 15 to 90 into two new Xbox models rollout on November 10.

Boeing (BA) September call option implied volatility is at 55, October is at 53; compared to its 52-week range of 23 to 221 amid renewed 737 Max headlines. Call put ratio 2 calls to 1 put with focus on September 165 calls.

Digital wagering and entertainment IV as DraftKings (DKNG) moves up

Penn National Gaming (PENN) September call option implied volatility is at 98, October is at 88; compared to its 52-week range of 29 to 435. Call put ratio 2.7 calls to 1 put with focus on September 70 calls.

DraftKings (DKNG) September option implied volatility is at 120, October is at 90; compared to its 52-week range of 54 to 142 as shares rally 9.5%. Call put ratio 5.3 calls to 1 put with focus on September 55 calls.

MGM Resorts (MGM) September call option implied volatility is at 65, October is at 62; compared to its 52-week range of 22 to 337 as shares sell off 3.3%. Call put ratio 1.3 calls to 1 put.

Wynn Resorts Ltd (WYNN) September call option implied volatility is at 70, October is at 64; compared to its 52-week range of 31 to 216 as shares sell off 5%.

Las Vegas Sands (LVS) September call option implied volatility is at 48, October is at 47; compared to its 52-week range 22 to 179 as shares sell off 2.1%. Call put ratio 7 calls to 1 put with focus on October (2) weekly calls.

Caesars Entertainment (CZR) September call option implied volatility is at 75, October is at 71; compared to its 52-week range 30 to 423. Call put ratio 4 calls to 1 put with focus on September 60 calls.

Melco Resorts (MLCO) September call option implied volatility is at 58, October is at 54; compared to its 52-week range of 32 to 158. Call put ratio 1 call to 6.8 puts with focus on October 16 puts.

Luxury retailers, Capri (CPRI) and Tapestry (TPR) calls active as shares trend higher

Capri Holdings Limited (CPRI) September option implied volatility is at 77, October is at 72; compared to its 52-week range of 33 to 156 as shares rally 5.%. Call put ratio 9 calls to 1 put with focus on September 22 calls.

Tapestry (TPR) September call option implied volatility is at 63, October is at 56; compared to its 52-week range of 28 to 182 as shares rally 9.6%. Call put ratio 16 calls to 1 put with focus on September 18 calls.

Bank IV bid into FOMC policy decision

Bank of America (BAC) September calls option implied volatility is at 39, October is at 38; compared to its 52-week range of 17 to 124 into the Fed policy decision. Call put ratio 1 call to 2.6 puts with focus on September 25 puts.

Financial Select Sector SPDR ETF (XLF) September calls option implied volatility is at 27, October is at 26; compared to its 52-week range of 13 to 111 into the Fed policy decision. Call put ratio 1 call to 4.1 puts.

Proshares Trust Ultrashort Lehman 20+ Year Treasury (TBT) September calls option implied volatility is at 41, October is at 30; compared to its 52-week range of 20 to 109. Call put ratio 4.9 calls to 1 put with focus on September 16 calls.

iShares 20+ Year Treasury Bond ETF (TLT) September call option implied volatility is at 22, October is at 13; compared to its 52-week range of 10 to 48.

Spdr S&P Regional Banking Etf (KRE) September calls option implied volatility is at 40, October is at 39; compared to its 52-week range of 17 to 127.

Spdr S&P Bank Etf (KBE) September calls option implied volatility is at 41, October is at 35; compared to its 52-week range of 16 to 125.

Fastly (FSLY) 30-day call option implied volatility is at 89; compared to its 52-week range of 53 to 146.

Increasing unusual option volume: BKLN AMCX MTSI GBT MRNS TPR LAC FDX CPRI TPR NKLA
Increasing unusual call option volume: TPR XPO FDX LAC CHRW AMCX
Increasing unusual put option volume: MLCO GOGO FDX TIF IMMU KODK
Options with decreasing option implied volatility: FDX ADBE CRON CGC IMMU GME PTON PLAY ZS RH AAL KR
Active options: AAPL TSLA DKNG FDX KODK BAC NIO NKLA FB C INO ROKU ADBE BYND TIF TWTR NFLX WKHS MSFT