Mid-session IV Report September 18, 2018

Mid-session IV Report September 18, 2018

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 overlooked information.

Options with increasing option implied volatility: VKTX ATHN FIT SPWR UNP AIMC SONO UNP TLRY GE RDFN UNP EWJ SONO

Active options with increasing volume: CRON TLRY CGC SGMS SEAS

Tesla (TSLA) option implied volatility increases as shares sell off on Bloomberg headline to face criminal

Tesla (TSLA) September call option implied volatility is at 91, October is at 65; compared to its 52-week range of 32 to 71 after Bloomberg reported to face criminal probe from DOJ over Musk tweet.

iShares 20+ Year Treasury Bond Fund (TLT) September call option implied volatility is at 9, October is at 8; compared to its 52-week range of 8 to 16 as rates trend higher into Fed Policy outlook at next FOMC meeting September 25, 26. Call put ratio 2.1 calls to 1 put.

SeaWorld Entertainment (SEAS) call put ratio 1 call to 54 puts with focus on September 30 puts on Bloomberg headline sued by SEC for lack of disclosing ‘Blackfish’ impact

Cannabis stocks IV and volume bid as shares trade higher

Tilray, Inc. (TLRY) September call option implied volatility is at 225, October is at 181; compared to its 52-week range of 68 to 176. Call put ratio 1.6 calls to 1 put.

Cronus Corporation (CRON) September call option implied volatility is at 128, October is at 114; compared to its 52-week range of 71 to 164. Call put ratio 4 calls to 1 put with focus on September 11.50, 12 and 12.50 calls.

Canopy Growth (CGC) September call option implied volatility is at 101, October is at 92; compared to its 52-week range of 57 to 104. Call put ratio 2.1 calls to 1 put.

Athenahealth (ATHN) September call option implied volatility is at 56, October is at 44; compared to its 52-week range of 26 to 59 after a report that Elliott Management has backed away from its $160 per share bid for the company.

GoPro (GPRO) September call option implied volatility is at 67, October is at 55; compared to its 52-week range of 43 to 110 into a product launch webcast on September 20.

Scientific Games (SGMS) call put ratio 8.6 calls to 1 put with focus on September calls as shares rally 4.5%

Increasing unusual call option volume: TMF DXJ NBEV FSM PSTI GIS GGB UNM FTV LH KODK SGMS EL
Increasing unusual put option volume: SEAS KOS VKTX GGB EL PX CBRL FTV CVE MDT
Popular stocks with increasing unusual option volume: GIS TEVA PBR
Options with decreasing option implied volatility: ORCL FDX GIS VKTX AZO RARE
Active options: AMD AAPL MU BABA PBR FTV GE FB BAC AMZN TLRY NFLX ORCL TSLA GIS INTC MSFT TEVA JD NVDA