Mid-session IV Report September 30, 2020

Mid-session IV Report September 30, 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: CLR MESO BBBY BIIB REGI IMMU

Popular stocks with increasing unusual volume: ZM BYND SPCE T NCLH CCL

Bed Bath & Beyond (BBBY) October weekly call option implied volatility is at 210, October is at 115, November is at 93; compared to its 52-week range of 47 to 214 into the expected release of quarter results before the bell on October 1. Call put ratio 1.5 calls to 1 put.

Airline calls active as shares rally after Treasury Secretary Steven Mnuchin said during an interview on CNBC that he is “hopeful” aid deal can be reached, doesn’t see separate deal for airlines.

Delta (DAL) 30-day option implied volatility is at 65; compared to its 52-week range of 20 to 265 as shares rally 2.8%. Call put ratio 2.3 calls to 1 put with focus on October weekly (2) calls.

Southwest Airlines (LUV) 30-day option implied volatility is at 57; compared to its 52-week range of 17 to 204 as shares rally 2.3%. Call put ratio 2.8 calls to 1 put with focus on October weekly (2) calls.

American Airlines (AAL) 30-day option implied volatility is at 88; compared to its 52-week range of 29 to 293 as shares rally 3.4%. Call put ratio 2 calls to 1 put with focus on October weekly (2) 12 calls.

United Airlines (UAL) 30-day option implied volatility is at 85; compared to its 52-week range of 20 to 421. Call put ratio 4.4 calls to 1 put with focus on October weekly calls.

Alaska Airlines (ALK) 30-day option implied volatility is at 61; compared to its 52-week range of 21 to 234. Call put ratio 3 calls to 1 put.

Allegiant Air (ALGT) 30-day option implied volatility is at 59; compared to its 52-week range of 21 to 216.

Hawaiian Airlines (HA) 30-day option implied volatility is at 75; compared to its 52-week range of 31 to 274.

JetBlue Airways (JBLU) 30-day option implied volatility is at 42; compared to its 52-week range of 23 to 221. Call put ratio 6.6 calls to 1 put.

SkyWest Airlines (SKYW) 30-day option implied volatility is at 41; compared to its 52-week range of 21 to 107.

Spirit Airlines (SAVE) 30-day option implied volatility is at 89; compared to its 52-week range of 31 to 370. Call put ratio 3.7 calls to 1 put.

U.S. Global Jets ETF (JETS) 30-day option implied volatility is at 55; compared to its 52-week range of 14 to 204. Call put ratio 4.3 calls to 1 put with focus on October weekly calls.

Cruise Line upgrades

Norwegian Cruise Line (NCLH) October weekly call option implied volatility is at 95, October is at 89; compared to its 52-week range of 20 to 267 as shares rally 7%. Call put ratio 2.9 calls to 1 put with focus on October weekly calls.

Carnival Corp. (CCL) October weekly call option implied volatility is at 87, October is at 81; compared to its 52-week range of 18 to 267. Call put ratio 6.5 calls to 1 put as shares rally 3.5%.

Royal Caribbean Cruises (RCL) October weekly call option implied volatility is at 77, October is at 74; compared to its 52-week range of 20 to 271 as shares rally 4.5%. Call put ratio 2.3 calls to 1 put.

Canada Goose (GOOS) October weekly call option implied volatility is at 58, October is at 51; compared to its 52-week range of 38 to 119 as shares rally 10.5% after an upgrade from Cowen. Call put ratio 4.5 calls to 1 put with focus on December and January calls.

Duke Energy (DUK) October call option implied volatility is at 23, November is at 24; compared to its 52-week range of 12 to 99 after NextEra Energy (NEE) made a takeover approach to Duke Energy, WSJ reports. Call put ratio 1.4 calls to 1 put.

NextEra Energy (NEE) October call option implied volatility is at 28, November is at 30; compared to its 52-week range of 14 to 90 after a WSJ report NextEra made a takeover approach to Duke Energy (DUK). Call put ratio 1.7 calls to 1 put as shares sell off 5%.

Increasing unusual option volume: KDP ELAN LAC AAN LIN DUK MAR
Increasing unusual call option volume: ELAN LIN LAC DUK REGI
Increasing unusual put option volume: SBSW DUK MSI LIN ABB UNFI
Options with decreasing option implied volatility: INO MU TLRY EDIT UNFI DISH
Active options: AAPL NIO TSLA BABA MU BA AMD AAL NVDA CCL FB AMZN MSFT ZM BYND NKLA BAC NCLH SPCE T