Mid-session IV Report February 23, 2024

Mid-session IV Report February 23, 2024

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By this often over looked information.

Options with increasing option implied volatility: LULU PDD NKE CAN MRVI

Popular stocks with increasing volume: SQ CVNA RIVN SMCI PLTR WBD PANW NIO PYPL BABA BA PFE

Chip stocks option implied volatility decreases as share prices near record high

NVIDIA (NVDA) March weekly call option implied volatility is at 47, March is at 46; compared to its 52-week range of 32 to 68 into NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.

Arm Holdings (ARM) March weekly call option implied volatility is at 96, March is at 124; compared to its 52-week range of 35 to 171 as share price up 4%.

Super Micro Computer (SMCI) March weekly call option implied volatility is at 148, March is at 149; compared to its 52-week range of 54 to 116 as share price down 10%.

Broadcom (AVGO) 30-day option implied volatility is at 41; compared to its 52-week range of 23 to 57. Call put ratio 2 calls to 1 put.

AMD (AMD) 30-day option implied volatility is at 46; compared to its 52-week range of 34 to 58 as share price down 2%.

Intel (INTC) 30-day option implied volatility is at 34; compared to its 52-week range of 28 to 49. Call put ratio 1.4 calls to 1 put.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 28; compared to its 52-week range of 22 to 36.

Option IV as Bitcoin trades above $50,000

Coinbase (COIN) 30-day option implied volatility is at 75; compared to its 52-week range of 59 to 125 as Bitcoin trades above $50,000. Call put ratio 3 calls to 1 put as share price down 3.5%.

Option IV into quarter results

Li Auto (LI) March weekly call option implied volatility is at 86, March is at 68; compared to its 52-week range of 46 to 73 into the expected release of quarter results before the bell on February 26.

Domino’s Pizza (DPZ) March weekly call option implied volatility is at 56, March is at 37; compared to its 52-week range of 20 to 40 into the expected release of quarter results before the bell on February 26.

Workday (WDAY) March weekly call option implied volatility is at 81, March is at 55; compared to its 52-week range of 22 to 48 into the expected release of quarter results after the bell on February 26.

Oneok (OKE) March call option implied volatility is at 26, April is at 21; compared to its 52-week range of 16 to 81 into the expected release of quarter results after the bell on February 26.

Zoom Video (ZM) March weekly call option implied volatility is at 75, March is at 51; compared to its 52-week range of 28 to 77 into the expected release of quarter results after the bell on February 26. Call put ratio 4.8 calls to 1 put.

Unity Software (U) March weekly call option implied volatility is at 135, March is at 91; compared to its 52-week range of 47 to 90 into the expected release of quarter results after the bell on February 26.

Options with decreasing option implied volatility: IOVA PLCE ABR TDS IREN TOST ROKU SEDG TDOC TTD BE RNG ETSY DKNG W DOCN BROS
Increasing unusual option volume: SANA HUYA BMRN INDI CYH FTAI NU FTI AIRS
Increasing unusual call option volume: CYH INDI CART FTAI AER DT IFF SOUN
Increasing unusual put option volume: NU BMRN URA AAOI SOUN CPRT XP AZN SMCI RKT WBD
Active options: NVDA TSLA SQ AMD CVNA META AAPL RIVN AMZN SMCI MSFT PLTR MARA WBD PANW NIO PYPL BABA BA PFE