Mid-Session IV Report September 13, 2017

Mid Session Iv Report

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 implied volatility: ORCL THC AXON EFX ALNY MON NXPI

Options with increasing volume: IBM RDWR TRXC EFX STRL CBRL UNFI FRGI COF REN BAX WEN THC

Nordstrom (JWN) call volume, volatility and share price increase on report Nordstrom family near deal with Leonard Green to go private

Nordstrom (JWN) September call option implied volatility is at 37, October is at 30; compared to its 52-week range of 28 to 56 into CNBC reporting that the Nordstrom family is close to a deal to choose Leonard Green to help fund a buyout of the department store chain.

Kohl’s Corp. (KSS) September call option implied volatility is at 34, October is at 30; compared to its 52-week range of 28 to 52 on reports that the Nordstrom family is close to a deal to choose Leonard Green to help fund a buyout of Nordstrom (JWN). Call put ratio 2.6 calls to 1 put.

Macy’s (M) September call option implied volatility is at 39, October is at 33; compared to its 52-week range of 28 to 58 on reports that the Nordstrom family is close to a deal to choose Leonard Green to help fund a buyout of Nordstrom (JWN). Call put ratio 2.6 calls to 1 put as shares rally 1.3%.

Target (TGT) September call option implied volatility is at 26, October is at 20; compared to its 52-week range of 17 to 36 on reports that the Nordstrom family is close to a deal to choose Leonard Green to help fund a buyout of Nordstrom (JWN). Call put ratio 1.9 calls to 1 put as shares rally 2.9%.

J.C. Penney (JCP) September call option implied volatility is at 48, October is at 49; compared to its 52-week range of 40 to 87 on reports that the Nordstrom family is close to a deal to choose Leonard Green to help fund a buyout of Nordstrom (JWN). Call put ratio 2.4 calls to 1 put as shares rally 1.9%.

Capital One Financial (COF) September call option implied volatility is at 34, October is at 23; compared to its 52-week range of 18 to 32 amid renewed takeover speculation.

Tenet Healthcare (THC) September call option implied volatility is at 65, October is at 61; compared to its 52-week range of 43 to 83 on chatter of conference cancelation. Call put ratio 14.5 calls to 1 put.

IBM (IBM) call put ratio 4.4 calls to 1 put on Watson spin off chatter. September 146 and 147 calls active.

Options with increasing unusual call volume: JWN M TGT KSS OCLR TRXC PTCT KBE REN EFX CBRL T BAC MNKD COH COF THC

Options with increasing unusual put volume: SBUX QQQ MDLZ HSY SPY

Options with decreasing implied volatility: SAGE TLRD CAB ARRY RH FNSR PAY AOBC YNDX