Bulls score fast gains

Market-wide option volume of 29.7m contracts was 4% below recent average levels, with calls leading puts 14 to 9. Index products and single stocks saw relatively heavy volume, while ETF flow was moderate. Most active sectors included Consumer Goods, Telecommunications and Technology while Oil & Gas and Utilities were relatively light. Of the 3,579 stocks with listed options, 2,380 (66%) closed higher, and 945 (26%) lower. Among the 500 most liquid single stocks, 30day implied volatility was lower for 422 and higher for 24. Unusual total options volume was observed in WORK, F, NKLA, PTON and LULU.

The following report is a snapshot of noteworthy changes in stock and options 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:

T CHWY TIF FLR ORCL LCA BGCP SAVE OPK SHLL TSLA OSTK GME MNST INO UCO

Options with decreasing option implied volatility:

ZM CRM CRBP CIEN KODK CLVS RKT DOCU HOME

Options expected to have increasing volume:

PTON CHWY ORCL RH GME KR NCNO TSLA ZM

Increasing unusual call option volume:

BGCP KODK FCAU TIF ACM AKBA NLS AEO

Increasing unusual put option volume:

KODK CXO ITCI GOGO QRVO BIGC MAT BKLN TOL WORK

Straddle prices for stocks expected to report quarterly results this week

Peloton Interactive (PTON) September weekly 91 straddle priced for a move of 20% into the expected release of quarter results today

Chewy (CHWY) September weekly 61 straddle priced for a move of 14% into the expected release of quarter results today after the bell

Kroger (KR) September weekly 35 straddle priced for a move of 7% into the expected release of quarter results before the bell on September 11

Notable bettings toward broader market indices ETF on 9/9

Individuals breakdown by sectors (9/9 notable bets)

Tech

Industrial

Healthcare

Financial

Communication Services

Consumer Cyclical

Consumer Defensive

Energy

Basic Materials

Real Estate

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