Pre-Market IV Report April 19, 2024

Pre-Market IV Report April 19, 2024

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: SE VEEV ONON STNE DUK NU TTWO AGNC SONY CSCO DE WMT ACI SCHD ISNM PRI CGC WISH VHA CPER

Stocks expected to have increasing option volume: NFLX JBL PARA SONY JWN AXP SAP VZ CDNS NUE TFC ZION WHR

Paramount Global (PARA) 30-day option implied volatility is at 82; compared to its 52-week range of 39 to 87 into NY Times report of joint bid from Sony (SONY), Apollo Global (APO). Call put ratio 4.2 calls to 1 put.

Sony (SONY) 30-day option implied volatility is at 32; compared to its 52-week range of 17 to 34 into NY Times report of joint bid for Paramount Global (PARA) from Sony, Apollo Global.

Nordstrom (JWN) 30-day option implied volatility is at 47; compared to its 52-week range of 37 to 78. Call put ratio 3.7 calls to 1 put amid renewed M&A reports.

Option IV into quarter results

SAP SE (SAP) May 180 straddle priced for a move of 7% into the expected release of quarter results after the bell on April 22.

Verizon (VZ) April weekly 40 straddle priced for a move of 4% into the expected release of quarter results before the bell on April 22.

Cadence Design (CDNS) May 285 straddle priced for a move of 9% into the expected release of quarter results after the bell on April 22.

Truist Financial (TFC) April weekly 35 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 22.

Nucor (NUE) April weekly 190 straddle priced for a move of 4.5% into the expected release of quarter results after the bell on April 22.

Cleveland Cliffs (CLF) April weekly 21 straddle priced for a move of 9% into the expected release of quarter results after the bell on April 22.

Zion Bancorporation (ZION) April weekly 39 straddle priced for a move of 7% into the expected release of quarter results before the bell on April 22.

Whirlpool (WHR) April weekly 104 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on April 22.

Movers

Lyft (LYFT) 30-day option implied volatility is at 92; compared to its 52-week range of 50 to 99.

Elevance Health (ELV) 30-day option implied volatility is at 19; compared to its 52-week range of 17 to 32 on active April and May options.

D. R. Horton (DHI) 30-day option implied volatility is at 31; compared to its 52-week range of 24 to 40.

Equifax (EFX) 30-day option implied volatility is at 29; compared to its 52-week range of 21 to 69 as share price down 8.7%. Call put ratio 1 call to 2.4 puts with focus on April and December puts.

JetBlue Airways (JBLU) 30-day option implied volatility is at 71; compared to its 52-week range of 35 to 108. Call put ratio 2.1 calls to 1 put on active volume of 93K contracts as share price up.

Synovus Financial (SNV) 30-day option implied volatility is at 33; compared to its 52-week range of 25 to 66. Call put ratio 1 call to 3.6 puts as share price down.

Carrier Global (CARR) 30-day option implied volatility is at 34; compared to its 52-week range of 20 to 74 amid active June 45 and 50 puts.

Guggenheim CurrencyShares British Pound Sterling Trust (FXB) 30-day option implied volatility is at 7; compared to its 52-week range of 5 to 45. Call put ratio 1 call to 100 puts with a focus on June and September puts.

Claros Mortgage Trust, Inc. (CMTG) 30-day option implied volatility is at 45; compared to its 52-week range of 22 to 75 amid active May 7.5 puts.

GXO Logistics, Inc. (GXO) 30-day option implied volatility is at 35; compared to its 52-week range of 24 to 79 amid active April 50, May 50 and May 55 calls.

Teucrium Corn Fund (CORN) 30-day option implied volatility is at 18; compared to its 52-week range of 16 to 86. Call put ratio 18 calls to 1 put with focus on May 20 calls.

Bentley Systems Inc. (BSY) 30-day option implied volatility is at 43; compared to its 52-week range of 21 to 77. Call put ratio 12 calls to 1 put with a focus on May 50 and 55 calls into Schneider Electric into talks to take control of Bentley Systems, WSJ reports.

Options with decreasing option implied volatility: IEP BHC BK UAL ALLY TSM MS PGR SCHW UNH JPM
Increasing unusual option volume: BAM INSM GL EFX XLI COMP SMMT GRAB LW
Increasing unusual call option volume: GRAB XLI CL VLY WISH MAT IP HUMA WRAP PPL ANVS
Increasing unusual put option volume: INFY LW EWY HA CARR XLI NU SO CHGG LVS PACB XPO IBRX
Active options: TSLA NVDA AMD AAPL AMZN UAL META ARM AMC SNAP TSM DJT MSFT MU GOOG BAC PLTR COIN PFE
Global S&P Futures down in premarket, Nikkei down 2.5%, DAX down 1%, WTI Crude oil recently at $83, natural gas mixed, gold at $2397