Pre-Market IV Report April 2, 2024

Pre-Market IV Report April 2, 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: WOLF TSLY SNAP BHC TGTX CVNA ROKU TDOC ALGN PINS QS SQ SOFI TEAM NET SPOT EXPE META GNRC

Stocks expected to have increasing option volume: GE DIS PVH CALM PAYX DAVE ACB CGC TLRY CRON MSOS UNH CNC HUM CVS

Tesla (TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 40 to 66 into quarter delivers report.

NVIDIA (NVDA) 30-day option implied volatility is at 46; compared to its 52-week range of 32 to 68.

Walt Disney (DIS) April weekly call option implied volatility is at 34, April is at 26; compared to its 52-week range of 20 to 38 into Disney 2024 Annual Meeting of Shareholders on April 3, 2024. Call put ratio 1.6 calls to 1 put as share price near 20-month high.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 34; compared to its 52-week range of 25 to 38 as gold trades above $2282.

U.S. finalizes a 3.7% Medicare Advantage rate increase for 2025.

Centene (CNC) 30-day option implied volatility is at 30; compared to its 52-week range of 21 to 35 into U.S. finalizes a 3.7% Medicare Advantage rate increase for 2025.

CVS Health (CVS) 30-day option implied volatility is at 25; compared to its 52-week range of 20 to 35 into U.S. finalizes a 3.7% Medicare Advantage rate increase for 2025.

Humana (HUM) 30-day option implied volatility is at 38; compared to its 52-week range of 17 to 38. Call put ratio 5.6 calls to 1 put.

UnitedHealth Group (UNH) 30-day option implied volatility is at 25; compared to its 52-week range of 15 to 26.

Walgreens Boots Alliance (WBA) 30-day option implied volatility is at 38; compared to its 52-week range of 21 to 55 on 157K contracts.

Cannabis option IV into Supreme Court of Florida approves marijuana measure for November ballot

Canopy Growth (CGC) 30-day option implied volatility is at 191; compared to its 52-week range of 72 to 248. Call put ratio 1.8 calls to 1 put on 59K contracts.

Tilray Brands (TLRY) 30-day option implied volatility is at 121; compared to its 52-week range of 70 to 138. Call put ratio 3.7 calls to 1 puts.

Cronos Group (CRON) 30-day option implied volatility is at 63; compared to its 52-week range of 43 to 118. Call put ratio to 29 calls to 1 put.

Alternative Harvest ETF (MJ) 30-day option implied volatility is at 86; compared to its 52-week range of 35 to 124. Call put ratio 7.1 calls to 1 put.

Aurora Cannabis (ACB) 30-day option implied volatility is at 112; compared to its 52-week range of 20 to 214. Call put ratio 3.5 calls to 1 put on 4K contracts.

AdvisorShares Pure US Cannabis ETF (MSOS) 30-day option implied volatility is at 116; compared to its 52-week range of 53 to 169. Call put ratio 2.5 calls to 1 put.

Movers

Oxford Industries (OXM) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 89 as share price down 3.6%.

C. H. Robinson Worldwide (CHRW) 30-day option implied volatility is at 26; compared to its 52-week range of 19 to 70 as share price near low end of range.

Comstock Resources (CRK) 30-day option implied volatility is at 41; compared to its 52-week range of 37 to 99 with a focus on May 9 puts.

Ishares S&P Global Clean Energy Index Fund (ICLN) 30-day option implied volatility is at 27; compared to its 52-week range of 19 to 33 with a focus on April 14 puts.

Plains GP Holdings (PAGP) 30-day option implied volatility is at 15; compared to its 52-week range of 10 to 71 with a focus on January 20 calls.

Semtech (SSMT) 30-day option implied volatility is at 57; compared to its 52-week range of 36 to 123. Call put ratio 5.7 calls to 1 put as share price up 6.8%.

Guess? (GES) 30-day option implied volatility is at 37; compared to its 52-week range of 26 to 113. Call put ratio 8.9 calls to 1 put with a focus on April 35 calls as share price up 6%.

Shockwave Medical (SWAV) 30-day option implied volatility is at 38; compared to its 52-week range of 30 to 91. Call put ratio 2.6 calls to 1 put.

Safety Shot (SHOT) 30-day option implied volatility is at 191; compared to its 52-week range of 21 to 250. Call put ratio 3.9 calls to 1 put with focus on April weekly calls as share price down 6.6%.

Spotify (SPOT) 30-day option implied volatility is at 53; compared to its 52-week range of 29 to 61.

Options with decreasing option implied volatility: VKTX GME RILY SMH CCL RH WBA DJT
Increasing unusual option volume: PTEN GLYC EVLV NVEI OUST
Increasing unusual call option volume: EVLV GLYC NVEI GES SMTC OUST
Increasing unusual put option volume: EH CRK UWMC GRTS INFY PAYX DOCS
Popular stocks with increasing volume: INTC DAL C BABA TSM SOFI LYFT DAL
Active options: TSLA NVDA AMD MU AMZN PLTR GOOGL AMC MSFT META MARA INTC LYCT GOOG WBA C TSM BABA DAL
Global S&P Futures mixed in premarket, Nikkei down 1%, DAX mixed, WTI Crude oil recently at $85, natural gas mixed, gold at $2285