Pre-Market IV Report April 22, 2024

Pre-Market IV Report April 22, 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: CPRI CGC STLA VEEV JBL PLD CYTK NVDA AGNC ACI WMT ARM NVDS NVDL JBL MANU INCY OKE GFL ENB DBA HTGC ARCC SWAV

Stocks expected to have increasing option volume: TSLA NVDA SMCI ARM VZ SAP CDNS TFC UE CLF ZION WHR V CRM INFA

TSLA option IV into quarter results and outlook

Tesla (TSLA) 30-day option implied volatility is at 62; compared to its 52-week range of 40 to 66 as share price trades below $145 before the bell.

NVIDIA (NVDA) 30-day option implied volatility is at 56; compared to its 52-week range of 32 to 68.

Super Micro Computer (SMCI) 30-day option implied volatility is at 109; compared to its 52-week range of 54 to 117.

Arm Holdings (ARM) 30-day option implied volatility is at 88; compared to its 52-week range of 35 to 171. Call put ratio 1 call to 2.3 puts.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 35; compared to its 52-week range of 22 to 54. Call put ratio 1 call to 2.4 put.

UnitedHealth Group (UNH) 30-day option implied volatility is at 20; compared to its 52-week range of 15 to 30 into CEO to testify at May 1 House Panel hearing.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 17; compared to its 52-week range of 12 to 25 after bank results and guidance.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 35; compared to its 52-week range of 25 to 40 as gold trades $2372. Call put ratio 1 call to 1 put.

United States Oil Fund (USO) 30-day option implied volatility is at 28; compared to its 52-week range of 24 to 42 as WTI crude trades $82. Call put ratio 2.8 calls to 1 put with focus on April calls.

Option IV into quarter results

Tesla (TSLA) April weekly 147 straddle priced for a move of 10% into the expected release of quarter results after the bell on April 23.

Pepsico (PEP) April weekly 175 straddle priced for a move of 3% into the expected release of quarter results before the bell on April 23.

GE Aerospace (GE) April weekly 148 straddle priced for a move of 6% into the expected release of quarter results before the bell on April 23.

Novartis (NVS) May 95 straddle priced for a move of 5% into the expected release of quarter results before the bell on April 23.

Danaher (DHR) April weekly 235 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 23.

Texas Instruments (TXN) April weekly 160 straddle priced for a move of 5.5% into the expected release of quarter results after the bell on April 23.

RTX (RTX) April weekly 101 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 23.

Philip Morris (PM) April weekly 94 straddle priced for a move of 4% into the expected release of quarter results before the bell on April 23.

United Parcel Service (UPS) April weekly 143 straddle priced for a move of 5% into the expected release of quarter results before the bell on April 23.

Lockheed Martin (LMT) April weekly 465 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on April 23.

Chubb (CB) May 250 straddle priced for a move of 4% into the expected release of quarter results before the bell on April 23.

Fiserv (FI) April weekly 149 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 23.

Canadian National Railway (CNI) May 125 straddle priced for a move of 4.5% into the expected release of quarter results after the bell on April 23.

Freeport-McMoran (FCX) April weekly 49 straddle priced for a move of 5% into the expected release of quarter results before the bell on April 23.

Spotify (SPOT) April weekly 275 straddle priced for a move of 10% into the expected release of quarter results before the bell on April 23.

General Motors (GM) April weekly 42 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on April 23.

Kimberly-Clark (KMB) April weekly 127 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on April 23.

Halliburton (HAL) April weekly 39 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on April 23.

Baker Hughes (BKR) May 33 straddle priced for a move of 6% into the expected release of quarter results before the bell on April 23.

PulteGroup (PHM) April weekly 105 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on April 23.

Seagate (STX) April weekly 82 straddle priced for a move of 7% into the expected release of quarter results after the bell on April 23.

Steel Dynamics (STLD) May 135 straddle priced for a move of 8% into the expected release of quarter results after the bell on April 23.

Movers

Exelon Corp. (EXC) 30-day option implied volatility is at 21; compared to its 52-week range of 15 to 63 with focus on May 38 calls and June 39 calls.

HUYA Inc. (HUYA) 30-day option implied volatility is at 72; compared to its 52-week range of 35 to 118 with focus on May 5 calls.

Papa John’s (PZZA) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 82 with focus on April 62.50 puts and June 57.50 puts.

TripAdvisor (TRIP) 30-day option implied volatility is at 52; compared to its 52-week range of 30 to 67 amid active option volume of 12K contracts.

Options with decreasing option implied volatility: UAL IEP UAL ABR BK ALLY ISRG AXP TSM ALK OZK UNH
Increasing unusual option volume: FMX HUN PZZA VYM MUB DYN STLA HUYA
Increasing unusual call option volume: STLA VYM HUYA WES JNPR GPRE GLYC DJX REKR
Increasing unusual put option volume: INFY PZZA MUB STNE IP IBL ALTM SPCE GEO BMRN
Popular stocks with increasing volume: SMCI ARM BAC TSM MU AMC PLTR SNAP COIN
Active options: NVDA TSLA AAPL AMD AMZN NFLX META SMCI MSFT ARM BAC TSM MARA MU AMC PLTR SNAP COIN DJT GOOGL
Global S&P Futures mixed in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $81, natural gas down 1%, gold at $2372