Pre-Market IV Report April 3, 2024

Pre-Market IV Report April 3, 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: BHC PHUN TGTX WOLF SOFI AGQ TEAM SQ NET LMND FSLY EXPE RBLX FTNT GNRC EL DKNG PINS ANET ACB PLCE VERV AGL SIGA HBI

Stocks expected to have increasing option volume: INTC PLAY CAMP BB

Gold trends higher

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 35; compared to its 52-week range of 25 to 38 as gold trades above $2295.

iShares Silver Trust (SLV) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 34. Call put ratio 6.7 calls to 1 put with focus on April calls.

United States Oil Fund (USO) 30-day option implied volatility is at 26; compared to its 52-week range of 24 to 42 as WTI Crude trades $84.70.

Energy Select Sector SPDR ETF (XLE) 30-day option implied volatility is at 19; compared to its 52-week range of 16 to 31 as WTI Crude trades $85.

NVIDIA (NVDA) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 68.

Intel (INTC) 30-day option implied volatility is at 48; compared to its 52-week range of 28 to 49 into discloses $7B operating loss in Foundry unit for FY23.

Taiwan Semi (TSM) 30-day option implied volatility is at 43; compared to its 52-week range of 22 to 48.

Super Micro Computer (SMCI) 30-day option implied volatility is at 94; compared to its 52-week range of 54 to 117.

Walt Disney (DIS) April weekly call option implied volatility is at 34, April is at 25; compared to its 52-week range of 20 to 38 into Disney 2024 Annual Meeting today. Call put ratio 1.9 calls to 1 put.

Trump Media & Technology Group (DJT) April weekly call option implied volatility is at 190, April is at 175. Call put ratio 1 call to 1 put.

Straddle prices into quarter results

Levi Strauss (LEVI) April 19 straddle priced for a move of 12% into the expected release of quarter results after the bell on April 3.

BlackBerry (BB) April weekly 3 straddle priced for a move of 19% into the expected release of quarter results before the bell on April 3.

Lamb Weston (LW) April 100 straddle priced for a move of 6% into the expected release of quarter results before the bell on April 4.

ConAgra (CAG) April weekly 29.50 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 4.

Movers

Papa John’s (PZZA) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 82 with focus on May 57.50 puts.

Charles River Laboratories (CRL) 30-day option implied volatility is at 32; compared to its 52-week range of 25 to 76 with a focus on May 230 puts.

Universal Health (UHS) 30-day option implied volatility is at 28; compared to its 52-week range of 19 to 73 with a focus on May 170 puts.

NOV Inc (NOV) 30-day option implied volatility is at 33; compared to its 52-week range of 27 to 84 with a focus on July 22 calls.

Estee Lauder (EL) 30-day option implied volatility is at 47; compared to its 52-week range of 23 to 73.

Options with decreasing option implied volatility: EDR WBA PBR MANU RH CCCC VKTX GME RILY SMH CCL RH WBA DJT
Increasing unusual option volume: PVH OUST CRBG LEVI PLAY UWMC EWU NOV
Increasing unusual call option volume: NOV OUST PAA GRFS EVLV UWMC LEVI VLD ROIV ACB PLAY
Increasing unusual put option volume: GOEV UWMC NKLA PLAY CG PVH PAYX AKBA DKS APLS
Popular stocks with increasing volume: MU XOM BAC FCX COIN C HOOD AMC WMT
Active options: TSLA NVDA AAPL AMD PLTR NKLA META AMZN GOOGL MSFT MU MARA XOM BAC FCX COIN C HOOD AMC WMT
Global S&P Futures mixed in premarket, Nikkei down 1%, DAX mixed, WTI Crude oil recently at $85, natural gas mixed, gold at $2295