Pre-Market IV Report April 8, 2024

Pre-Market IV Report April 8, 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: ACB TSLY IRBT FSLY CVNA GRPN TGTX SOFI LMND PARA VXX CPRI NET W EXPE TEAM LYFT MRNS WEAT SIGA ADEA BHC PBR GE PAAS BBVA CDW

Stocks expected to have increasing option volume: NVDA SMH BA UAL LUV GDX INTC PARA

Movers

Tesla’s (TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 40 to 66 into Robotaxi unveiling on August 8, 2024.

Boeing (BA) 30-day option implied volatility is at 38; compared to its 52-week range of 22 to 39 into release of deliveries.

Southwest Airlines (LUV) 30-day option implied volatility is at 39; compared to its 52-week range of 25 to 46.

United Airlines (UAL) 30-day option implied volatility is at 52; compared to its 52-week range of 30 to 54 into delays May Investor Day due to safety incidents, Bloomberg says.

Intel (INTC) 30-day option implied volatility is at 47; compared to its 52-week range of 28 to 49.

Paramount Global (PARA) 30-day option implied volatility is at 74; compared to its 52-week range of 40 to 86. Call put ratio 2.4 calls to 1 put on 86K contracts.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 54. Call put ratio 1 call to 2.6 puts.

FCX, GDX, USO option IV as prices near upper end of range

Freeport-McMoran (FCX) 30-day option implied volatility is at 38; compared to its 52-week range of 29 to 46 as share price near two-year 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 $2355.

United States Oil Fund (USO) 30-day option implied volatility is at 30; compared to its 52-week range of 24 to 42 as WTI Crude trades $86.

Solar stocks option IV into solar eclipse

First Solar (FSLR) 30-day option implied volatility is at 54; compared to its 52-week range of 37 to 66 into solar eclipse.

SunPower (SPWR) 30-day option implied volatility is at 123; compared to its 52-week range of 53 to 266 into solar eclipse.

Canadian Solar (CSIQ) 30-day option implied volatility is at 56; compared to its 52-week range of 38 to 71 into solar eclipse. Call put ratio 1 call to 4.2 puts.

Sunrun (RUN) 30-day option implied volatility is at 106; compared to its 52-week range of 60 to 116 into solar eclipse.

SolarEdge Technologies (SEDG) 30-day option implied volatility is at 87; compared to its 52-week range of 41 to 103 into solar eclipse.

Straddle prices into quarter results

Tilray (TLRY) April weekly 2.5 straddle priced for a move of 23% into the expected release of quarter results before the bell on April 9.

Delta Air Lines (DAL) April weekly 46 straddle priced for a move of 7.5% into the expected release of quarter results before the bell on April 10.

Options with decreasing option implied volatility: MANU NNOX RUM EXAS EDR XP DJT
Increasing unusual option volume: ROIV LW MTUM EWG MUB ABUS BMBL ACB PAA SWAV GLYC LEVI EGO VERI
Increasing unusual call option volume: LW ROIV PAA SWAV EGO ACHR ACB ABUS ITUB
Increasing unusual put option volume: ACB LW BMBL EWG MTUM MUB NXE HOG ITUB XLRE ROIV
Popular stocks with increasing volume: INTC PLTR PFE MU XOM COIN SMCI PBR BAC NEM
Active options: TSLA NVDA AMD AMZN META AAPL INTC PLTR PFE MSFT MU XOM COIN GOOGL MARA SMCI PBR BAC GOOG BAC GOOG NEM
Global S&P Futures mixed in premarket, Nikkei mixed to higher, DAX mixed to higher, WTI Crude oil recently at $86, natural gas mixed to lower, gold at $2352