Pre-Market IV Report February 1, 2024

Pre-Market IV Report February 1, 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: NYCB IOVA AI U PARA OKTA SNOW DELL NTAP ZM CPNG WDAY DPZ BBY CRM TJX BUD IMGN ROST

Stocks expected to have increasing option volume: AMZN AAPL QCOM XOM CHTR CVX ABBV

Straddle prices into release quarter results

Apple (AAPL) February weekly 185 straddle priced for a move of 4% into the expected release of quarter results today after the bell.

Amazon (AMZN) February weekly 155 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

Meta (META) February weekly 390 straddle priced for a move of 7.5% into the expected release of quarter results today after the bell.

Merck (MRK) February weekly 121 straddle priced for a move of 3% into the expected release of quarter results today before the bell.

Exxon Mobil (XOM) February weekly 103 straddle priced for a move of 2.5% into the expected release of quarter results before the bell on February 2.

AbbVie (ABBV) February weekly 165 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on February 2.

Chevron (CVX) February weekly 148 straddle priced for a move of 2.5% into the expected release of quarter results before the bell on February 2.

Bristol-Meyers Squib (BMY) February weekly 49 straddle priced for a move of 5% into the expected release of quarter results before the bell on February 2.

Cigna (CI) February weekly 300 straddle priced for a move of 4% into the expected release of quarter results before the bell on February 2.

Charter Communications (CHTR) February weekly 370 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on February 2.

Option IV movers

Iovance Biotherapeutics (IOVA) 30-day option implied volatility is at 201; compared to its 52-week range of 51 to 201 into lifileucel’s FDA action date on February 24, 2024. Call put ratio 1.3 calls to 1 put.

Utz Brands (UTZ) 30-day option implied volatility is at 40; compared to its 52-week range of 22 to 57 with a focus on February 17.50 and March 20 calls.

Ritchie Bros. Auctioneers (RBA) 30-day option implied volatility is at 31; compared to its 52-week range of 19 to 72 with a focus on March 67.50 and 75 calls.

Rockwell Automation (ROK) 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 67. Call put ratio 1 call to 1 put on 7K contracts.

Flex (FLEX) 30-day option implied volatility is at 43; compared to its 52-week range of 20 to 85 on active volume of February 22 puts.

Novocure (NVCR) 30-day option implied volatility is at 71; compared to its 52-week range of 44 to 139 on active option volume of 11K contracts with a focus on April options.

New York Community Bancorp (NYCB) 30-day option implied volatility is at 83; compared to its 52-week range of 18 to 117. Call put ratio 1 call to 1.1 puts on 148K contracts as share price down.

U.S. Steel (X) 30-day option implied volatility is at 14; compared to its 52-week range of 9 to 61. Call put ratio 1 call to 1.7 puts on 31K contracts.

Powell Industries (POWL) 30-day option implied volatility is at 54; compared to its 52-week range of 33 to 96.

Options with decreasing option implied volatility: DWAC IRBT SOFI LQDA XRX SMCI MTCH WDC TEVA STX TSLA SBUX INTC EA UPS CMCSA IBM WHR NVO
Increasing unusual option volume: NYCB ITUB VLY PTEN RUM ROK IRWD VIST
Increasing unusual call option volume: RUM NYCB EU YUM NVCR DWAC RBA HRTX NSC
Increasing unusual put option volume: NYCB PTEN VLY THC GOOS RUM DWAC HBAN
Popular stocks with increasing volume: BA SOFI C PLUG NIO BAC SBUX NKLA INTC SMCI
Active options: AMD TSLA MSFT NVDA GOOGL AAPL AMZN BA SOFI GOOG C PLUG MARA META NIO BAC SBUX NKLA INTC SMCI
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $76, natural gas up 2%, gold at $2058