Pre-Market IV Report February 2, 2024

Pre-Market IV Report February 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: OKTA DELL NTAP IOVA NYCB ZION WDAY DPZ BUD TJX X ARCC VKTX NYCB MOR BANC LFST WBS CGC VFS KW CASH DPST

Stocks expected to have increasing option volume: META AMZN AAPL XOM ABBV CVX REGN BMY CI CHTR CHD PINS DOCU NVDA DECK INTC SKX

Option IV as QQQ up before the bell on AMZN & META into January employment report

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 16; compared to its 52-week range of 14 to 29 into AMZN and META trading up before the bell.

SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 34; compared to its 52-week range of 21 to 81. Call put ratio 1 call to 1.9 puts.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 30; compared to its 52-week range of 24 to 40. Call put ratio 2.9 calls to 1 put as gold trades above $2070.

DocuSign Inc. (DOCU) 30-day option implied volatility is at 41; compared to its 52-week range of 30 to 84. Call put ratio 3.3 calls to 1 put.

Straddle prices into release quarter results

McDonald’s (MCD) February weekly 298 straddle priced for a move of 3% into the expected release of quarter results before the bell on February 5.

Caterpillar (CAT) February weekly 307 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on February 5.

Estee Lauder (EL) February weekly 134 straddle priced for a move of 8.5% into the expected release of quarter results before the bell on February 5.

Simon Property (SPG) February 140 straddle priced for a move of 4% into the expected release of quarter results after the bell on February 5.

Tyson Foods (TSN) February weekly 56 straddle priced for a move of 7% into the expected release of quarter results before the bell on February 5.

ON Semiconductor (ON) February weekly 70 straddle priced for a move of 9% into expected release of quarter results before the bell on February 5.

Palantir Technology (PLTR) February weekly 16 straddle priced for a move of 13% into the expected release of quarter results after the bell on February 5.

Eli Lilly (LLY) February weekly 660 straddle priced for a move of 6% into the expected release of quarter results before the bell on February 6.

Bulk Shipping option IV amid headlines

ZIM Integrated Shipping (ZIM) 30-day option implied volatility is at 90; compared to its 52-week range of 37 to 113 amid Israel-Hamas ceasefire reports. Call put ratio 3.7 calls to 1 put.

Nordic American Tanker (NAT) 30-day option implied volatility is at 50; compared to its 52-week range of 32 to 64. Call put ratio 3.1 calls to 1 put.

Star Bulk Carriers (SBLK) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 78. Call put ratio 1 call to 2.2 puts.

Frontline (FRO) 30-day option implied volatility is at 42; compared to its 52-week range of 31 to 273. Call put ratio 4.8 calls to 1 put.

Scorpio Tankers (STNG) 30-day option implied volatility is at 47; compared to its 52-week range of 33 to 65. Call put ratio 2.1 calls to 1 put on 21K contracts.

Movers

Nextracker (NXT) 30-day option implied volatility is at 53; compared to its 52-week range of 22 to 97. Call put ratio 1.9 calls to 1 put on 21K option contracts as share price up.

Sphere Entertainment (SPHR) 30-day option implied volatility is at 68; compared to its 52-week range of 38 to 111. Call put ratio 30 calls to 1 put with focus on February weekly (9) 38 calls.

Parker-Hannifin (PH) 30-day option implied volatility is at 21; compared to its 52-week range of 19 to 75 as share price up.

Aflac (AFL) 30-day option implied volatility is at 20; compared to its 52-week range of 13 to 34 as share price down.

C. H. Robinson Worldwide (CHRW) 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 71. Call put ratio 1 call to 1.4 puts as share price down.

Zions Bancorp (ZION) 30-day option implied volatility is at 48; compared to its 52-week range of 27 to 206. Call put ratio 1 call to 4.6 puts as share price down.

Live Nation Entertainment (LYV) 30-day option implied volatility is at 40; compared to its 52-week range of 23 to 80. Call put ratio 1 call to 31 puts with focus on March, June, September put spread.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 54; compared to its 52-week range of 33 to 398. Call put ratio 1 call to 2.8 puts on 30K contracts as share price down.

Options with decreasing option implied volatility: SOFI WOLF ALGN GOOS MTCH INTC AMD SBUX WDC WHR TEVA UPS EA RCL QCOM GM GOOG GOOGL GLW
Increasing unusual option volume: MPLX NYCB EU VLY ALGM NXT THC
Increasing unusual call option volume: EU MPLX NYCB THC NXT RUM ALGM ICLN
Increasing unusual put option volume: VLY NYCB RKLB LYV BKR CTVA WAL SYY
Popular stocks with increasing volume: T BAC SOFI SMCI BA PLUG QCOM AAL
Active options: TSLA NVDA AMD AMZN AAPL T MSFT BAC MARA GOOGL SOFI META NYCB SMCI BA PLUG QCOM CCJ AAL
Global S&P Futures higher in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $74, natural gas , gold at $2072