Pre-Market IV Report February 20, 2024

Pre-Market IV Report February 20, 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: PLCE CRK RXRX GRPN SMCI GTLB DG IEP VOD ADBE ORCL ULTA PHAT MANU NEO

Stocks expected to have increasing option volume: NVDA GFS COF DFS MA V WMT PANW HD

Chip option IV into NVIDIA (NVDA) results and GlobalFoundries (GFI) secures $1.5B in CHIPS Act funding

NVIDIA (NVDA) 30-day option implied volatility is at 62; compared to its 52-week range of 32 to 68 into expected release of quarter results after the bell on February 21. Call put ratio 1.7 calls to 1 put.

Arm Holdings (ARM) 30-day option implied volatility is at 128; compared to its 52-week range of 34 to 171 amid wide price movement.

AMD (AMD) 30-day option implied volatility is at 47; compared to its 52-week range of 34 to 58.

GlobalFoundries (GFS) 30-day option implied volatility is at 39; compared to its 52-week range of 30 to 86 into secures $1.5B in CHIPS Act funding.

Taiwan Semi (TSM) 30-day option implied volatility is at 35; compared to its 52-week range of 22 to 39 into GlobalFoundries (GFI) secures $1.5B in CHIPS Act funding.

Intel (INTC) 30-day option implied volatility is at 37; compared to its 52-week range of 28 to 49.

Mobileye (MBLY) 30-day option implied volatility is at 46; compared to its 52-week range of 33 to 105.

Micron Technology (MU) 30-day option implied volatility is at 37; compared to its 52-week range of 27 to 51.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 30; compared to its 52-week range of 22 to 36 into NVDA results and GlobalFoundries (GFI) secures $1.5B in CHIPS Act funding.

Capital One Financial (COF) 30-day option implied volatility is at 27; compared to its 52-week range of 24 to 54 into acquiring Discover (DFS) in all-stock transaction valued at $35.3B.

Discover Financial Services (DFS) 30-day option implied volatility is at 27; compared to its 52-week range of 22 to 49 into Capital One (COF) acquiring in all-stock transaction valued at $35.3B.

MasterCard (MA) 30-day option implied volatility is at 66; compared to its 52-week range of 35 to 77.

Visa (V) 30-day option implied volatility is at 15; compared to its 52-week range of 13 to 27.

Straddle prices into quarter results

Walmart (WMT) February weekly 170 straddle priced for a move of 4.5% into the expected release of quarter results.

Home Depot (HD) February weekly 360 straddle priced for a move of 4.5% into the expected release of quarter results.

Palo Alto Networks (PANW) February weekly 367.50 straddle priced for a move of 11% into the expected release of quarter results today after the bell.

Caesars Entertainment (CZR) February weekly 42 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

SolarEdge Technologies (SEDG) February weekly 85 straddle priced for a move of 19% into the expected release of quarter results today after the bell.

NVIDIA (NVDA) February weekly 725 straddle priced for a move of 12% into the expected release of quarter results after the bell on February 21.

Analog Devices (ADI) February weekly 187 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on February 21.

Synopsys (SNPS) February weekly 550 straddle priced for a move of 9% into the expected release of quarter results after the bell on February 21.

Suncor (SU) February weekly 33 straddle priced for a move of 4% into the expected release of quarter results after the bell on February 21.

Rivian (RIVN) February weekly 16 straddle priced for a move of 15% into the expected release of quarter results after the bell on February 21.

Marathon Oil (MRO) February weekly 23 straddle priced for a move of 5% into the expected release of quarter results after the bell on February 21.

Etsy (ETSY) February weekly 77 straddle priced for a move of 12.50% into the expected release of quarter results after the bell on February 21.

Wingstop (WING) March 320 straddle priced for a move of 12% into the expected release of quarter results before the bell on February 21.

Joby Aviation (JOBY) February weekly 6 straddle priced for a move of 13% into the expected release of quarter results after the bell on February 21.

Lucid (LCID) February weekly 3.5 straddle priced for a move of 20% into the expected release of quarter results after the bell on February 21.

Movers

Celldex (CLDX) 30-day option implied volatility is at 86; compared to its 52-week range of 42 to 192. Call put ratio 27 calls to 1 put with a focus on March 40 and 55 calls.

APA Corporation (APA) 30-day option implied volatility is at 42; compared to its 52-week range of 31 to 60. Call put ratio 1 call to 1.4 puts with a focus on March weekly (28) puts.

First Majestic Silver (AG) 30-day option implied volatility is at 61; compared to its 52-week range of 40 to 61. Call put ratio 1 call to 2.7 puts with a focus on July 2.5 puts.

Options with decreasing option implied volatility: ABR UPST MANU VRM CART APP UPWK TTD LYFT ANET DDOG SHOP ROKU HAS FSLY
Increasing unusual option volume: NNOX PTEN SOUN NVEI UMC AMBC TRGP RGTI ATMU EVA
Increasing unusual call option volume: NNOX SOUN TPX TRGP AMBC RGTI SWTX MAC
Increasing unusual put option volume: AVTR SOUN DBX CMI GEO SABR NYCB EOSE SMCI
Popular stocks with increasing volume: COIN PLTR HOOD DKNG ROKU ARM AMAT
Active options: TSLA NVDA AAPL SMCI AMD COIN META AMZN PLTR HOOD MARA DKNG ROKU ARM AMAT TTD MSFT GOOGL BABA NFLX
Global S&P Futures mixed in premarket, Nikkei mixed to higher, DAX mixed, WTI Crude oil recently at $79.50, natural gas down 2.5%, gold at $2032