Pre-Market IV Report February 23, 2024

Pre-Market IV Report February 23, 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: RUN SMCI OLK RXRX PDD LULU NKE FDX ACN CPRI GRFS CERE PSN TK GRFS

Stocks expected to have increasing option volume: SMCI ARM NVDA INTU WBD SQ BKNG JPM LYV CVNA RIOT CVNA MELI RKT BLMN MELI

NVIDIA (NVDA) option implied volatility decreases, share price above $800 before the bell

NVIDIA (NVDA) February weekly call option implied volatility is at 56, March is at 44; compared to its 52-week range of 32 to 68 into NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.

Arm Holdings (ARM) February weekly call option implied volatility is at 106, March is at 112; compared to its 52-week range of 34 to 170.

Super Micro Computer (SMCI) February weekly call option implied volatility is at 188, March is at 122; compared to its 52-week range of 34 to 117.

Japan share prices trend higher (Nikkei)

Ishares Msci Japan Etf (EWJ) 30-day option implied volatility is at 15; compared to its 52-week range of 12 to 65.

Straddle prices into quarter results

Li Auto (LI) March weekly 35 straddle priced for a move of 9.5% into the expected release of quarter results before the bell on February 26.

Domino’s Pizza (DPZ) March weekly 430 straddle priced for a move of 6% into the expected release of quarter results before the bell on February 26.

Workday (WDAY) March weekly 305 straddle priced for a move of 8% into the expected release of quarter results after the bell on February 26.

Oneok (OKE) March 75 straddle priced for a move of 4% into the expected release of quarter results after the bell on February 26.

Zoom Video (ZM) March weekly 62 straddle priced for a move of 8% into the expected release of quarter results after the bell on February 26.

Unity Software (U) March weekly 31 straddle priced for a move of 13% into the expected release of quarter results after the bell on February 26.

Option volume movers

Golden Ocean Group Limited (GOGL) 30-day option implied volatility is at 32; compared to its 52-week range of 21 to 86 on active volume of 4K contracts.

PROG Holdings Inc (PRG) 30-day option implied volatility is at 42; compared to its 52-week range of 26 to 63 with a focus on May 30 and 35 calls.

Ocular Therapeutix (OCUL) 30-day option implied volatility is at 97; compared to its 52-week range of 68 to 135 with active volume in March 6 calls and June 7.5 puts.

Alight Solutions (ALIT) 30-day option implied volatility is at 35; compared to its 52-week range of 20 to 60 with a focus on May 9 calls and puts.

Root (ROOT) 30-day option implied volatility is at 125; compared to its 52-week range of 59 to 138. Call put ratio 4.2 calls to 1 put with a focus on March calls.

Options with decreasing option implied volatility: MANU IOVA ABR UPWK VKTX AUPH IREN APP MSOS HLF TDS FSLY SEDG ROKU TTD TDOC
Increasing unusual option volume: FROG H OCUL MUB APLT AER NICE IRWD
Increasing unusual call option volume: NICE FROG XLI OCUL PLNT FLNC SOUN AMLX AER DT PRGO WB
Increasing unusual put option volume: MQ SOUN AMLX MQ FLNC MUB XLI VST CMI
Popular stocks with increasing volume: RIVN PLTR SMCI INTC ARM PANW T TSM SQ BAC
Active options: TSLA NVDA AMD RIVN AMZN AAPL PLTR META SMCI INTC MSFT MARA ARM PANW T TSM SQ GOOGL LCID BAC
Global S&P Futures mixed in premarket, Nikkei up 2%, DAX mixed, WTI Crude oil recently at $77.50, natural gas down 4%, gold at $2026