Pre-Market IV Report February 29, 2024

Pre-Market IV Report February 29, 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: BITX SOUN BYND MSTR BITI BYND BITX SEAT MSTR

Stocks expected to have increasing option volume: CRM SNOW MNST HPQ OKTA NTNX PSTG PARA MQ BBY HRL BBWI BIRK XRAY PZZA SIX WW MVIS DUOL RRGB IOVA AI ZUO BA UNH

Option IV as Bitcoin trades above $62,600

Coinbase (COIN) 30-day option implied volatility is at 96; compared to its 52-week range of 59 to 126 as Bitcoin trades above $62,600. Call put ratio 1.8 calls to 1 put.

Marathon Digital Holdings (MARA) 30-day option implied volatility is at 168; compared to its 52-week range of 89 to 196. Call put ratio 2.1 calls to 1 put.

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 121; compared to its 52-week range of 55 to 104.

Riot Platforms (RIOT) 30-day option implied volatility is at 127; compared to its 52-week range of 84 to 144 . Call put ratio 3.2 calls to 1 put.

Bit Digital (BTBT) 30-day option implied volatility is at 148; compared to its 52-week range of 89 to 174. Call put ratio 5.7 calls to 1 put.

TeraWulf (WULF) 30-day option implied volatility is at 165; compared to its 52-week range of 20 to 240. Call put ratio 6 calls to 1 put with focus on March 3 calls.

Cleanspark (CLSK) 30-day option implied volatility is at 160; compared to its 52-week range of 88 to 168. Call put ratio 2.7 calls to 1 put on volume of 214K contracts.

Boeing (BA) 30-day option implied volatility is at 29; compared to its 52-week range of 22 to 41.

UnitedHealth Group (UNH) 30-day option implied volatility is at 22; compared to its 52-week range of 15 to 27 amid Department of Justice headlines.

Editas Medicine (EDIT) 30-day option implied volatility is at 86; compared to its 52-week range of 45 to 87. Call put ratio 5.3 calls to 1 put as share price movement.

ACM Research (ACMR) 30-day option implied volatility is at 83; compared to its 52-week range of 55 to 92. Call put ratio 4.2 calls to 1 put with a focus on March 35 calls.

Applied Therapeutics Inc. (APLT) 30-day option implied volatility is at 119; compared to its 52-week range of 20 to 305 on active March 7.5 put volume.

Hayward Holdings, Inc. (HAYW) 30-day option implied volatility is at 50; compared to its 52-week range of 27 to 62. Call put ratio 1 call to 23 puts with a focus on March 12.50 puts.

Shift4 Payments (FOUR) 30-day option implied volatility is at 58; compared to its 52-week range of 39 to 116 after Reuters report on multiple suitors’ interest. Call put ratio 3.7 calls to 1 put with a focus on April 85 calls as share price movement.

Biomea Fusion, Inc. (BMEA) 30-day option implied volatility is at 204; compared to its 52-week range of 68 to 264 into Phase 1/2 data from lead drug in Type 2 Diabetes.

Straddle prices into quarter results

Best Buy (BBY) March weekly 80 straddle priced for a move of 8% into the expected release of quarter results today before the bell.

Autodesk (ADSK) March weekly 255 straddle priced for a move of 6% into the expected release of quarter results today after the bell.

Dell Technologies (DELL) March weekly 93 straddle priced for a move of 9% into the expected release of quarter results today after the bell.

NetEase (NTES) March weekly 112 straddle priced for a move of 7% into the expected release of quarter results today before the bell.

Plug Power (PLUG) March weekly 3.5 straddle priced for a move of 16% into the expected release of quarter results before the bell on March 1.

fuboTV (FUBO) March weekly 2 straddle priced for a move of 21% into the expected release of quarter results before the bell on March 1.

Options with decreasing option implied volatility: AAOI AAP IRBT CVNA ARDX FVRR DOCN IOVA LMND U SQ LMND U SQ BMBL MANU
Increasing unusual option volume: MUB DV BMBL SOUN MDRX APLT DDD BCS
Increasing unusual call option volume: SOUN BCS MDRX DEO VIPS AXON SPLK SHLS D URBN
Increasing unusual put option volume: BMBL SOUN MDRX VKTX MUB
Popular stocks with increasing volume: COIN BYND PLTR RIOT WFC AMC RIVN BAC HOOD
Active options: TSLA NVDA MARA AAPL AMZN COIN GOOGL BYND AMD META PLTR RIOT WFC AMC RIVN GOOG BAC HOOD CLSK SOUN
Global S&P Futures mixed in premarket, Nikkei up 2%, DAX mixed, WTI Crude oil recently at $78.30, natural gas down 1%, gold at $2044