Pre-Market IV Report February 9, 2024

Pre-Market IV Report February 9, 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: ARM ABR SGML ANF MDB MRVL CRWD TGT TSM PETS MRUS

Stocks expected to have increasing option volume: PEP ILMN TTWO NET AFRM UPST PINS BILL

Arm Holdings (ARM) option implied volatility above 100

Arm Holdings (ARM) 30-day option implied volatility is at 108; compared to its 52-week range of 34 to 108 after reporting better than expected quarter results and guidance. Call put ratio 1.1 calls to 1 put.

NVIDIA (NVDA) 30-day option implied volatility is at 54; compared to its 52-week range of 32 to 68.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 28; compared to its 52-week range of 22 to 36.

Options active for Entertainment and Gaming into NFL Super Bowl weekend

Caesars (CZR) 30-day option implied volatility is at 48; compared to its 52-week range of 35 to 61.

MGM Resorts (MGM) 30-day option implied volatility is at 44; compared to its 52-week range of 26 to 47.

Las Vegas Sands (LVS) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 44.

Wynn Resorts (WYNN) 30-day option implied volatility is at 30; compared to its 52-week range of 28 to 44. Call put ratio 6 calls to 1 put.

Melco Resorts & Entertainment (MLCO) 30-day option implied volatility is at 68; compared to its 52-week range of 41 to 70. Call put ratio 8.3 calls to 1 put as share price up 4.5%.

PENN Entertainment (PENN) 30-day option implied volatility is at 62; compared to its 52-week range of 37 to 72. Call put ratio 2.3 calls to 1 put with focus on February 25 calls.

Red Rock Resorts (RRR) 30-day option implied volatility is at 29; compared to its 52-week range of 19 to 41.

Golden Entertainment (GDEN) 30-day option implied volatility is at 39; compared to its 52-week range of 23 to 52.

Boyd Gaming (BYD) 30-day option implied volatility is at 30; compared to its 52-week range of 17 to 73.

Churchill Downs (CHDN) 30-day option implied volatility is at 28; compared to its 52-week range of 21 to 63.

DraftKings (DKNG) 30-day option implied volatility is at 61; compared to its 52-week range of 37 to 80.

Sphere Entertainment Co (SPHR) 30-day option implied volatility is at 46; compared to its 52-week range of 38 to 111.

Straddle prices into release quarter results

Pepsico (PEP) February weekly 172.50 straddle priced for a move of 3% into the expected release of quarter results today before the bell.

Waste Management (WM) February 190 straddle priced for a move of 4.5% into the expected release of quarter results after the bell on February 12.

Avis Budget (CAR) February 167 straddle priced for a move of 12% into the expected release of quarter results after the bell on February 12.

Monday.com (MNDY) February 220 straddle priced for a move of 13% into the expected release of quarter results before the bell on February 12.

Coca-Cola (KO) February 60 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on February 13.

Shopify (SHOP) February weekly 88 straddle priced for a move of 16% into the expected release of quarter results before the bell on February 13.

Airbnb (ABNB) February 150 straddle priced for a move of 8% into the expected release of quarter results after the bell on February 13.

Movers

Monolithic Power Systems (MPWR) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 66.

O’Reilly Automotive (ORLY) 30-day option implied volatility is at 21; compared to its 52-week range of 15 to 118.

Matrix Service (MTRX) 30-day option implied volatility is at 49; compared to its 52-week range of 32 to 68 on active May 10 calls.

Invivyd (IVVD) 30-day option implied volatility is at 165; compared to its 52-week range of 22 to 225 on active September 7.5 calls.

Alta Equipment Group (ALTG) 30-day option implied volatility is at 58; compared to its 52-week range of 30 to 172 on active July 12.50 calls.

BankUnited (BKU) 30-day option implied volatility is at 51; compared to its 52-week range of 27 to 209 with a focus on February 25 calls.

Options with decreasing option implied volatility: MANU MOR SNAP SYM CFLT PAYC RBLX ENPH
Increasing unusual option volume: ALTG IVVD MTRX FROG NYCB LAZ MAT OSCR
Increasing unusual call option volume: FROG OSCR NYCB MAT NVTS LITE DWAC DT
Increasing unusual put option volume: LNC NYCB VLY AIG ARM ICLN APPS BWA
Popular stocks with increasing volume: DIS PYPL ARM BABA COIN SHOP UBER NYCB
Active options: TSLA PLTR NVDA DIS PYPL ARM AAPL MARA AMZN META TSM AMD SNAP BABA MSFT COIN GOOGL SHOP UBER NYCB
Global S&P Futures mixed in premarket, Nikkei up 2%, DAX mixed, WTI Crude oil recently at $76.40, natural gas down 5%, gold at $2046