Pre-Market IV Report March 1, 2024

Pre-Market IV Report March 1, 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: LVTX BITX SOUN MSTR BITI EXAS GRFS KODK CC AMLX AKRO ARLO ROOT XEL PDSB CC ZS

Stocks expected to have increasing option volume: NYCB XEL ADSK COO HPE NTAP ZS VEEV DELL PLUG FUBO FSR RILY SG SATS LVTX NVTS ESTC XPOF SOUN NYCB FSR

NVIDIA (NVDA) option implied volatility decreases

NVIDIA (NVDA) March weekly call option implied volatility is at 41, March is at 39; 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) March weekly call option implied volatility is at 94, March is at 116; compared to its 52-week range of 34 to 170.

Super Micro Computer (SMCI) March weekly call option implied volatility is at 106, March is at 90; compared to its 52-week range of 34 to 117.

Straddle prices into quarter results

Stich Fix (SFIX) March weekly 3 straddle priced for a move of 18% into the expected release of quarter results after the bell on March 4.

Target (TGT) March weekly 152.50 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on March 5.

Ross Stores (ROST) March weekly 149 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on March 5.

Movers

New York Community Bancorp (NYCB) 30-day option implied volatility is at 73; compared to its 52-week range of 20 to 233 into the bank last night issued a number of updates.

Xcel Energy (XEL) 30-day option implied volatility is at 28; compared to its 52-week range of 13 to 71 after the company disclosed that the Smokehouse Creek wildfire in Texas is burning in or near the company’s service territory of Southwestern Public Service Company (SPS). Call put ratio 1 call to 11 puts with focus on March 50 puts.

ANI Pharma (ANIP) 30-day option implied volatility is at 29; compared to its 52-week range of 32 to 76. Call put ratio 1 call to 11.5 puts with a focus on April 65 puts as share price up.

Axonics, Inc. (AXNX) 30-day option implied volatility is at 14; compared to its 52-week range of 6 to 67. Call put ratio 1 call to 8 puts with a focus on March 65 puts.

Grupo Financiero Galicia Sa (GGAL) 30-day option implied volatility is at 65; compared to its 52-week range of 43 to 111. Call put ratio 1 call to 2 puts with a focus on April 17.50 puts.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 14; compared to its 52-week range of 12 to 37 on 297K contracts with a focus on January calls.

Duolingo (DUOL) 30-day option implied volatility is at 48; compared to its 52-week range of 41 to 96 as share price up.

Options with decreasing option implied volatility: CVNA AAP LMND IRBT AAOI IOVA
Increasing unusual option volume: DV SOUN XEL ITUB LYB
Increasing unusual call option volume: SOUN LYB NVTS CC FOUR BIRK
Increasing unusual put option volume: GGAL SOUN IRWD CC VKTX
Popular stocks with increasing volume: SNOW AI PLTR AMC CRM COIN SMCI RIVN CELH
Active options: AMD TSLA NVDA MARA AAPL SNOW AI META AMZN PLTR AMC GOOGL CRM COIN RIOT SMCI MSFT SOUN RIVN CELH
Global S&P Futures mixed in premarket, Nikkei up 1.5%, DAX mixed, WTI Crude oil recently at $79.30, natural gas mixed, gold at $2057