Pre-Market IV Report March 12, 2024

Pre-Market IV Report March 12, 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: MOR NN ARDX NPWR ENFN LFMD BITX TRML PGY BITI GDS PD LQDA CRNX FLNC FOUR PLRX AVRX

Stocks expected to have increasing option volume: ORCL ADM CASY MTN KSS ACAD ASAN NVDA AMD ARM SMCI IRBT

Option IV into Congress is set to vote on a bill as early as this week that could lead to a nationwide ban of popular app TikTok.

Snap (SNAP) 30-day option implied volatility is at 55; compared to its 52-week range of 41 to 116. Call put ratio 2.3 calls to 1 put into Congress is set to vote on a bill as early as this week that could lead to a nationwide ban of popular app TikTok.

Meta Platforms (META) 30-day option implied volatility is at 34; compared to its 52-week range of 24 to 54. Call put ratio 2 calls to 1 put.

Pinterest (PINS) 30-day option implied volatility is at 37; compared to its 52-week range of 29 to 74. Call put ratio 1 call to 2.8 puts.

Straddle prices into quarter results

Lennar (LEN) March 165 straddle priced for a move of 6% into the expected release of quarter results after the bell on March 13.

Dollar Tree (DLTR) March 149 straddle priced for a move of 9% into the expected release of quarter results before the bell on March 13.

Williams-Sonoma (WSM) March 240 straddle priced for a move of 8% into the expected release of quarter results before the bell on March 13.

SentinelOne (S) March 27 straddle priced for a move of 14% into the expected release of quarter results after the bell on March 13.

Adobe (ADBE) March 560 straddle priced for a move of 9% into the expected release of quarter results after the bell on March 14.

Movers

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 35; compared to its 52-week range of 22 to 36 amid wide price movement.

Boeing (BA) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 41.

Geron Corp (GERN) 30-day option implied volatility is at 273; compared to its 52-week range of 56 to 220 into FDA Oncologic Drugs Advisory Committee meeting.

EQT Corp. (EQT) 30-day option implied volatility is at 33; compared to its 52-week range of 28 to 58 after EQT to acquire Equitrans Midstream in all-stock transaction. Call put ratio 1 call to 1.8 puts as share price down 7.7%.

Pinduoduo (PDD) 30-day option implied volatility is at 77; compared to its 52-week range of 30 to 77.

Fortrea (FTRE) 30-day option implied volatility is at 40; compared to its 52-week range of 27 to 86.

Core & Main, Inc (CNM) 30-day option implied volatility is at 34; compared to its 52-week range of 19 to 70. Call put ratio 1 call to 2.6 puts with a focus on April and June 45 puts.

Kirby Corp. (KEX) 30-day option implied volatility is at 24; compared to its 52-week range of 16 to 48 with a focus on April 85 puts.

Enfusion, Inc (ENFN) 30-day option implied volatility is at 95; compared to its 52-week range of 40 to 101 with a focus on March 7.5 calls.

Blackline Inc. (BL) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 65. Call put ratio 1 call to 15 puts with a focus on March and April 65 puts.

Option IV for leisure wear stocks into On Holding AG (ONON) results

On Holding AG (ONON) 30-day option implied volatility is at 71; compared to its 52-week range of 41 to 111 into quarter results. Call put ratio 2.3 calls to 1 put.

Skechers USA (SKX) 30-day option implied volatility is at 28; compared to its 52-week range of 22 to 72. Call put ratio 3.2 calls to 1 put.

Under Armour Inc (UAA) 30-day option implied volatility is at 38; compared to its 52-week range of 30 to 63. Call put ratio 3.1 calls to 1 put.

Nike (NKE) 30-day option implied volatility is at 40; compared to its 52-week range of 29 to 47.

Foot Locker (FL) 30-day option implied volatility is at 47; compared to its 52-week range of 34 to 87. Call put ratio 1.3 calls to 1 put.

Dick’s Sporting Goods (DKS) 30-day option implied volatility is at 50; compared to its 52-week range of 25 to 53 into expected release of quarter results before the bell on March 14. Call put ratio 1 call to 1.9 puts.

lululemon athletica (LULU) 30-day option implied volatility is at 51; compared to its 52-week range of 22 to 51.

Archer Daniels Midland (ADM) March call option implied volatility is at 77, March weekly is at 37; compared to its 52-week range of 17 to 43 into the expected release of quarter results today before the bell. Call put ratio 2.1 calls to 1 put.

Options with decreasing option implied volatility: GTLB BMEA IOT VSCO FL ANF NIO GPS MDB JWN
Increasing unusual option volume: VYM CMI PTEN GOGL SLS VLD ATMU
Increasing unusual call option volume: GOGL VYM SLS CMI ATMU HUYA SMR PLNT
Increasing unusual put option volume: ASAN JBL PTEN GERN CMI ATMU CPRI SOUN XLRE
Popular stocks with increasing volume: PLTR BA NIO RIVN TSM SOFI COIN ORCL HOOD INTC C PFE
Active options: TSLA NVDA AAPL AMD META PLTR MARA AMZN BA GOOGL NIO RIVN TSM SOFI COIN ORCL HOOD INTC C PFE
Global S&P Futures mixed in premarket, Nikkei down 2%, DAX mixed, WTI Crude oil recently at $78, natural gas mixed, gold at $2181