Pre-Market IV Report March 14, 2024

Pre-Market IV Report March 14, 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: NN BYND SOUN X TSLY KMX ARCC SPLK KODK GETY ANNX RUM ENFN PTEN BOWL GL EXTR WW DVAX

Stocks expected to have increasing option volume: DKS LEN S PD PATH NVDA UA UAA BUD LEN WW MSTR LCID FSR HOOD X

Movers

NVIDIA (NVDA) March call option implied volatility is at 63, March weekly is at 61; 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.

Freeport-McMoran (FCX) 30-day option implied volatility is at 36; compared to its 52-week range of 29 to 53. Call put ratio 3.7 calls to 1 put.

Under Armour Inc (UAA) 30-day option implied volatility is at 37; compared to its 52-week range of 30 to 63 into Kevin Plank returns to CEO role.

Robinhood (HOOD) 30-day option implied volatility is at 64; compared to its 52-week range of 34 to 77 into Robinhood reported selected monthly operating data for February. Call put ratio 7.2 calls to 1 put.

Boeing (BA) 30-day option implied volatility is at 33; compared to its 52-week range of 22 to 41. Call put ratio 1 call to 2.6 puts.

Tesla (TSLA) March call option implied volatility is at 58, March weekly is at 54; compared to its 52-week range of 40 to 67 as share price near 10-month low.

Straddle prices into quarter results

Ulta Beauty (ULTA) March 567 straddle priced for a move of 7.5% into the expected release of quarter results today after the bell.

Dick’s Sporting Goods (DKS) March 187.50 straddle priced for a move of 7.5% into the expected release of quarter results today before the bell.

Adobe (ADBE) March 575 straddle priced for a move of 7.5% into the expected release of quarter results today.

PagerDuty (PD) March 22.5 straddle priced for a move of 17% into the expected release of quarter results today after the bell.

Jabil (JBL) March 150 straddle priced for a move of 7.5% into the expected release of quarter results before the bell on March 15.

Buckle (BKE) March 40 straddle priced for a move of 6% into the expected release of quarter results before the bell on March 15.

Option movers

U.S. Steel (X) 30-day option implied volatility is at 46; compared to its 52-week range of 10 to 61. Call put ratio 1 call to 2.2 puts as share price down amid President Biden deal closure concerns.

WW International, Inc. (WW) 30-day option implied volatility is at 125; compared to its 52-week range of 75 to 185 amid wide price movement.

Archer Daniels Midland (ADM) 30-day option implied volatility is at 26; compared to its 52-week range of 17 to 43.

Biomea Fusion, Inc. (BMEA) 30-day option implied volatility is at 111; compared to its 52-week range of 68 to 264. March 15, March 20, April 15 and April 20 calls active.

TechnipFMC (FTI) 30-day option implied volatility is at 32; compared to its 52-week range of 31 to 88 with a focus on July 24 and 29 calls.

Helix Energy Solutions Group (HLX) 30-day option implied volatility is at 42; compared to its 52-week range of 32 to 87 with a focus on April 9 puts.

Geron Corp (GERN) 30-day option implied volatility is at 265; compared to its 52-week range of 56 to 220 into FDA Oncologic Drugs Advisory Committee meeting.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 32; compared to its 52-week range of 25 to 40 as gold near upper end of range. Call put ratio 3.1 calls to 1 put as gold above $2173.

Options with decreasing option implied volatility: VSCO IOT ASAN MANU MDB GPS ZIM AEO DOCU BURL ONON BURL
Increasing unusual option volume: GOGO TIGR SOUN CRH SMR ATMU SKIN EMN WW
Increasing unusual call option volume: SMR TIGR SOUN CRH CNQ EMN OVV ARCC WW
Increasing unusual put option volume: ATMU SOUN FLEX CMI URA WSM GERN IGT VLY WW
Popular stocks with increasing volume: PLTR PYPL SQ FCX INTC BA SOUN COIN BABA PFE
Active options: TSLA NVDA AAPL AMD AMZN META PLTR MSFT PYPL GOOGL MARA SQ FCX INTC BA SOUN COIN BABA PFE GOOG
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $80, natural gas mixed, gold at $2173