Pre-Market IV Report March 15, 2024

Pre-Market IV Report March 15, 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: SOUN LAC X HA TME CRK ETRN RITM APD PR MOR SBLK ARCC CPRT ACI MPLX SPLK FF LBTYA UA WGMI SG

Stocks expected to have increasing option volume: ADBE JBL ULTA X CLF BKL MDGL GERN CDLX BLNK PSNY NUE GETY WW LAC

Option IV into NVIDIA (NVDA) GTC 2024 conference

NVIDIA (NVDA) March call option implied volatility is at 62, March weekly is at 59; 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.

Amazon (AMZN) 30-day option implied volatility is at 24; compared to its 52-week range of 23 to 49. Amazon/AWS is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Alphabet (GOOGL) 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 39. Google/GCP is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Microsoft (MSFT) 30-day option implied volatility is at 21; compared to its 52-week range of 18 to 33. MSFT is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Hewlett Packard Enterprise (HPE) 30-day option implied volatility is at 31; compared to its 52-week range of 20 to 81. HPE is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Super Micro Computer (SMCI) 30-day option implied volatility is at 92; compared to its 52-week range of 54 to 117. SMCI is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Dell Technologies (DELL) 30-day option implied volatility is at 37; compared to its 52-week range of 23 to 52. DELL is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

IBM (IBM) 30-day option implied volatility is at 22; compared to its 52-week range of 13 to 28. IBM is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

Broadcom (AVGO) 30-day option implied volatility is at 36; compared to its 52-week range of 23 to 59. Avago/VMWare is Diamond sponsor of NVIDIA (NVDA) GTC 2024 conference at the San Jose Convention Center from March 18-21.

SoundHound AI (SOUN) 30-day option implied volatility is at 193; compared to its 52-week range of 72 to 263. Call put ratio 3 calls to 1 put.

Movers

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.

Intuitive Surgical (ISRG) 30-day option implied volatility is at 27; compared to its 52-week range of 20 to 47 into granted FDA Clearance for da Vinci 5.

Freeport-McMoran (FCX) 30-day option implied volatility is at 34; compared to its 52-week range of 29 to 53. Call put ratio 2.1 calls to 1 put.

Lithium Americas Corp (LAC) 30-day option implied volatility is at 101; compared to its 52-week range of 37 to 101. Call put ratio 2.9 calls to 1 put on 35K contracts.

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 1 puts on 156K contracts.

WW International, Inc. (WW) 30-day option implied volatility is at 150; compared to its 52-week range of 75 to 185 amid wide price movement.

Peloton (PTON) 30-day option implied volatility is at 83; compared to its 52-week range of 67 to 112. Call put ratio 8.4 calls to 1 put with a focus on July 6 calls.

Paymentus Holdings Inc. (PAY) 30-day option implied volatility is at 58; compared to its 52-week range of 39 to 127. Call put ratio 22 calls to 1 put with a focus on April calls.

Guess? (GES) 30-day option implied volatility is at 76; compared to its 52-week range of 29 to 95. Call put ratio 1 call to 2.4 puts with a focus on March 22 and April 26 puts.

Powershares Db Agriculture Fund (DBA) 30-day option implied volatility is at 18; compared to its 52-week range of 11 to 21. Call put ratio 28 calls to 1 put with a focus on April 23 calls.

Immunovant (IMVT) 30-day option implied volatility is at 68; compared to its 52-week range of 53 to 399. Call put ratio 2 calls to 1 put as share price down 4.1%.

Interpublic Group of Cos. (IPG) 30-day option implied volatility is at 33; compared to its 52-week range of 20 to 81. Call put ratio 15.9 calls to 1 put with a focus on March and April 33 calls.

Madrigal (MDGL) 30-day option implied volatility is at 151; compared to its 52-week range of 49 to 176 into FDA approves Madrigal Pharmaceuticals’ Rezdiffra.

Geron Corp (GERN) 30-day option implied volatility is at 266; compared to its 52-week range of 56 to 220 into Geron reports FDA advisors vote in favor of benefit/risk of imetelstat.

Straddle prices into quarter results

XPeng (XPEV) March weekly 9.5 straddle priced for a move of 13% into the expected release of quarter results before the bell on March 19.

PDD Holdings (PDD) March weekly 123 straddle priced for a move of 8% into the expected release of quarter results before the bell on March 20.

Options with decreasing option implied volatility: PCT IOT ASAN S PATH MDB GPS ZIM DOCU ACAD ONON
Increasing unusual option volume: SOUN CMI ERJ SMR PTEN BBAI AKRO
Increasing unusual call option volume: SMR SOUN BBAI CMI UA IGT EGY DKS IPG
Increasing unusual put option volume: SOUN CMI PTEN UAA AVTR ATMU JBL
Popular stocks with increasing volume: COIN PLTR SOFI INTC PYPL BABA
Active options: TSLA NVDA MSFT AAPL AMD SOUN HOOD AMZN GOOGL COIN META PLTR SOFI RIVN INTC GOOG PYPL BABA PATH
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $81, natural gas mixed, gold at $2171