Pre-Market IV Report March 18, 2024

Pre-Market IV Report March 18, 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: DUK D CPRI AEHR SOUN TME EDR PBR RITM RXRX FOUIR HA MTN DUK D JRVR HCP ZG

Stocks expected to have increasing option volume: NVDA AVGO ARM SMCI AMD SMH XPEV PDD HTZ

NVIDIA option implied volatility amid wide price movement

NVIDIA (NVDA) March weekly call option implied volatility is at 83, March is at 60; 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.

Broadcom (AVGO) 30-day option implied volatility is at 35; compared to its 52-week range of 23 to 59 into hosting an investor meeting on enabling AI in Infrastructure Investor Meeting on March 20.

Arm Holdings (ARM) 30-day option implied volatility is at 69; compared to its 52-week range of 34 to 170.

Super Micro Computer (SMCI) 30-day option implied volatility is at 91; compared to its 52-week range of 34 to 117.

AMD (AMD) 30-day option implied volatility is at 50; compared to its 52-week range of 34 to 58.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 35; compared to its 52-week range of 22 to 36 as share price pulls back from record high. Call put ratio 1 call to 3 puts.

Large cap movers into Fed meeting

Apple (AAPL) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 31 into WWDC 2024 on June 22, 2024. Call put ratio 2.1 calls to 1 put.

Tesla (TSLA) 30-day option implied volatility is at 52; compared to its 52-week range of 40 to 67 amid wide price movement.

Amazon (AMZN) 30-day option implied volatility is at 25; compared to its 52-week range of 23 to 49 into Big Spring Sale beginning on Wednesday, March 20.

Boeing (BA) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 41. Call put ratio 1 call to 1.4 puts.

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 161; compared to its 52-week range of 55 to 164 amid wide share price movement.

Affirm Holdings (AFRM) 30-day option implied volatility is at 84; compared to its 52-week range of 64 to 132.

Upstart Holdings (UPST) 30-day option implied volatility is at 80; compared to its 52-week range of 73 to 158.

U.S. Steel (X) 30-day option implied volatility is at 44; compared to its 52-week range of 10 to 61.

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 124 straddle priced for a move of 8% into the expected release of quarter results before the bell on March 20.

Movement

Hertz Global (HTZ) 30-day option implied volatility is at 100; compared to its 52-week range of 30 to 108 into Hertz CEO Stephen Scherr steps down, Gil West to succeed.

Ferroglobe (GSM) 30-day option implied volatility is at 33; compared to its 52-week range of 33 to 99 amid active May 5 calls.

Amneal Pharmaceuticals (AMRX) 30-day option implied volatility is at 81; compared to its 52-week range of 21 to 93 amid active April 7.5 calls.

Cytokinetics (CYTK) 30-day option implied volatility is at 63; compared to its 52-week range of 43 to 274. Call put ratio 1 call to 3.4 puts.

Peloton (PTON) 30-day option implied volatility is at 81; compared to its 52-week range of 66 to 112.

James River Group (JRVR) 30-day option implied volatility is at 158; compared to its 52-week range of 29 to 158, Call put ratio 6 calls to 1 put.

Synopsys (SNPS) 30-day option implied volatility is at 33; compared to its 52-week range of 20 to 44 into hosting an investor day on March 20.

HashiCorp, Inc (HCP) 30-day option implied volatility is at 98; compared to its 52-week range of 35 to 111. Call put ratio 18.8 calls to 1 put on 17K contracts amid HashiCorp mulls possible sale, Bloomberg reports.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 31; compared to its 52-week range of 25 to 40. Call put ratio 2.4 calls to 1 put as gold above $2156.

Options with decreasing option implied volatility: ASAN GRPN ZIM PCT S PATH ONON ARM KSS MANU DG DKS ORCL DLTR ULTA ADBE
Increasing unusual option volume: SOUN GSM VLD GERN ROIV UMC JRVR
Increasing unusual call option volume: SMR SOUN GERN AMBC AM CDLX UMC AQST
Increasing unusual put option volume: ROIV SOUN KDP JBL GERN GRPN GGAL NNOX
Popular stocks with increasing volume: PLTR COIN ADBE RIVN INTC SMCI SOFI BA C
Active options: TSLA NVDA AMD AAPL MSFT AMZN PLTR META COIN MARA ADBE GOOGL SOUN RIVN INTC SMCI SOFI BA GOOG C
Global S&P Futures mixed in premarket, Nikkei up 2.6%, DAX mixed, WTI Crude oil recently at $81.50, natural gas up 5%, gold at $2153