Pre-Market IV Report March 20, 2024

Pre-Market IV Report March 20, 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: X HE DWAC NFLX SPIR ATNM WING PSEC GIL YUMC PLNT SWK IP ETN

Stocks expected to have increasing option volume: NVDA SMCI PDD GIS MU OLLI SIG CHWY FIVE INTC CMG GIL

Movers into FOMC policy decision

Intel (INTC) 30-day option implied volatility is at 34; compared to its 52-week range of 28 to 49 into U.S. Department of Commerce sign PMT for up to $8.5B in CHIPS Act funding.

Chipotle Mexican Grill (CMG) 30-day option implied volatility is at 20; compared to its 52-week range of 15 to 40 into board approves 50-for-1 stock split.

Super Micro Computer (SMCI) 30-day option implied volatility is at 88; compared to its 52-week range of 54 to 117 into reducing Spot Secondary sale price to $875 per share, Bloomberg says.

Global X Artificial Intelligence & Technology ETF (AIQ) 30-day option implied volatility is at 20; compared to its 52-week range of 14 to 71. Call put ratio 18.7 calls to 1 put.

Nordstrom (JWN) 30-day option implied volatility is at 37; compared to its 52-week range of 37 to 78. Call put ratio 4 calls to 1 put with focus on April 25 calls.

Gildan Activewear (GIL) 30-day option implied volatility is at 28; compared to its 52-week range of 11 to 40 into Sycamore Partners to explore bid for Gildan Activewear, Bloomberg reports. Call put ratio 52 calls to 1 put with focus on April 37.50 calls.

Capri Holdings Limited (CPRI) 30-day option implied volatility is at 37; compared to its 52-week range of 8 to 88.

Tapestry (TPR) 30-day option implied volatility is at 28; compared to its 52-week range of 24 to 48.

Boeing (BA) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 38.

Spirit AeroSystems (SPR) 30-day option implied volatility is at 48; compared to its 52-week range of 39 to 104.

Straddle prices into quarter results

Micron (MU) March weekly 94 straddle priced for a move of 9% into the expected release of quarter results after the bell on March 20.

Chewy (CHWY) March weekly 17 straddle priced for a move of 14% into the expected release of quarter results after the bell on March 20.

Nike (NKE) March weekly 100 straddle priced for a move of 7% into the expected release of quarter results after the bell on March 21.

FedEx (FDX) March weekly 255 straddle priced for a move of 6% into the expected release of quarter results after the bell on March 21.

Lululemon (LULU) March weekly 465 straddle priced for a move of 9% into the expected release of quarter results after the bell on March 21.

Movers

International Paper Company (IP) 30-day option implied volatility is at 24; compared to its 52-week range of 17 to 31 amid sharp rally.

PPL Corp. (PPL) 30-day option implied volatility is at 13; compared to its 52-week range of 14 to 66.

Lithium Americas Corp (LAC) 30-day option implied volatility is at 68; compared to its 52-week range of 37 to 105. Call put ratio 6.3 calls to 1 put.

KLA Corporation (KLAC) 30-day option implied volatility is at 33; compared to its 52-week range of 26 to 41.

Chart Industries (GTLS) 30-day option implied volatility is at 39; compared to its 52-week range of 36 to 100. Call put ratio 2.3 calls to 1 put as share price up 3%.

Core & Main, Inc (CNM) 30-day option implied volatility is at 29; compared to its 52-week range of 19 to 70, Call put ratio 1 call to 3.4 puts on 9K contracts with focus on April 50 puts.

Kinetik Holdings (KNTK) 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 39 on active April 40 calls.

Planet Fitness (PLNT) 30-day option implied volatility is at 34; compared to its 52-week range of 24 to 88. Call put ratio 1 call to 3 puts as share price down 5.4%.

Yum China (YUMC) 30-day option implied volatility is at 34; compared to its 52-week range of 24 to 77 as share price down 7%. Call put ratio 1 call to 2.6 puts on 7K contracts.

Copper Miners Etf (COPX) 30-day option implied volatility is at 29; compared to its 52-week range of 21 to 66 on 5K contracts.

Advanced Drainage Systems (WMS) 30-day option implied volatility is at 30; compared to its 52-week range of 26 to 78. Call put ratio 9.1 calls to 1 put.

Options with decreasing option implied volatility: ZIM GRPN S PATH PCT JBL DKS ARM UTLA STNE DG DLTR SWN FOUR ADBE CSIQ BEKE VLY
Increasing unusual option volume: GPN FUSN ERJ TSEM IMVT
Increasing unusual call option volume: GPN VTLE ITUB SMR DLO GLYC SOUN
Increasing unusual put option volume: GPN SOUN ACB AKBA GOEV ITUB TSEM
Popular stocks with increasing volume: COIN SMCI INTC SOFI HOOD Z BAC TSM
Active options: NVDA TSLA AMD AAPL PLTR GOOGL MARA NIO MSFT AMZN META COIN SOUN SMCI INTC SOFI HOOD Z BAC TSM
Global S&P Futures mixed in premarket, Nikkei up 2.6%, DAX mixed, WTI Crude oil recently at $82.50, natural gas mixed, gold at $2158