Pre-Market IV Report March 22, 2024

Pre-Market IV Report March 22, 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: IRON NKE AMTX GL NN AHCO LULU FDX EHC INDI AMRK OWL NBIX GE CTSH SWN AVGO HE NFLX DWAC

Stocks expected to have increasing option volume: NKE LULU UA UAA FL SKX ONON DECK FDX UPS BROS

Option IV into China’s President Xi Jinping to meet with US executives in Beijing next week, WSJ says.

Pinduoduo (PDD) 30-day option implied volatility is at 45; compared to its 52-week range of 30 to 77 into China’s President Xi Jinping to meet with US executives in Beijing next week, WSJ says.

JD.com (JD) 30-day option implied volatility is at 45; compared to its 52-week range of 34 to 64.

Alibaba (BABA) 30-day option implied volatility is at 31; compared to its 52-week range of 30 to 53 into China’s President Xi Jinping to meet with US executives in Beijing next week, WSJ says.

iShares MSCI China ETF (MCHI) 30-day option implied volatility is at 23; compared to its 52-week range of 23 to 50.

iShares China Large-Cap (FXI) 30-day option implied volatility is at 26; compared to its 52-week range of 26 to 34.

KraneShares CSI China Internet ETF (KWEB) 30-day option implied volatility is at 32; compared to its 52-week range of 29 to 49.

Db X-trackers Harvest CSI 300 China A – Shares Fund (ASHR) 30-day option implied volatility is at 17; compared to its 52-week range of 17 to 25 into China’s President Xi Jinping to meet with US executives in Beijing next week, WSJ says.

Movement

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

Spirit AeroSystems (SPR) 30-day option implied volatility is at 45; compared to its 52-week range of 39 to 104. Call put ratio 7.6 calls to 1 put.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 30; compared to its 52-week range of 25 to 40 as gold trades $2055. Call put ratio 3.7 calls to 1 put with a focus on May 35 and 40 calls.

Coupang (CPNG) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 55. Call put ratio 4 calls to 1 put.

Straddle prices into quarter results

GameStop (GME) March weekly 13.50 straddle priced for a move of 22% into the expected release of quarter results after the bell on March 26.

DraftKings (DKNG) 30-day option implied volatility is at 43; compared to its 52-week range of 37 to 77. Call put ratio 2.2 calls to 1 put as share price up.

Scholar Rock Holding Corp. (SRRK) 30-day option implied volatility is at 89; compared to its 52-week range of 52 to 118 on active May 17.50 calls as share price up.

Vornado Realty Trust (VNO) 30-day option implied volatility is at 45; compared to its 52-week range of 40 to 105. Call put ratio 4.6 calls to 1 put with a focus on April 30 calls.

Avantor (AVTR) 30-day option implied volatility is at 23; compared to its 52-week range of 22 to 84. Call put ratio 1 call to 8.9 puts with a focus on May weekly (3) 24 puts.

Options with decreasing option implied volatility: GRPN MDGL SOUN CHWY BYND AUPH PDD VLY JBL NN LAC
Increasing unusual option volume: OPK LU DVAX MAC EGY FSI
Increasing unusual call option volume: MAC MO OPK EGY XME VLD ALIT
Increasing unusual put option volume: SOUN GOEV AKBA EWG GES IBB CG FIVE ACAD
Popular stocks with increasing volume: MU BAC COIN MARA INTC PLTR SOFI SMCI NKE JPM PYPL CHWY
Active options: AAPL TSLA NVDA AMD MU AMZN MSFT BAC COIN MARA INTC META PLTR SOFI GOOGL SMCI NKE JPM PYPL CHWY
Global S&P Futures mixed in premarket, Nikkei up 2%, DAX mixed, WTI Crude oil recently at $80.50, natural gas mixed, gold at $2175
Active ETFs: SPY QQQ IWM SLV XLF TQQQ SQQQ EEM SOXL TLT HYG GDX SMH GLD XBI