Pre-Market IV Report March 26, 2024

Pre-Market IV Report March 26, 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: CGC DWAC SNAP ARDX MANU PHUN ALGN XP TDOC META SPOT CMG GE IBM WM ACI ALAB NVCR GDRX PRM SNAP CLSK XP HCAT ALGN CMP DESP META TDOC

Stocks expected to have increasing option volume: SMCI WBA GME DJT RDDT

Movement

Super Micro Computer (SMCI) 30-day option implied volatility is at 91; compared to its 52-week range of 43 to 118. Call put ratio 1.5 calls to 1 put.

Coinbase (COIN) 30-day option implied volatility is at 96; compared to its 52-week range of 59 to 126. Call put ratio 1.4 calls to 1 put as Bitcoin trades $71K.

Walt Disney (DIS) 30-day option implied volatility is at 24; compared to its 52-week range of 20 to 38.

Adobe Systems (ADBE) 30-day option implied volatility is at 30; compared to its 52-week range of 24 to 48 into hosting an virtual investor meeting today.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 29; compared to its 52-week range of 25 to 38 as gold trades $2198.

Reddit (RDDT) 30-day option implied volatility is at 124. Call put ratio 1.2 calls to 1 put with a focus on April 75 calls.

Astera Labs (ALAB) 30-day option implied volatility is at 141. Call put ratio 3.4 calls to 1 put with a focus on April calls.

GameStop (GME) 30-day option implied volatility is at 141; compared to its 52-week range of 52 to 145. Call put ratio 2 calls to 1 put into quarter results.

McDonald’s (MCD) 30-day option implied volatility is at 16; compared to its 52-week range of 11 to 23.

Bumble (BMBL) 30-day option implied volatility is at 40; compared to its 52-week range of 37 to 98 with a focus on May 9 puts.

Kellanova (K) 30-day option implied volatility is at 18; compared to its 52-week range of 13 to 66 with a focus on January 57.50 calls.

Dave & Buster’s Entertainment (PLAY) 30-day option implied volatility is at 66; compared to its 52-week range of 33 to 109 with a focus on April puts.

Amphenol (APH) 30-day option implied volatility is at 21; compared to its 52-week range of 13 to 67 on 12K contracts.

Piedmont Office Realty Trust (PDM) 30-day option implied volatility is at 30; compared to its 52-week range of 28 to 53 with a focus on September 7.5 calls.

United Therapeutics (UTHR) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 118. Call put ratio 3.8 calls to 1 put with a focus on May 250 calls.

Straddle prices into quarter results

GameStop (GME) March weekly 15 straddle priced for a move of 17% into the expected release of quarter results today after the bell.

Cintas (CTAS) April 365 straddle priced for a move of 6% into the expected release of quarter results before the bell on March 27.

Paychex (PAYX) April 120 straddle priced for a move of 5% into the expected release of quarter results before the bell on March 27.

Carnival Cruise Lines (CCL) March weekly 17 straddle priced for a move of 11% into the expected release of quarter results before the bell on March 27.

Options with decreasing option implied volatility: SOUN CHWY PDD STNE LULU ASO NKE FDX TME MU MDGL ACN GIS NANAOS
Increasing unusual option volume: HUYA REI FTI VMEO AVTR MKC
Increasing unusual call option volume: FTI REI HUYA VMEO MKC FIGS
Increasing unusual put option volume: DOCS AVTR BMBL EH SOUN MKC GEO
Popular stocks with increasing volume: MU INTC COIN PLTR LCID RIVN BA ARM GME SMCI
Active options: TSLA NVDA AAPL AMD MU AMZN INTC MARA COIN PLTR MSFT META LCID RIVN BA ARM GME GOOGL CLSK SMCI
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $81.80, natural gas mixed, gold at $2193