Pre-Market IV Report March 5, 2024

Pre-Market IV Report March 5, 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: MSTR BITX GME JMIA BITI BITO CPRI GLD PAY CONY VTXY SMCI WISH DSP COIN NIO RGNX AS GRND VSCO VMEO BITI EVRI FWRG HIMS WB ANF ERO VET IDT INDI SMTC EYPT OSCR GENI NTRS VIRT CHTR CUBE PNC RGLD MO LOGI

Stocks expected to have increasing option volume: MSTR SMCI NVDA ARM TGT NIO BOX JWN CHPT SFIX ROST NIO GTLB TDUP

Chip option implied volatility as share prices trend higher

NVIDIA (NVDA) March weekly call option implied volatility is at 49, March is at 45; 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.

Arm Holdings (ARM) March weekly call option implied volatility is at 100, March is at 133; compared to its 52-week range of 34 to 170.

Super Micro Computer (SMCI) March weekly call option implied volatility is at 152, March is at 130; compared to its 52-week range of 34 to 117.

AMD (AMD) 30-day option implied volatility is at 51; compared to its 52-week range of 34 to 58.

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 164; compared to its 52-week range of 55 to 121 into announces $600M convertible senior notes offering.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 34; compared to its 52-week range of 25 to 40 as gold above $2100.

Tesla (TSLA) 30-day option implied volatility is at 46; compared to its 52-week range of 40 to 67 as share price trends lower.

Straddle prices into quarter results

JD.com (JD) March weekly 22 straddle priced for a move of 10% into the expected release of quarter results before the bell on March 6.

Abercrombie & Fitch (ANF) March weekly 137 straddle priced for a move of 17% into the expected release of quarter results before the bell on March 6.

Campbell Soup (CPB) March weekly 43 straddle priced for a move of 5% into the expected release of quarter results before the bell on March 6.

Foot Locker (FL) March weekly 34 straddle priced for a move of 18% into the expected release of quarter results before the bell on March 6.

United Natural Foods (UNFI) March 15 straddle priced for a move of 13% into the expected release of quarter results before the bell on March 6.

Broadcom (AVGO) March weekly 1400 straddle priced for a move of 8% into the expected release of quarter results after the bell on March 7.

Costco (COST) March weekly 760 straddle priced for a move of 4% into the expected release of quarter results after the bell on March 7.

Movers

New York Community Bancorp (NYCB) 30-day option implied volatility is at 154; compared to its 52-week range of 21 to 233 after delayed financial reports. Call put ratio 1 call to 2.7 puts.

BigBear.ai (BBAI) 30-day option implied volatility is at 219; compared to its 52-week range of 78 to 224. Call put ratio 7.7 calls to 1 put with a focus on March 4.5 and 5 calls as share price up.

Ferrari N.V (RACE) 30-day option implied volatility is at 22; compared to its 52-week range of 16 to 30.
G-III Apparel Group (GIII) 30-day option implied volatility is at 73; compared to its 52-week range of 30 to 101 as share price down.

WK Kellogg (KLG) 30-day option implied volatility is at 36; compared to its 52-week range of 24 to 87. Call put ratio 1 call to 30 puts with a focus on April 12.50 puts.

Kellanova (K) 30-day option implied volatility is at 21; compared to its 52-week range of 13 to 67. Call put ratio 2 calls to 1 put on 10K contracts.

Virtu Financial (VIRT) 30-day option implied volatility is at 28; compared to its 52-week range of 20 to 79. Call put ratio 8.9 calls to 1 put with a focus on June 21 calls.

MSC Industrial (MSM) 30-day option implied volatility is at 22; compared to its 52-week range of 15 to 29. Call put ratio 1 call to 3.2 puts with a focus on March 105 puts.

Options with decreasing option implied volatility: IRWD SOUN IRBT VKTX LMND AAP HIMS ARRY
Increasing unusual option volume: INVZ BBAI PTEN XPOF REAL VLY
Increasing unusual call option volume: REAL HRB SFIX XLI SOUN INVZ BBAI HPE EVLV
Increasing unusual put option volume: SOUN PTEN VLY NYCB SFIX AVTR ATMU
Popular stocks with increasing volume: INTC PLTR NIO SMCI COIN PFE TSM BAC RIVN
Active options: TSLA NVDA AAPL AMD INTC GOOGL MARA PLTR NIO SMCI AMZN COIN PFE GOOG META TSM NYCB BAC RIVN MSFT
Global S&P Futures down in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $81, natural gas up 1%, gold at $2130