Pre-Market IV Report March 7, 2024

Pre-Market IV Report March 7, 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: TSLY SMCI MANU TSM COST CPRI HSBC MOR HA GLD MRNS YEXT INFN TERN NMM SSYS KGS OSPN VLY GTES NVD HPE RSI OSCR DSGX VET RTO RMD

Stocks expected to have increasing option volume: KR BURL CIEN BJ AEO AVGO COST VSCO SMCI CC

Chip option implied volatility amid wide price movement

NVIDIA (NVDA) March weekly call option implied volatility is at 55, March is at 49; 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 93, March is at 122; compared to its 52-week range of 34 to 170.

Super Micro Computer (SMCI) March weekly call option implied volatility is at 134, March is at 135; compared to its 52-week range of 34 to 117.

AMD (AMD) 30-day option implied volatility is at 53; compared to its 52-week range of 34 to 58.

Movers

Microstrategy, Inc. (MSTR) 30-day option implied volatility is at 149; compared to its 52-week range of 55 to 164 as share price above $1245.

Tesla (TSLA) 30-day option implied volatility is at 49; compared to its 52-week range of 40 to 67.

General Electric (GE) 30-day option implied volatility is at 30; compared to its 52-week range of 19 to 37 into investors days.

Rivian Automotive (RIVN) 30-day option implied volatility is at 79; compared to its 52-week range of 57 to 100. Call put ratio 3.1 calls to 1 put into R2 introduction.

SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 33; compared to its 52-week range of 24 to 81. Call put ratio 1 call to 1.8 puts.

Straddle prices into quarter results

Costco (COST) March weekly 775 straddle priced for a move of 4% into the expected release of quarter results today after the bell.

Petro Bras (PBR) March weekly 16 straddle priced for a move of 4% into the expected release of quarter results today after the bell.

Marvell Technology (MRVL) March weekly 79 straddle priced for a move of 11% into the expected release of quarter results today after the bell.

MongoDB (MDB) March weekly 410 straddle priced for a move of 14% into the expected release of quarter results today after the bell.

Burlington Stores (BURL) March weekly straddle 205 priced for a move of 10% into the expected release of quarter results today before the bell.

BJ’s Wholesale (BJ) March 70 straddle priced for a move of 7% into the expected release of quarter results today before the bell.

Ciena (CIEN) March 60 straddle priced for a move of 12% into the expected release of quarter results today before the bell.

American Eagle (AEO) March weekly 23.50 straddle priced for a move of 11% into the expected release of quarter results today before the bell.

DocuSign (DOCU) March weekly 52 straddle priced for a move of 11% into the expected release of quarter results today after the bell.

Gap (GPS) March weekly 19 straddle priced for a move of 13% into the expected release of quarter results today after the bell.

Kroger (KR) March weekly 50 straddle priced for a move of 6% into the expected release of quarter results today before the bell.

Movers

Xcel Energy (XEL) 30-day option implied volatility is at 44; compared to its 52-week range of 12 to 71. Call put ratio 1 call to 3.6 puts with a focus on June 50 puts.

Bloom Energy Corp. (BE) 30-day option implied volatility is at 70; compared to its 52-week range of 41 to 290. Call put ratio 5 calls to 1 put with a focus on June 16 calls.

Academy Sports and Outdoor (ASO) 30-day option implied volatility is at 53; compared to its 52-week range of 31 to 62. Call put ratio 4.6 calls to 1 put with a focus on March weekly calls.

Kosmos Energy (KOS) 30-day option implied volatility is at 43; compared to its 52-week range of 31 to 63. Call put ratio 1 call to 16 puts with a focus on October puts.

Bausch Health Co. Inc. (BHC) 30-day option implied volatility is at 46; compared to its 52-week range of 26 to 92. Call put ratio 1 call to 3 puts with a focus on March 9 puts.

Honda Motor (HMC) 30-day option implied volatility is at 20; compared to its 52-week range of 13 to 72 with a focus on October 40 calls and puts.

Geron Corp (GERN) 30-day option implied volatility is at 205; compared to its 52-week range of 56 to 220.

Options with decreasing option implied volatility: BYND SOUN BMEA IRWD SE ESTC DUOL AI OKTA
Increasing unusual option volume: VLY NYCB ABUS PRGO KOS HSBC BBAI EVA HPE INFN REI CIEN REAL ATMU
Increasing unusual call option volume: PRGO HSBC ABUS BBAI HPE EVA INFN REI
Increasing unusual put option volume: ATMU VLY SOUIN CMI CIEN XPO NYCB
Popular stocks with increasing volume: SOFI CRWD JD INTC GOOGL NIO COIN SMCI PANW TSM
Active options: TSLA PLTR NVDA AAPL AMD SOFI CRWD JD INTC MSFT MARA PFE GOOGL META NIO AMZN COIN SMCI PANW TSM
Global S&P Futures mixed in premarket, Nikkei down 1%, DAX mixed, WTI Crude oil recently at $78.60, natural gas mixed, gold at $2161