Pre-Market IV Report August 16, 2023
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: FRHC HE LITE CAPR MITK DFS AAP NU PLMR BCRX PACW
Stocks expected to have increasing option volume: CAVA A DLO TGT WMT TJX PANW EAT HRB INTC
Option IV into quarter results
Target (TGT) August option implied volatility is at 101, September is at 42; compared to its 52-week range of 26 to 52 into the expected release of quarter results today before the bell.
Walmart (WMT) August option implied volatility is at 54, September is at 24; compared to its 52-week range of 12 to 32 into quarter results on August 17.
Palo Alto Networks (PANW) August option implied volatility is at 77, September is at 47; compared to its 52-week range of 26 to 55 into the expected release of quarter results after the bell on August 18.
Option IV into UAW contract negotiating
BorgWarner (BWA) 30-day option implied volatility is at 29; compared to its 52-week range of 24 to 72 into United Auto Workers contract negotiating.
American Axle (AXL) 30-day option implied volatility is at 46; compared to its 52-week range of 39 to 101 into United Auto Workers contract negotiating. Call put ratio 36 calls to 1 put with focus on September calls.
Cummins (CMI) 30-day option implied volatility is at 24; compared to its 52-week range of 19 to 80 into United Auto Workers contract negotiating.
Aptiv (APTV) 30-day option implied volatility is at 31; compared to its 52-week range of 26 to 89 into United Auto Workers contract negotiating.
Autoliv (ALV) 30-day option implied volatility is at 26; compared to its 52-week range of 22 to 185 into United Auto Workers contract negotiating.
Straddle prices into quarter results
Cisco (CSCO) August 53 straddle is priced for a move of 5% into the expected release of quarter results today after the bell on August 16.
Target (TGT) August 125 straddle is priced for a move of 7.5% into the expected release of quarter results today before the bell.
TJX Companies (TJX) August 86 straddle is priced for a move of 5% into the expected release of quarter results before the bell on August 16.
Walmart (WMT) August 160 straddle is priced for a move of 4% into the expected release of quarter results before the bell on August 17.
Applied Materials (AMAT) August 140 straddle is priced for a move of 4% into the expected release of quarter results after the bell on August 17.
Ross Stores (ROST) August 114 straddle is priced for a move of 6.5% into the expected release of quarter results after the bell on August 17.
Deere (DE) August 430 straddle is priced for a move of 5% into the expected release of quarter results before the bell on August 18.
Palo Alto Networks (PANW) August 215 straddle is priced for a move of 6% into the expected release of quarter results after the bell on August 18.
Estee Lauder (EL) August 160 straddle is priced for a move of 7% into the expected release of quarter results before the bell on August 18.
Vipshop (VIPS) August 16 straddle is priced for a move of 8% into the expected release of quarter results before the bell on August 18.
XPeng (XPEV) August 16 straddle is priced for a move of 8% into the expected release of quarter results before the bell on August 18.
Buckle (BKE) August 37.50 straddle is priced for a move of 7% into the expected release of quarter results before the bell on August 18.
Option movers
Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 17; compared to its 52-week range of 13 to 37. Call put ratio 1 call to 3 puts.
SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 32; compared to its 52-week range of 21 to 81.
Hawaiian Electric Industries (HE) 30-day option implied volatility is at 140; compared to its 52-week range of 16 to 140.
Options with decreasing option implied volatility: CPRI GRPN LYFT APPS ARRY APP UPST PCT RBLX BMBL BROS TWLO RIVN LAZR
Increasing unusual option volume: MCHI KVUE YELL GNS EDR ASTL GSM PCAR
Increasing unusual call option volume: GNS ASTL TSEM PCAR COMM DFS DINO
Increasing unusual put option volume: TJX NU TJX STLA A DLO KVUE XP COTY EWG JNJ SE
Popular stocks with increasing volume: JNJ KVUE PYPL PBR NIO BABA BAC PLTR DIS HD X
Active options: NVDA TSLA AMC AAPL JNJ AMZN KVUE MSFT AMD SE PYPL PBR NIO BABA BAC META PLTR DIS HD X
Global S&P Futures mixed in premarket, Nikkei down 1%, DAX mixed, WTI Crude oil recently at $81, natural gas mixed, gold at $1935.
