Pre-Market IV Report December 19, 2023

Pre-Market IV Report December 19, 2023

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Pre-Market IV Report December 19, 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: ASTL CVAC DOOR BCRX HASI PCG UAA TK VFC ZIM MANU FRO

Stocks expected to have increasing option volume: MU ACN FDX NKE CONN CJJ

Apple (AAPL) 30-day option implied volatility is at 16; compared to its 52-week range of 16 to 43 amid to halt US sales of smartwatches after patent loss.

Cameco Corp. (CCJ) 30-day option implied volatility is at 40; compared to its 52-week range of 31 to 52 into hosting a virtual investor day on December 19.

Straddle prices into quarter results

FedEx (FDX) December weekly 280 straddle is priced for a move of 5.5% into the expected release of quarter results today after the bell.

Micron (MU) December weekly 81.50 straddle is priced for a move of 6.5% into the expected release of quarter results after the bell on December 20.

General Mills (GIS) December weekly 66 straddle is priced for a move of 5% into the expected release of quarter results before the bell on December 20.

Carnival Corp (CCL) December weekly 18.50 straddle is priced for a move of 8% into the expected release of quarter results on December 20.

BlackBerry (BB) December weekly 4 straddle is priced for a move of 21% into the expected release of quarter results after the bell on December 20.

Nike (NKE) December weekly 121 straddle is priced for a move of 6% into the expected release of quarter results after the bell on December 22.

Volume

Adobe Inc. (ADBE) 30-day option implied volatility is at 26; compared to its 52-week range of 26 to 47 following news that the software company and Figma have mutually agreed to terminate their previously announced $20B merger. Call put ratio 2.2 calls to 1 put.

V.F. Corp. (VFC) 30-day option implied volatility is at 51; compared to its 52-week range of 37 to 68 on 23K contracts.

SunPower (SPWR) 30-day option implied volatility is at 125; compared to its 52-week range of 53 to 125 on 149K contracts.

PBF Energy (PBF) 30-day option implied volatility is at 39; compared to its 52-week range of 38 to 107. Call put ratio 14 calls to 1 put with focus on April 55 calls.

Mr. Cooper Group (COOP) 30-day option implied volatility is at 24; compared to its 52-week range of 22 to 108 amid active January 65 puts.

ZimVie Inc. (ZIMV) 30-day option implied volatility is at 66; compared to its 52-week range of 30 to 90 amid active January calls.

Utz Brands (UTZ) 30-day option implied volatility is at 34; compared to its 52-week range of 22 to 56 amid active January calls.

Ishares Msci India Etf (INDA) 30-day option implied volatility is at 11; compared to its 52-week range of 9 to 49 amid active June calls.

Options with decreasing option implied volatility: AYX PNT CAVA X SIRI LNTH JCI CRSP
Increasing unusual option volume: UPWK GOTU INDA ACI HLT ALT
Increasing unusual call option volume: ELAN BLUE UDN AVGO AYX GES
Increasing unusual put option volume: BMBL CYTK CWH APD JBHT HASI SPWR UNIT
Popular stocks with increasing volume: SOFI AMD AVGO PLTR PFE X RIVN BAC BABA
Active options: TSLA AMZN AAPL GOOGL NIO META MARA SOFI AMD AVGO PLTR MSFT PFE X RIVN BAC NFLX GOOG BABA
Active ETFs: SPY QQQ IWM HYG TQQQ TLT SQQQ JETS EEM GDX GLD
Global S&P Futures mixed to in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $72, natural gas up 1%, gold at $2041

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