Pre-Market IV Report December 20, 2023

Pre-Market IV Report December 20, 2023

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Pre-Market IV Report December 20, 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: ZIM HE CYTK IREN OPI BPMC BGC ZIM EXAS NKE MU GIS AFRM HOOD BOWL HA NWL PGTI PHIN X TWO STX RTX

Stocks expected to have increasing option volume: FDX UPS GIS SCS PYAX CTAS BB KMX MU ACN FDX NKE

Movers

FedEx (FDX) 30-day option implied volatility is at 31; compared to its 52-week range of 21 to 46 into Q2 earnings miss, revenue guidance cut.

UPS (UPS) 30-day option implied volatility is at 21; compared to its 52-week range of 18 to 38 into FedEx (FDX) Q2 earnings miss, revenue guidance cut.

Apple (AAPL) 30-day option implied volatility is at 16; compared to its 52-week range of 16 to 43 as share price near record high.

Kenvue (KVUE) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 54 amid active February, March and April option spread volume.

Starbucks (SBUX) 30-day option implied volatility is at 18; compared to its 52-week range of 15 to 34.

Straddle prices into quarter results

Micron (MU) December weekly 82 straddle is priced for a move of 5% into the expected release of quarter results today after the bell.

General Mills (GIS) December weekly 67 straddle is priced for a move of 4.5% into the expected release of quarter results today before the bell.

Carnival Corp (CCL) December weekly 18.50 straddle is priced for a move of 7.5% into the expected release of quarter results today.

BlackBerry (BB) December weekly 4 straddle is priced for a move of 12% into the expected release of quarter results today after the bell.

Nike (NKE) December weekly 123 straddle is priced for a move of 6% into the expected release of quarter results after the bell on December 22.

Cintas (CTAS) January 560 straddle is priced for a move of 5% into the expected release of quarter results before the bell on December 22.

Paychex (PAYX) January 129 straddle is priced for a move of 5.5% into the expected release of quarter results before the bell on December 22.

CarMax (KMX) December weekly 77 straddle is priced for a move of 11% into the expected release of quarter results before the bell on December 22.

Volume Movers

Heico Corp. (HEI) 30-day option implied volatility is at 19; compared to its 52-week range of 17 to 69 amid active January options.

Nordic American Tanker (NAT) 30-day option implied volatility is at 60; compared to its 52-week range of 32 to 66 amid active February 5 calls volume.

Array Technologies Inc. (ARRY) 30-day option implied volatility is at 62; compared to its 52-week range of 44 to 139.

General Cable (BGC) 30-day option implied volatility is at 43; compared to its 52-week range of 24 to 55 amid active January 7 call volume.

Options with decreasing option implied volatility: AYX PNT KVUE SAVA X LNTH JBL VRTX
Increasing unusual option volume: BOWL CERE CAN CLNE REAL UBS EWJ
Increasing unusual call option volume: STNE EWW MO CAN CLNE EWJ UBS MOR CERE
Increasing unusual put option volume: UEC BLUE UBS EWJ TRIP LTHM BKLN AU IEF
Popular stocks with increasing volume: MO SNAP C PFE KVUE NIO SOFI AFRM HOOD BAC
Active options: TSLA NVDA AMD BABA MARA AMZN AAPL MO SNAP META C PFE KVUE NIO SOFI AFRM HOOD BAC GOOGL MSFT
Active ETFs: SPY QQQ EEM EWZ EFA HYG SQQQ TLT TQQQ GDX
Global S&P Futures mixed to in premarket, Nikkei up 1.3%, DAX mixed, WTI Crude oil recently at $74.50, natural gas up 1.5%, gold at $2054

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