Pre-Market IV Report February 3, 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: SI AI CVNA APLS CAR ZM AEO TGT DLTR ROST SJR BTI SPCE DKNG DWAC NEXT CAR COIN AFRM LMND
Stocks expected to have increasing option volume: AMZN X JWN CLX GILD BILL F SKYW TWOU MSTR GOOGL QCOM CRUS SKX AAPL SBUX SI BILL
Option IV elevated into quarter results
Amazon (AMZN) February weekly call option implied volatility is at 230, February is at 85; compared to its 52-week range of 29 to 61.
Apple (AAPL) February weekly call option implied volatility is at 107, February is at 46; compared to its 52-week range of 23 to 45.
Alphabet (GOOG) February weekly call option implied volatility is at 179, February is at 72; compared to its 52-week range of 26 to 49.
Ford Motor (F) February weekly call option implied volatility is at 150, February is at 67; compared to its 52-week range of 35 to 63.
Qualcomm (QCOM) February weekly call option implied volatility is at 139, February is at 59; compared to its 52-week range of 33 to 58.
Starbucks (SBUX) February weekly call option implied volatility is at 133, February is at 52; compared to its 52-week range of 25 to 44.
Movers
Silvergate Capital (SI) 30-day option implied volatility is at 223; compared to its 52-week range of 74 to 275 into faces DOJ fraud investigation related to FTX, Bloomberg says. Call put ratio 2.1 calls to 1 put. Option volume of 253K contracts compared to 90-day average volume of 40K contracts.
Nordstrom (JWN) 30-day option implied volatility is at 60; compared to its 52-week range of 45 to 109 into Ryan Cohen takes stake in Nordstrom, WSJ reports.
Carvana Co. (CVNA) 30-day option implied volatility is at 259; compared to its 52-week range of 77 to 259. Call put ratio 1.5 calls to 1 put.
Bed Bath & Beyond (BBBY) 30-day option implied volatility is at 199; compared to its 52-week range of 93 to 678. Call put ratio 1.4 calls to 1 put.
Halliburton (HAL) 30-day option implied volatility is at 42; compared to its 52-week range of 38 to 63. Call put ratio 1 call to 1.3 puts.
SLB (SLB) 30-day option implied volatility is at 38; compared to its 52-week range of 34 to 61.
Devon Energy (DVN) 30-day option implied volatility is at 44; compared to its 52-week range of 39 to 70. Call put ratio 1.9 calls to 1 put.
Straddle prices into quarter results
Activision Blizzard (ATVI) February weekly 77 straddle priced for a move of 7% into the expected release of quarter results after the bell of February 6. Call put ratio 1 call to 3.3 puts.
Simon Property (SPG) February weekly 131 straddle priced for a move of 5% into the expected release of quarter results after the bell of February 6.
On Semiconductor (ON) February weekly 82 straddle priced for a move of 8% into the expected release of quarter results before the bell of February 6.
Tyson Foods (TSN) February 65 straddle priced for a move of 6.5% into the expected release of quarter results before the bell of February 6.
Take Two (TTWO) February weekly 115 straddle priced for a move of 8% into the expected release of quarter results after the bell of February 6.
Skyworks (SWKS) February weekly 113 straddle priced for a move of 6% into the expected release of quarter results after the bell of February 6.
Pinterest (PINS) February weekly 29 straddle priced for a move of 13% into the expected release of quarter results after the bell of February 6.
Chegg (CHGG) February 20 straddle priced for a move of 15% into the expected release of quarter results after the bell of February 6.
Spirit Airlines (SAVE) February weekly 20 straddle priced for a move of 8% into the expected release of quarter results after the bell of February 6.
Chipotle (CMG) February weekly 1690 straddle priced for a move of 7% into the expected release of quarter results after the bell of February 7.
Walt Disney (DIS) February weekly 113 straddle priced for a move of 6.5% into the expected release of quarter results after the bell of February 8.
DraftKings (DKNG) 30-day option implied volatility is at 74; compared to its 52-week range of 64 to 111. Call put ratio 1.7 calls to 1 put on volume of 129K contracts.
Options with decreasing option implied volatility: AMC SNAP ALGN PTON CFLT GOOS SPOT META HOG INTC UPS EA DB GLW TMUS BSX
Increasing unusual option volume: INVZ FAZE XLC IAC WE BKKT SKX MPLX IGT GOOS AI DBI
Increasing unusual call option volume: SKX ONEM AI HBI GOOS APLS SIRI AIG WE SMMT
Increasing unusual put option volume: SKX ONEM AI HBI GOOS APLS SIRI AIG WE SMMT INDA BALL
Popular stocks increasing options volume: SOFI AMC COIN SNAP PLTR CVNA UPST BBBY C
Active options: TSLA AMZN META AAPL GOOGL AMD NVDA MSFT F SOFI AMC COIN GOOG SNAP PLTR CVNA UPST BBBY C MARA
Global S&P Futures lower in premarket, Nikkei mixed, DAX down 2%, WTI Crude oil recently at $76, natural gas mixed, gold at $1930
