Pre-Market IV Report July 10, 2024

Pre-Market IV Report July 10, 2024

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Pre-Market IV Report July 10, 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: UPST RILY UPST AAOI RBLX PLTR APP ARM U TRIP LYFT TGTX ELF TTD TOST BMBL DDOG CPNG TWLO

Stocks expected to have increasing option volume: ORCL CMG LZ AEHR HZO PEP CAG DAL CTAS

Movers

Oracle (ORCL) 30-day option implied volatility is at 22; compared to its 52-week range 19 to 46 after Information report of ended xAI talks. July 12 weekly 140 calls active on total option volume of 92K contracts.

Netflix (NFLX) 30-day option implied volatility is at 45; compared to its 52-week range of 24 to 51 into expected release of quarter results on July 18. Call put ratio 2 call to 1 put.

Walmart (WMT) 30-day option implied volatility is at 15; compared to its 52-week range of 12 to 24 as share price near record high.

Costco (COST) 30-day option implied volatility is at 19; compared to its 52-week range of 15 to 33 as share price near record high.

Straddle price into quarter results

Pepsico (PEP) July 162.5 weekly straddle priced for a move of 2.5% into the expected release of quarter results before the bell on July 11.

Progressive Corp (PGR) July 210 straddle priced for a move of 5.5% into the expected release of quarter results on July 11.

Cintas (CTAS) July 710 straddle priced for a move of 5% into the expected release of quarter results on July 11.

Delta Airlines (DAL) July 12 weekly 47 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on July 11.

ConAgra (CAG) July 12 weekly 28.50 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 11.

Volume Movers

Baidu (BIDU) 30-day option implied volatility is at 43; compared to its 52-week range of 31 to 52. Call put ratio 7.9 calls to 1 put with focus on 2600 contracts of July 12 weekly 98 calls trading at 35c and 1K contracts of August 2 weekly 110 calls at $1.17. Option volume of 241K contracts is active as share price up.

ArcBest (ARCB) 30-day option implied volatility is at 43; compared to its 52-week range of 31 to 89 as share price down.

Illumina (ILMN) 30-day option implied volatility is at 47; compared to its 52-week range of 31 to 69. Call put ratio 1 call to 9.1 puts with 4K contracts of August 90 puts trading at 90c and 1K trading at 95c with stocks price at $107.42.

Monro, Inc (MNRO) 30-day option implied volatility is at 50; compared to its 52-week range of 25 to 47. Call put ratio 1 call to 124 puts as traders active in October 25 puts and January 22.50 puts as share price down.

ManpowerGroup (MAN) 30-day option implied volatility is at 34; compared to its 52-week range of 14 to 78. Call put ratio 1 call to 4.7 puts with focus on July 65 puts as share price down.

Rockwell Automation (ROK) 30-day option implied volatility is at 32; compared to its 52-week range of 19 to 67. Spreaders active; a seller of 807 contracts of August 270 calls at $7.30 and 1614 contracts of August 300 calls sold at $1.25 with share price at $260.70.

Options with decreasing option implied volatility: IRBT GME PARA STZ
Increasing unusual option volume: HELE SGH GPRE MAT ACI CMG GLW MFC GLBE
Increasing unusual call option volume: ACI GPRE CMG GLW T GLBE NVTS
Increasing unusual put volume: OWL BKR SIRI CMG PTEN NWL GLW ICLN ALK BXMT CMA TPX SATS HLF CORZ
Popular stocks with increasing volume: INTC RIVN BIDU BAC MU NKE SMCI CMG TSM
Active options: NVDA TSLA AAPL AMD INTC AMZN PLTR SIRI RIVN BIDU META BAC MSFT MU NKE MARA GME SMCI CMG TSM
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $81.50, natural gas up 1%, gold at $2379

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