Pre-Market IV Report July 6, 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: JOBY DWAC HOOD TEAM SQ ANET UBER PINS SHAK EPXE FTNT ISEE SBUX EA CVX CLX TEVA LEVI WOLF CAR
Stocks expected to have increasing option volume: META SAVE JBLU AAL
Option implied volatility for Entertainment and Gaming
Caesars (CZR) 30-day option implied volatility is at 48; compared to its 52-week range of 41 to 85.
MGM Resorts (MGM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 62. Call put ratio 3.2 calls to 1 put.
Las Vegas Sands (LVS) 30-day option implied volatility is at 37; compared to its 52-week range of 29 to 67.
Wynn Resorts (WYNN) 30-day option implied volatility is at 34; compared to its 52-week range of 31 to 74.
Melco Resorts (MLCO) 30-day option implied volatility is at 47; compared to its 52-week range of 44 to 129.
DraftKings (DKNG) 30-day option implied volatility is at 58; compared to its 52-week range of 46 to 108.
Penn National Gaming (PENN) 30-day option implied volatility is at 50; compared to its 52-week range of 39 to 76.
Bally’s Corporation (BALY) 30-day option implied volatility is at 45; compared to its 52-week range of 43 to 76.
Boyd Gaming (BYD) 30-day option implied volatility is at 24; compared to its 52-week range of 21 to 97. Call put ratio 7.6 calls to 1 put with focus on January calls.
Sphere Entertainment Co (SPHR) 30-day option implied volatility is at 49; compared to its 52-week range of 38 to 98 into MSG Sphere is scheduled to officially open September 29, 2023.
Straddle prices into quarter results
Levi Strauss (LEVI) July 15 straddle is priced for a move of 11% into the expected release of quarter results today after the bell.
Arb Movers
Activision Blizzard (ATVI) 30-day option implied volatility is at 45; compared to its 52-week range of 15 to 46 into Microsoft (MSFT) and Activision deal expires on July 18.
Options with decreasing option implied volatility: MANU BB NKE MU UBS GIS STZ AZN SGEN ET
Increasing unusual option volume: GLNG TMC BTAI OPRA COMM REI
Increasing unusual call option volume: TMC BTAI OPRA BCS COMM COTY FOS LOGI
Increasing unusual put option volume: CARR DM CNK BIG COTY INFY UNIT HIMS SAVA
Popular stocks increasing volume: COIN CCL PBR NIO RIVN XPEV AI
Active options: TSLA META AAPL NVDA AMZN RIVN AMD NIO AMC MARA CCL GOOGL MSFT PBR NFLX XPEV COIN LCID NKLA BABA
Global S&P Futures down in premarket, Nikkei down 1.5%, DAX down 1%, WTI Crude oil recently at $72, natural gas mixed, gold at $1924
