Pre-Market IV Report June 23, 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: FGEN SPCE ATVI BITO ALLY UBS IBM APRN ROOT XAIR IMGN EXEL OSTK SHC SWBI SPR WAL MDRX BOH EC JEF KTOS UBS ARI CM STWD
Stocks expected to have increasing option volume: F MSFT ATVI MMM ADBE SPCE KMX SPR LLY
Oil option IV near low end of range as WTI crude trends lower
United States Oil Fund (USO) 30-day option implied volatility is at 33; compared to its 52-week range of 30 to 52 as WTI Crude trades $68.50.
ExxonMobil (XOM) 30-day option implied volatility is at 23; compared to its 52-week range of 23 to 47.
Chevron (CVX) 30-day option implied volatility is at 21; compared to its 52-week range of 21 to 44 as WTI Crude trades $68.50.
Option IV
Straddle prices into quarter results
Carnival Cruise Lines (CCL) June weekly 15.5 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 26.
Lordstown Motors (RIDE) June weekly 3.5 straddle is priced for a move of 24% into the expected release of quarter results on June 26.
Walgreens Boots (WBA) June weekly 31.50 straddle is priced for a move of 6.5% into the expected release of quarter results before the bell on June 27.
General Mills (GIS) July 80 straddle is priced for a move of 5.5% into the expected release of quarter results before the bell on June 28.
Micron (MU) June weekly 66 straddle is priced for a move of 6.5% into the expected release of quarter results after the bell on June 28.
BlackBerry (BB) June weekly 5 straddle is priced for a move of 12% into the expected release of quarter results after the bell on June 28.
Movers
Wheels Up Experience (UP) 30-day option implied volatility is at 122; compared to its 52-week range of 20 to 111 as share price collapses. Call put ratio 1 call to 5 puts.
Overstock.com (OSTK) 30-day option implied volatility is at 71; compared to its 52-week range of 55 to 100. Call put ratio 4.7 calls to 1 put as shares rally.
Options with decreasing option implied volatility: APLS DLO COHR SBSW ADBE AUPH GME SOFI SRPT
Increasing unusual option volume: MAT ASTL HUN ACHR VRT PTEN SIMO SENS SRPT
Increasing unusual call option volume: ACHR ASTL VRT SIMO IRBT ICLN
Increasing unusual put option volume: SIMO DBX CARR RRC EWJ KMX SIRI SBSW
Popular stocks increasing volume: PLTR INTC PBR RIVN BAC NKLA NFLX PFE
Active options: TSLA AMZN NVDA AMD AAPL AMC PLTR MARA MSFT INTC META PBR GOOGL RIVN BAC GOOG F NKLA NFLX PFE
Global S&P Futures mixed to lower in premarket, Nikkei down 1%, DAX mixed to lower, WTI Crude oil recently at $68.50, natural gas down 1%, gold at $1928
