Pre-Market IV Report June 7, 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: BIG MVIS IMMR SMAR DBI AIP CPB DLO BIG
Stocks expected to have increasing option volume: SFIX CPB DOCU GME SIG NIO
“The Magnificent Seven.” option implied volatility trends lower
Apple (AAPL) 30-day option implied volatility is at 19; compared to its 52-week range of 19 to 45.
Microsoft (MSFT) 30-day option implied volatility is at 19; compared to its 52-week range of 19 to 43.
Alphabet (GOOGL) 30-day option implied volatility is at 24; compared to its 52-week range of 24 to 47.
Meta Platforms (META) 30-day option implied volatility is at 29; compared to its 52-week range of 29 to 78.
NVIDIA (NVDA) 30-day option implied volatility is at 39; compared to its 52-week range of 39 to 68.
Tesla (TSLA) 30-day option implied volatility is at 51; compared to its 52-week range of 44 to 96.
Amazon (AMZN) 30-day option implied volatility is at 26; compared to its 52-week range of 26 to 61.
Movers
Snowflake (SNOW) 30-day option implied volatility is at 49; compared to its 52-week range of 47 to 91 into Snowflake Summit 2023 live in Las Vegas, Nevada from June 26-29, 2023.
Coinbase (COIN) June weekly call option implied volatility is at 124, June is at 115; compared to its 52-week range of 81 to 150 after The SEC sues Coinbase, accusing the company of acting as an unregistered broker and exchange. Call put ratio 1 call to 1.6 puts.
AB InBev SA (BUD) 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 42 as shares near six-month low.
Toll Brothers (TOL) 30-day option implied volatility is at 25; compared to its 52-week range of 25 to 55 as shares near record high.
iShares MSCI Turkey ETF (TUR) 30-day option implied volatility is at 41; compared to its 52-week range of 29 to 94.
Straddle prices into quarter results
GameStop (GME) June weekly 24.50 straddle is priced for a move of 18% into the expected release of quarter results today after the bell.
United Natural Foods (UNFI) June 25 straddle is priced for a move of 12% into the expected release of quarter results today before the bell.
DocuSign (DOCU) June weekly 59 straddle is priced for a move of 13% into the expected release of quarter results after the bell on June 8.
Vail Resorts (MTN) June 260 straddle is priced for a move of 6% into the expected release of quarter results after the bell on June 8.
Signet Jewelers (SIG) June weekly 68 straddle is priced for a move of 10% into the expected release of quarter results before the bell on June 8.
Designer Brands (DBI) June 7 straddle is priced for a move of 15% into the expected release of quarter results before the bell on June 8.
Nio (NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 9.
Options with decreasing option implied volatility: M CHWY MDB OKTA IOT SOXS CHPT JWN IEP AI DPST
Increasing unusual option volume: AI DPST PACW IEP JWN CPRI UVIX PSTG ASAN M CHWY AVGO MDB OKTA
Increasing unusual call option volume: GENI KOD IAT IVZ DLO VVV MODG SMAR BIG EWJ SFIX EWJ PLAY IAT CIEN BLK
Increasing unusual put option volume: NWL IP TSN EDIT DM EWJ MVIS DNA SFIX APP GTLB BHC PLAY NWL THC FRPT
Popular stocks increasing volume: NIO AMC COIN PLTR SOFI SHOP BAC INTC MARA BABA DIS AI
Active options: TSLA AAPL NVDA AMD AMZN COIN GOOGL META PLTR SOFI SHOP BAC INTC MARA BABA DIS MSFT AI NIO AMC
Global S&P Futures mixed in premarket, Nikkei down 1.5%, DAX mixed, WTI Crude oil recently at $71, natural gas mixed, gold at $1974
