Pre-Market IV Report June 9, 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: MVIS BYND CVNA DPST BMEA SYM FRG AJRD EXPI ALDX OCUL NAPA ISEE VTRS
Stocks expected to have increasing option: GM TSLA F MTN NIO DOCU SIG WYNN LVS
Option IV
Tesla (TSLA) 30-day option implied volatility is at 53; compared to its 52-week range of 44 to 96 into General Motors (GM) announced a collaboration with Tesla to integrate the North American Charging Standard connector design into its EVs beginning in 2025.
General Motors (GM) 30-day option implied volatility is at 30; compared to its 52-week range of 30 to 60.
Chargepoint Holdings Inc. (CHPT) 30-day option implied volatility is at 64; compared to its 52-week range of 62 to 100.
NVIDIA (NVDA) 30-day option implied volatility is at 39; compared to its 52-week range of 39 to 68.
Wayfair (W) 30-day option implied volatility is at 75; compared to its 52-week range of 73 to 125 as shares rally 7%.
SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 37; compared to its 52-week range of 21 to 81.
Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 15; compared to its 52-week range of 15 to 37.
JPMorgan (JPM) 30-day option implied volatility is at 18; compared to its 52-week range of 18 to 44.
Bank of America (BAC) 30-day option implied volatility is at 24; compared to its 52-week range of 22 to 51.
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 $71.
Carvana Co. (CVNA) 30-day option implied volatility is at 174; compared to its 52-week range of 112 to 267 amid wide price movement.
Straddle prices into quarter results
Nio (NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results today before the bell.
Oracle (ORCL) June 107 straddle is priced for a move of 5% into the expected release of quarter results after the bell on June 12.
Lordstown Motors (RIDE) June 3 straddle is priced for a move of 28% into the expected release of quarter results on June 12.
Lennar (LEN) June 113 straddle is priced for a move of 4.5% into the expected release of quarter results after the bell on June 14.
Adobe (ADBE) June 440 straddle is priced for a move of 7% into the expected release of quarter results after the bell on June 15.
Kroger (KR) June 46 straddle is priced for a move of 7% into the expected release of quarter results before the bell on June 15.
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.
Options with decreasing option implied volatility: APRN GTLB ASAN IOT MCB MDB LULU S CHPT AVGO FIVE ASO ZS
Increasing unusual option volume: WMB IGT ASHR EGO EXK GLNG IGT
Increasing unusual call option volume: WMB GLNG ASHR IGT EGO VVV HCP
Increasing unusual put option volume: HAS SMG SIG CVNA BKR INFY VTNR MVIS FGEN OHI
Active options: TSLA NVDA AMZN AAPL AMD PLTR CVNA META GME SOFI GOOGL MSFT F BA BAC MU GOOG BABA NIO NFLX
Global S&P Futures mixed to lower in premarket, Nikkei up 1.5%, DAX mixed, WTI Crude oil recently at $71, natural gas mixed, gold at $1979
