Pre-Market IV Report May 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: IEP AVIR MRSN INOD UPST IONQ ACHV RCRX KOD COCO GME AMC AMPX FDX SGEN
Stocks expected to have increasing option volume: ZM DKS PANW LOW NVDA WSM KSS ANF TOL URBN SNOW VIPS YELP
Option IV movement
ARK Innovation ETF (ARKK) 30-day option implied volatility is at 35; compared to its 52-week range of 35 to 82.
Technology Select Sector Spdr Fund (XLK) 30-day option implied volatility is at 18; compared to its 52-week range of 18 to 39.
Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 18; compared to its 52-week range of 17 to 37.
Spdr S&P Bank Etf (KBE) 30-day option implied volatility is at 35; compared to its 52-week range of 21 to 71.
SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 41; compared to its 52-week range of 21 to 81.
Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 81; compared to its 52-week range of 30 to 398.
Pacwest Bancorp (PACW) 30-day option implied volatility is at 197; compared to its 52-week range of 28 to 478.
Walt Disney (DIS) 30-day option implied volatility is at 25; compared to its 52-week range of 24 to 49.
Upstart Holdings (UPST) 30-day option implied volatility is at 113; compared to its 52-week range of 86 to 163.
Yelp (YELP) 30-day option implied volatility is at 33; compared to its 52-week range of 28 to 102 into activist investor calls on Yelp to explore sale, WSJ reports.
Straddle prices into quarter results
Lowe’s Cos. (LOW) May weekly 202.50 straddle is priced for a move of 4.5% into the expected release of quarter results today before the bell.
Palo Alto (PANW) May weekly 192 straddle is priced for a move of 8% into the expected release of quarter results today after the bell.
Dick’s Sporting Goods (DKS) May weekly 126 straddle is priced for a move of 9% into the expected release of quarter results today before the bell.
Toll Brothers (TOL) May weekly 65 straddle is priced for a move of 6% into the expected release of quarter results today after the bell.
Urban Outfitters (URBN) May weekly 27 straddle is priced for a move of 10.50% into the expected release of quarter results today after the bell.
NVIDIA (NVDA) May weekly 312 straddle is priced for a move of 7% into the expected release of quarter results after the bell on May 24.
Analog Devices (ADI) May weekly 190 straddle is priced for a move of 4% into the expected release of quarter results before the bell on May 24.
Snowflake (SNOW) May weekly 177.50 straddle is priced for a move of 12.5% into the expected release of quarter results after the bell on May 24.
Splunk (SPLK) May weekly 98 straddle is priced for a move of 9% into the expected release of quarter results after the bell on May 24.
XPeng (XPEV) May weekly 9.5 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 24.
Kohl’s (KSS) May weekly 19.50 straddle is priced for a move of 14% into the expected release of quarter results before the bell on May 24.
Abercrombie & Fitch (ANF) May weekly 23 straddle is priced for a move of 14% into the expected release of quarter results before the bell on May 24.
Costco (COST) May weekly 492 straddle is priced for a move of 3% into the expected release of quarter results after the bell on May 25.
Options with decreasing option implied volatility: PACW VKTX CTLT WAL STNE ONON XP BBWI ONON SE TGT TTWO FL NU ROST HBAN CSCO SBLK DE TJX
Increasing unusual option volume: FL MUR REI RYAM SMAR LOVE MQ NNOX WES AMTX GPN TRUP RAIN IVZ
Increasing unusual call option volume: WES MQ HZNP NNOX GPN AMTX IONQ SDGR SMAR HEAR FGEN REI XP PAGP
Increasing unusual put option volume: BHC DKS NAT IP FTCH NANOS ICPT SRG TRUP GPN FL IONQ HLF FYBR
Popular stocks increasing volume: PLTR PFE UPST NIO MU PYPL SHOP AMC DIS UBER NFLX
Active options: TSLA AMZN AAPL AMD GOOGL META PLTR PFE GOOG NVDA UPST MSFT NIO MU PYPL SHOP AMC DIS UBER NFLX
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $71.50, natural gas mixed, gold at $1958
