Pre-Market IV Report May 23, 2024

Pre-Market IV Report May 23, 2024

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Pre-Market IV Report May 23, 2024

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: GME PLSE AMC ACB HA JKS MRNA BE ARQT SHLS ARRY BNTX DQ FSLR TAN KOLD BOIL UNG XP ACN

Stocks expected to have increasing option volume: NVDA DELL SNOW ELF VFC INTU WDAY NET ADSK ROST RL BJ RH RAMP ZUO NVDA DELL MU SMCI AMD INTC SNOW ENS ELF VFC PLUS SNPS CYTK RPRX LYV GFS BE MRNA PFE GFS DD

NVIDIA (NVDA) option IV as share price above $1000 before the bell

NVIDIA (NVDA) May weekly call option implied volatility is at 139, June is at 53; compared to its 52-week range of 32 to 68 as share price above $1000 before the bell.

Dell Technologies (DELL) 30-day option implied volatility is at 60; compared to its 52-week range of 23 to 64. Call put ratio 3.3 calls to 1 put as share price above $155 before the bell.

Super Micro Computer (SMCI) May weekly call option implied volatility is at 140, June is at 73; compared to its 52-week range of 54 to 118 as share price above $900 before the bell.

AMD (AMD) 30-day option implied volatility is at 42; compared to its 52-week range of 34 to 59.

Intel (INTC) 30-day option implied volatility is at 31; compared to its 52-week range of 28 to 49.

Option IV for stocks with headlines

Moderna (MRNA) 30-day option implied volatility is at 59; compared to its 52-week range of 40 to 66 into Moderna and Pfizer (PFE) in talks with U.S. on HSN1 bird flu vaccine, Reuters says.

Pfizer (PFE) 30-day option implied volatility is at 25; compared to its 52-week range of 18 to 34 into Pfizer and Moderna (MRNA) in talks with U.S. on HSN1 bird flu vaccine, Reuters says.

Live Nation Entertainment (LYV) 30-day option implied volatility is at 25; compared to its 52-week range of 23 to 77 into Justice Department, states to sue Live Nation for antitrust, Bloomberg says.

DuPont (DD) 30-day option implied volatility is at 15; compared to its 52-week range of 14 to 30 into DuPont to separate into three independent publicly-traded companies.

Straddle prices into quarter results

Intuit (INTU) May weekly 670 straddle priced for a move of 5% into the expected release of quarter results today after the bell.

Workday (WDAY) May weekly 260 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

Ross Store (ROST) May weekly 132 straddle priced for a move of 5.5% into the expected release of quarter results today after the bell.

Deckers Outdoor (DECK) June 890 straddle priced for a move of 12% into the expected release of quarter results today after the bell.

RH (RH) May weekly 255 straddle priced for a move of 4.5% into the expected release of quarter results today.

Movers

Dycom Industries (DY) 30-day option implied volatility is at 25; compared to its 52-week range of 25 to 80 as share price up 6.8%.

Daqo New Energy (DQ) 30-day option implied volatility is at 65; compared to its 52-week range of 40 to 103 with a focus on June 25 and August 30 calls as share price up.

Starbucks (SBUX) 30-day option implied volatility is at 22; compared to its 52-week range of 15 to 35 with a focus on June 75 and 85 puts as share price up 4%.

EnerSys (ENS) 30-day option implied volatility is at 28; compared to its 52-week range of 21 to 75 amid active June 95 puts.

Ishares U.S. Home Construction Etf (ITB) 30-day option implied volatility is at 22; compared to its 52-week range of 20 to 34 amid active June 102 and 105 puts.

Axsome Therapeutics (AXSM) 30-day option implied volatility is at 39; compared to its 52-week range of 34 to 103 with focus on June 82.50 and 90 calls.

Options with decreasing option implied volatility: GME AMC OKLO RILY BKKT CGC ZIM BITI BYND UAA ZM PANW
Increasing unusual option volume: FFIE BNED GSL PTEN IP HA FREY
Increasing unusual call option volume: GSL BNED FFIE INSM IP BNTX WOOF DQ
Increasing unusual put option volume: HA PTEN XME ITB URBN ZM TGT
Popular stocks with increasing volume: SBUX WBD SHOP PFE MSFT GME FCX TGT PDD BABA COIN
Active options: TSLA AAPL NVDA AMD SBUX AMZN WBD SHOP PFE MSFT GME ENPH META MARA FCX TGT PDD BABA COIN FSLR
Global S&P Futures mixed in premarket, Nikkei up 1.2%, DAX mixed, WTI Crude oil recently at $77.50, natural gas down 1.5%, gold at $2362

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