Pre-Market IV Report May 25, 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: KMX JEPI FDX AVXL IEP LVWR MRTX ROIV SIMO AVID DISH GES VSCO MODG ELF MRCY OZK
Stocks expected to have increasing option volume: AMD INTC MRVL AMAT MU QCOM SMH QQQ NVDA SNOW ULTA BBY
NVIDIA (NVDA) May weekly call option implied volatility is at 121, June is at 54; compared to its 52-week range of 40 to 75 into better than expected results and outlook.
Broadcom (AVGO) 30-day option implied volatility is at 32; compared to its 52-week range of 23 to 48 as shares near record high.
Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 46; compared to its 52-week range of 40 to 69.
Micron Technology (MU) 30-day option implied volatility is at 39; compared to its 52-week range of 34 to 62.
Intel (INTC) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 59.
Marvell Technology (MRVL) 30-day option implied volatility is at 51; compared to its 52-week range of 45 to 73.
Qualcomm (QCOM) 30-day option implied volatility is at 31; compared to its 52-week range of 29 to 58.
Applied Materials (AMAT) 30-day option implied volatility is at 34; compared to its 52-week range of 31 to 59.
Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 28; compared to its 52-week range of 25 to 49.
PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 39 into NVIDIA (NVDA) results and outlook.
C3 AI (AI) 30-day option implied volatility is at 107; compared to its 52-week range of 54 to 181.
Straddle prices into quarter results.
Costco (COST) May weekly 482.50 straddle is priced for a move of 3% into the expected release of quarter results today after the bell.
Autodesk (ADSK) May weekly 197.50 straddle is priced for a move of 7% into the expected release of quarter results today.
Workday (WDAY) May weekly 195 straddle is priced for a move of 6% into the expected release of quarter results today after the bell.
Marvell Technology (MRVL) May weekly 46 straddle is priced for a move of 8% into the expected release of quarter results today after the bell.
Ulta Beauty (ULTA) May weekly 480 straddle is priced for a move of 7% into the expected release of quarter results today after the bell.
Gap (GPS) May weekly 7.5 straddle is priced for a move of 18% into the expected release of quarter results today after the bell.
Booz Allen Hamilton (BAH) June 90 straddle is priced for a move of 7% into the expected release of quarter results before the bell on May 26.
Buckle (BKE) June 32.35 straddle is priced for a move of 8% into the expected release of quarter results before the bell on May 26.
Options
Icahn Enterprises L.P. (IEP) 30-day option implied volatility is at 129; compared to its 52-week range of 8 to 129.
Desktop Metal (DM) 30-day option implied volatility is at 59; compared to its 52-week range of 57 to 110 into Stratasys (SSYS) in talks to buy, Bloomberg says.
Stratasys (SSYS) 30-day option implied volatility is at 35; compared to its 52-week range of 28 to 94 into in talks to buy Desktop Metal, Bloomberg says.
Akebia Therapeutics (AKBA) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 176.
AVROBIO Inc. (AVRO) 30-day option implied volatility is at 53; compared to its 52-week range of 20 to 227.
Hepion Pharmaceuticals (HEPA) 30-day option implied volatility is at 21; compared to its 52-week range of 20 to 103.
Krystal Biotech (KRYS) 30-day option implied volatility is at 46; compared to its 52-week range of 42 to 113.
Novartis (NVS) 30-day option implied volatility is at 18; compared to its 52-week range of 13 to 70.
Options with decreasing option implied volatility: PACW BHC SQM CTLT ZM STNE BBWI KSS DKS ROST FL PANW CSCO TTWO WSM WMT
Increasing unusual option volume: GSM ATUS NU MODG WOOF DAC BKR GOOS ANF ETRN HLT SIMO FYBR
Increasing unusual call option volume: GOTU BKR DBI GLW XLI BURL ETRN HLT FYBR MODG ANF URBN SIMO SMMT WOOF
Increasing unusual put option volume: SIMO NU RVLV IEP GOOS ANF BKR GES URBN ZTS AEO
Popular stocks increasing volume: PLTR BABA DIS PFE AMC UBER ZM PANW
Active options: TSLA AMZN NVDA AAPL NU PLTR BABA AMD NIO NFLX DIS GOOGL META MSFT PFE AMC UBER GOOG ZM PANW
Global S&P Futures higher in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $74, natural gas down 1%, gold at $1962
