Pre-Market IV Report May 26, 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: SMCI IEP ZNTL AI INOD CRDO SMCI BIG VRT UPWK SSYS DAN GTE
Stocks expected to have increasing option volume: MRVL COST RH GPS BAH BKE WDAY ULTA GPS
Large Chip tech option IV
NVIDIA (NVDA) May weekly call option implied volatility is at 59, June is at 52; compared to its 52-week range of 40 to 75.
Broadcom (AVGO) 30-day option implied volatility is at 35; compared to its 52-week range of 23 to 44.
Western Digital (WDC) 30-day option implied volatility is at 40; compared to its 52-week range of 36 to 73.
Advanced Micro Devices, Inc. (AMD) 30-day option implied volatility is at 50; compared to its 52-week range of 40 to 69.
Micron Technology (MU) 30-day option implied volatility is at 41; compared to its 52-week range of 34 to 62.
Taiwan Semi (TSM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 53.
Marvell Technology (MRVL) 30-day option implied volatility is at 54; compared to its 52-week range of 45 to 73 as shares trade up after the bell on quarter results.
Qualcomm (QCOM) 30-day option implied volatility is at 32; compared to its 52-week range of 29 to 58.
Applied Materials (AMAT) 30-day option implied volatility is at 35; compared to its 52-week range of 31 to 59.
Intel (INTC) 30-day option implied volatility is at 38; compared to its 52-week range of 27 to 59.
Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 30; compared to its 52-week range of 25 to 49.
PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 19; compared to its 52-week range of 17 to 39.
Straddle prices into quarter results
HP (HPQ) June weekly 31 straddle is priced for a move of 7% into the expected release of quarter results after the bell on May 30.
Hewlett Packard (HPE) June 15 straddle is priced for a move of 8% into the expected release of quarter results after the bell on May 30.
U-Haul Holding (UHAL) June 60 straddle is priced for a move of 8% into the expected release of quarter results after the bell on May 30.
Box (BOX) June 27 straddle is priced for a move of 8% into the expected release of quarter results after the bell on May 30.
Salesforce (CRM) June weekly 210 straddle is priced for a move of 7.5% into the expected release of quarter results after the bell on May 31.
CrowdStrike (CRWD) June weekly 150 straddle is priced for a move of 10% into the expected release of quarter results after the bell on May 31.
NetApp (NTAP) June weekly 69 straddle is priced for a move of 6% into the expected release of quarter results after the bell on May 31.
Chewy (CHWY) June weekly 30 straddle is priced for a move of 12% into the expected release of quarter results after the bell on May 31.
Pure Storage (PSTG) June weekly 26 straddle is priced for a move of 12% into the expected release of quarter results after the bell on May 31.
Okta (OKTA) June weekly 85 straddle is priced for a move of 12% into the expected release of quarter results after the bell on May 31.
Capri (CPRI) June weekly 40 straddle is priced for a move of 14% into the expected release of quarter results before the bell on May 31.
Advance Auto Parts (AAP) June weekly 112 straddle is priced for a move of 12% into the expected release of quarter results before the bell on May 31.
C3.ai (AI) June weekly 28.50 straddle is priced for a move of 19% into the expected release of quarter results after the bell on May 31.
Nordstrom (JWN) June weekly 15 straddle is priced for a move of 15% into the expected release of quarter results after the bell on May 31.
Movers
Icahn Enterprises L.P. (IEP) 30-day option implied volatility is at 158; compared to its 52-week range of 8 to 158.
Proshrs Ultrpro Qqq (TQQQ) 30-day option implied volatility is at 57; compared to its 52-week range of 50 to 114.
Direxion Daily Semiconductor Bull 3x Shares (SOXL) 30-day option implied volatility is at 89; compared to its 52-week range of 73 to 146.
Proshrs Ultrpro Sht (SQQQ) 30-day option implied volatility is at 60; compared to its 52-week range of 52 to 122.
Bunge Limited (BG) 30-day option implied volatility is at 35; compared to its 52-week range of 26 to 76.
C3 AI (AI) 30-day option implied volatility is at 126; compared to its 52-week range of 54 to 181.
Palantir (PLTR) 30-day option implied volatility is at 67; compared to its 52-week range of 48 to 84.
Cadence Design Systems (CDNS) 30-day option implied volatility is at 29; compared to its 52-week range of 22 to 83.
ARK Next Generation (ARKW) 30-day option implied volatility is at 39; compared to its 52-week range of 34 to 111.
Chegg (CHGG) 30-day option implied volatility is at 52; compared to its 52-week range of 36 to 131.
Options with decreasing option implied volatility: ROST SQM PACW CTLT KSS APPS KSS ZM BURL PATH BHC PANW
Increasing unusual option volume: RAIN IAU VRT EWJ IEP VMW XRX OWL MRTX RILY FLEX SIMO
Increasing unusual call option volume: IEP EWJ IAU TER MRTX FYBR CPNG SIMO SNPS VIPS RMBS
Increasing unusual put option volume: VSCO VMW IEP XRX RILY OWL KNX ANF GPS AEO SIMO
Popular stocks increasing volume: TSM AMC INTC BABA PFE SNOW PYPL UPST BAC
Active options: NVDA TSLA AMD AAPL AMZN MSFT PLTR GOOGL META GOOG TSM AMC INTC BABA PFE SNOW PYPL NFLX UPST BAC
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $71.50, natural gas down 1.5%, gold at $1948
