Pre-Market IV Report November 2, 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: OKTA SAVE PDD DELL CPRI SPLK MLNK SOVO SITM AUPH CNVA APG VIR SIX FUN MERC PWR EB CD
Stocks expected to have increasing option volume: QCOM ABNB PYPL DASH ZG Z ROKU ETSY MSTR ELF NVO AAPL SBUX LLY SEDG EGHT NOG ALL RRGB DASH EA FSLY ELF VAC SRPT CAR ATUS LMND DIS CMCSA PRU ETSY MDLZ CLX FROG ROKU Z ZG SEDG
Straddle prices into quarter results
Apple (AAPL) November weekly 175 straddle is priced for a move of 4% into the expected release of quarter results today after the bell.
Eli Lilly (LLY) November weekly 555 straddle is priced for a move of 5.5% into the expected release of quarter results today before the bell.
Novo Nordisk (NVO) November 100 straddle is priced for a move of 6% into the expected release of quarter results today before the bell.
Starbucks (SBUX) November weekly 92 straddle is priced for a move of 7% into the expected release of quarter results today before the bell.
Conoco Phillips (COP) November weekly 117 straddle is priced for a move of 3% into the expected release of quarter results today before the bell.
Booking Holdings (BKNG) November weekly 2770 straddle is priced for a move of 5% into the expected release of quarter results today after the bell.
Stryker (SYK) November 270 straddle is priced for a move of 5.5% into the expected release of quarter results today after the bell.
Shopify (SHOP) November weekly 48 straddle is priced for a move of 10.5% into the expected release of quarter results today before the bell.
Palantir (PLTR) November weekly 15 straddle is priced for a move of 14% into the expected release of quarter results today after the bell.
Cummins (CMI) November 220 straddle is priced for a move of 6% into the expected release of quarter results today after the bell.
Marriott (MAR) November weekly 187.50 straddle is priced for a move of 5% into the expected release of quarter results today after the bell. Call put ratio 1 call to 2.1 puts.
MercadoLibre (MELI) November weekly 1300 straddle is priced for a move of 6.5% into the expected release of quarter results today.
Moderna (MRNA) November weekly 76 straddle is priced for a move of 7.5% into the expected release of quarter results today before the bell.
Block (SQ) November weekly 41 straddle is priced for a move of 12% into the expected release of quarter results today after the bell.
DraftKings (DKNG) November weekly 27.50 straddle is priced for a move of 11% into the expected release of quarter results today after the bell.
Cloudflare (NET) November weekly 55 straddle is priced for a move of 12% into the expected release of quarter results today after the bell.
Coinbase (COIN) November weekly 78 straddle is priced for a move of 10% into the expected release of quarter results today after the bell.
Live Nation (LYV) November 80 straddle is priced for a move of 9% into the expected release of quarter results today after the bell.
Rocket (RKT) November weekly 7.5 straddle is priced for a move of 8.5% into the expected release of quarter results today after the bell.
Baxter (BAX) November weekly 32.50 straddle is priced for a move of 5.5% into the expected release of quarter results today before the bell.
Shake Shack (SHAK) November weekly 57 straddle is priced for a move of 11% into the expected release of quarter results today before the bell.
Berkshire Hathaway (BRK.B) November weekly (10) 345 straddle is priced for a move of 2.5% into the expected release of quarter results before the bell on November 3.
Solar stocks option IV as solar trends lower
First Solar (FSLR) 30-day option implied volatility is at 44; compared to its 52-week range of 37 to 66.
Array Technologies Inc. (ARRY) 30-day option implied volatility is at 91; compared to its 52-week range of 44 to 139. Call put ratio 4.7 calls to 1 put.
Sunnova Energy International Inc. (NOVA) 30-day option implied volatility is at 97; compared to its 52-week range of 63 to 146.
SunPower Corporation (SPWR) 30-day option implied volatility is at 83; compared to its 52-week range of 53 to 107.
Sunrun (RUN) 30-day option implied volatility is at 106; compared to its 52-week range of 60 to 116.
Canadian Solar (CSIQ) 30-day option implied volatility is at 65; compared to its 52-week range of 38 to 71. Call put ratio 3.1 calls to 1 put.
SolarEdge Technologies (SEDG) 30-day option implied volatility is at 77; compared to its 52-week range of 41 to 92. Call put ratio 1 call to 4 puts.
Enphase Energy, Inc. (ENPH) 30-day option implied volatility is at 55; compared to its 52-week range of 42 to 80. Call put ratio 1 call to 4.8 puts.
Invesco Solar ETF (TAN) 30-day option implied volatility is at 44; compared to its 52-week range of 25 to 48. Call put ratio 2.1 calls to 1 put.
Six Flags (SIX) 30-day option implied volatility is at 68; compared to its 52-week range of 30 to 101 after Cedar Fair (FUN) near deal to merge. Call put ratio 16.9 calls to 1 put with focus on November calls.
Cedar Fair L.P. (FUN) 30-day option implied volatility is at 47; compared to its 52-week range of 20 to 82 after Six Flags (SIX) near deal to merge. Call put ratio 51 calls to 1 put with focus on November 40 calls.
SeaWorld Entertainment (SEAS) 30-day option implied volatility is at 50; compared to its 52-week range of 30 to 91 after reports Six Flags (SIX), Cedar Fair (FUN) near deal to merge.
Options with decreasing option implied volatility: SOFI SRPT NOVA VKTX W ENPH IGT GNRC
Increasing unusual option volume: UMC TPX PAYC ENTG USM PWR REI EDR
Increasing unusual call option volume: TPX USM PSEC PWR EDR IBRX PAYC
Increasing unusual put option volume: EDR PAYC AKRO HLF XME ALGN PSEC BKLN
Popular stocks with increasing volume: PYPL BAC SOFI VALE INTC SIRI SHOP
Active options: TSLA AMD NVDA AMZN MSFT AAPL META PLTR PYPL GOOGL F BAC GOOG SOFI VALE INTC NFLX SIRI AMC SHOP
Global S&P Futures mixed in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $81.50, natural gas down 1%, gold at $1993
