Pre-Market IV Report April 10, 2023

Pre-Market IV Report April 10, 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: EBIX FGEN ASND FTNT DEA HZNP SHY AI BIL LYFT SRPT APLS ABNB ATVI CLX OSH

Stocks expected to have increasing option volume: MU XOM PXD WBD TSLA ABNB

Option movers

Micron (MU) 30-day option implied volatility is at 39; compared to its 52-week range of 36 to 62 into Samsung cutting memory chip output to meaningful level – Bloomberg.

Exxon Mobil (XOM) 30-day option implied volatility is at 29; compared to its 52-week range of 26 to 47 into held informal, early-stage talks to buy Pioneer Natural (PXD), WSJ reports.

Pioneer Natural Resources (PXD) 30-day option implied volatility is at 33; compared to its 52-week range of 29 to 54 into Exxon Mobil (XOM) has held preliminary talks with about a possible acquisition of PXD, reported The Wall Street Journal.

Warner Bros. Discovery (WBD) 30-day option implied volatility is at 59; compared to its 52-week range of 48 to 113 into Warner Bros. Discovery hosting streaming product press event.

Activision Blizzard (ATVI) 30-day option implied volatility is at 32; compared to its 52-week range of 9 to 46 into The U.K. Competition and Markets Authority, or CMA, is due to issue its final report by 26 April 2023.

Airbnb (ABNB) 30-day option implied volatility is at 53; compared to its 52-week range of 41 to 77. Call put ratio 1 call to 1.8 puts with focus on April weekly (6) puts.

Tesla (TSLA) 30-day option implied volatility is at 61; compared to its 52-week range of 49 to 96 into expected quarter results on April 19.

AXS TSLA Bear Daily ETF (TSLQ) 30-day option implied volatility is at 63; compared to its 52-week range of 50 to 114. Call put ratio 4.2 calls to 1 put.

SPDR Gold Trust (GLD) 30-day option implied volatility is at 18; compared to its 52-week range of 13 to 21 amid gold is near an all-time high.

Regional Bank option IV

KeyCorp (KEY) 30-day option implied volatility is at 65; compared to its 52-week range of 24 to 187.

Truist (TFC) 30-day option implied volatility is at 54; compared to its 52-week range of 23 to 114.

M&T Bank Corp. (MTB) 30-day option implied volatility is at 50; compared to its 52-week range of 22 to 80.

Comerica (CMA) 30-day option implied volatility is at 84; compared to its 52-week range of 26 to 163.

Northern Trust (NTRS) 30-day option implied volatility is at 34; compared to its 52-week range 22 to 49.

Zions Bancorp (ZION) 30-day option implied volatility is at 86; compared to its 52-week range of 27 to 155.

Bank OZK (OZK) 30-day option implied volatility is at 77; compared to its 52-week range of 24 to 106.

State Street (STT) 30-day option implied volatility is at 38; compared to its 52-week range of 26 to 91.

Regions Financial (RF) 30-day option implied volatility is at 47; compared to its 52-week range of 24 to 122.

Citizens Financial Group (CFG) 30-day option implied volatility is at 53; compared to its 52-week range of 23 to 90.

East-West Bancorp (EWBC) 30-day option implied volatility is at 67; compared to its 52-week range of 23 to 147.

Huntington Bancshares (HBAN) 30-day option implied volatility is at 48; compared to its 52-week range of 20 to 106.

Metropolitan Bank Holding Corp (MCB) 30-day option implied volatility is at 147; compared to its 52-week range of 34 to 248.

Fifth Third Bancorp (FITB) 30-day option implied volatility is at 48; compared to its 52-week range of 24 to 108.

BankUnited (BKU) 30-day option implied volatility is at 83; compared to its 52-week range of 27 to 208.

Bank of New York (BK) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 95.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 96; compared to its 52-week range of 50 to 398.

Pacwest Bancorp (PACW) 30-day option implied volatility is at 118; compared to its 52-week range of 28 to 334.

First Republic Bank (FRC) 30-day option implied volatility is at 185; compared to its 52-week range of 24 to 407.

Valley National Bancorp (VLY) 30-day option implied volatility is at 65; compared to its 52-week range of 22 to 113.

Pacific Premier Bancorp (PPBI) 30-day option implied volatility is at 61; compared to its 52-week range of 26 to 85.

Washington Federal (WAFD) 30-day option implied volatility is at 51; compared to its 52-week range of 17 to 81.

Trustmark Corp (TRMK) 30-day option implied volatility is at 43; compared to its 52-week range of 17 to 91.

Axos Financial (AX) 30-day option implied volatility is at 52; compared to its 52-week range of 30 to 97.

ServisFirst Bancshares (SFBS) 30-day option implied volatility is at 56; compared to its 52-week range of 21 to 65.

Sandy Spring Bancorp (SASR) 30-day option implied volatility is at 50; compared to its 52-week range of 23 to 55.

Provident Financial Services (PFS) 30-day option implied volatility is at 34; compared to its 52-week range of 20 to 46.

Dime Community Bancshares (DCOM) 30-day option implied volatility is at 53; compared to its 52-week range of 22 to 76.

First Foundation (FFWM) 30-day option implied volatility is at 94; compared to its 52-week range of 21 to 124.

Oceanfirst Financial (OCFC) 30-day option implied volatility is at 54; compared to its 52-week range of 18 to 55.

BlackRock (BLK) 30-day option implied volatility is at 30; compared to its 52-week range of 25 to 47.

Blackstone (BX) 30-day option implied volatility is at 47; compared to its 52-week range of 36 to 60.

Straddle prices into quarter results

Tilray (TLRY) April weekly 2.5 straddle is priced for a move of 19% into the expected release of quarter results.

Albertsons (ACI) April weekly 21 straddle is priced for a move of 5% into the expected release of quarter results before the bell on April 11.

CarMax (KMX) April weekly 64 straddle is priced for a move of 12% into the expected release of quarter results before the bell on April 11.

Catalent (CTLT) 30-day option implied volatility is at 62; compared to its 52-week range of 32 to 105. Call put ratio 2.2 calls to 1 put.

Options with decreasing option implied volatility: AEHR BCS STZ CAG
Increasing unusual option volume: FRC WAL BKI EWJ PACW LEVI
Increasing unusual call option volume: FRC EWJ LEVI PACW EXK LW ZION KRE DPST PNC
Increasing unusual put option volume: FRC KDP MAT LEVI LW TD EWW POOL
Popular stocks increasing options volume: AI MU COIN SHOP BAC CLF NFLX INTC SQ
Active options: TSLA AMC AAPL NVDA AMZN GOOGL AMD BABA AI MSFT GOOG META MU COIN SHOP BAC CLF NFLX INTC SQ
Global S&P Futures mixed in premarket, Nikkei, DAX mixed, WTI Crude oil recently at $80.50, natural gas mixed, gold at $2012