Pre-Market IV Report April 11, 2019

Pre-Market IV Report April 11, 2019

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 overlooked information.

Options with increasing option implied volatility: COTY CMG TWTR BBBY JPM WFC PNC S EBAY NLSN LYST RIOT

Options expected to have increasing volume: LYFT BBBY FAST ASHR

Lyft (LYFT) option implied volatility increases as shares sell off into upcoming Uber IPO roadshow

Lyft (LYFT) 30 day option implied volatility is at 72 to 49 to 60 compared to its 1-week range of 49 to 60 into Uber is expected to release financial documents into upcoming IPO roadshow. Call put ratio 1 call to 1.1 puts. HSBC initiates coverage on Lyft with a Hold rating and a price target of $60.

Disney (DIS) April weekly call option implied volatility is at 47, April is at 29, May is at 24; compared to its 52-week range of 15 to 35 into an investor meeting today. Call put ratio 2.4 calls to 1 put. DIS is expected to release EPS in early May.

Db X-trackers Harvest Csi 300 China A – Shares Fund (ASHR) April weekly call option implied volatility is at 27, April is at 25, May is at 27; compared to its 26-week range of 18 to 35 as USA and China talk trade. Call put ratio 1.9 calls to 1 put.

Boeing (BA) April weekly call option implied volatility is at 29, April is at 28, May is at 33; compared to its 52-week range of 18 to 46 into the expected release of EPS before the open on April 24. Call put ratio 1 call to 1 put.

Sony (SNE) April weekly call option implied volatility is at 30, April is at 31, May is at 33; compared to its 52-week range of 19 to 45 into the expected release of EPS prior to the bell on April 26 and on recent reports Dan Loeb’s Third Point is building a stake.

Roku (ROKU) April weekly call option implied volatility is at 61, April is at 56, May is at 76; compared to its 52-week range of 45 to 102 into the expected release of EPS prior to the bell on May 7.

Tradeweb Markets (TW) call put ratio 3.7 calls to 1 put with focus on May 45 calls. 30-day option implied volatility is at 46.

Option implied volatility for tech

Twitter (TWTR) 30-day option implied volatility is at 57; compared to its 52-week range 32 to 92
NVIDIA (NVDA) 30-day option implied volatility is at 35; compared to its 52-week range 25 to 86
Apple (AAPL) 30-day option implied volatility is at 31; compared to its 52-week range 16 to 46
Facebook (FB) 30-day option implied volatility is at 35; compared to its 52-week range 20 to 53

Stocks rose and volatility fell after the FOMC meeting minutes were released.

Straddle prices for stocks expected to report results this week

Fastenal (FAST) April 65 straddle priced for a move of 6% into the expected release of EPS before the bell on April 11
Infosys Technology (INFY) April 11 straddle priced for a move of 6% into the expected release of EPS before the bell on April 12

JPMorgan Chase (JPM) April weekly 105 straddle priced for a move of 2.5% into the expected release of EPS before the bell on April 12

Wells Fargo (WFC) April weekly 47.50 straddle priced for a move of 3% into the expected release of EPS before the bell on April 12

PNC Financial (PNC) April weekly 127 straddle priced for a move of 2.5% into the expected release of EPS before the bell on April 12

Increasing unusual option volume: BPR UPL JBHT QRTEA DTE PNR ESV RDC BMRN AWI PSMT CVE
Increasing unusual call option volume: INDA ESV PNR QRTEA AWI CASY RUN CFG BMRN
Increasing unusual put option volume: BMRN JCI CTB FAST LIN KWEB RUN TPX CNSL RAD BBBY
Popular stocks with increasing unusual: COTY LYFT CVS
Options with decreasing option implied volatility: RH WBA CELG NTNX BIIB
Active options: AAPL AMD FB SNAP TSLA DIS BA NVDA GE BAC LYFT COTY AMZN BBBY CVE NFLX X MU CVS BABA