Pre-Market IV Report April 2, 2025

Pre-Market IV Report April 2, 2025

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: CLS RDFN SOFI PINS TEAM SNAP LABU CAPR CVNA BHC

Stocks expected to have increasing option volume: RH BB NCNO CAG LW GES

Option IV as gold at $3160 into “Liberation Day”

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 32; compared to its 52-week range of 28 to 40 as gold at $3160. Call put ratio 1.2 calls to 1 put.

SPDR Gold Trust (GLD) 30-day option implied volatility is at 16; compared to its 52-week range of 14 to 21. Call put ratio 1 call to 2.5 puts as gold trades $3160.

Barrick Gold (GOLD) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 42. Call put ratio 4.7 calls to 1 put as gold above $3160.

Straddle prices into quarter results and “Liberation Day”

RH (RH) April 4 weekly 240 straddle priced for movement of 14.5% into the expected release of quarter results today after the bell. Call put ratio 1.3 calls to 1 put.

ConAgra (CAG) April 4 weekly 26.50 straddle priced for movement of 5% into the expected release of quarter results before the bell on April 3.

Lamb Weston (LW) April 52.50 straddle priced for movement of 13% into the expected release of quarter results before the bell on April 3.

Guess (GES) April 11 straddle priced for movement of 14% into the expected release of quarter results after the bell on April 3.

Movers into “Liberation Day”

Palantir (PLTR) 30-day option implied volatility is at 70; compared to its 52-week range of 36 to 87. Call put ratio 1 call to 2.1 puts with a focus on 30K contracts of April 25 weekly 60 puts.

Delta Air Lines (DAL) 30-day option implied volatility is at 57; compared to its 52-week range of 28 to 64. Call put ratio 2 calls to 1 put as share price down 3.2%.

Shake Shack (SHAK) 30-day option implied volatility is at 58; compared to its 52-week range of 31 to 63. Call put ratio 1.2 calls to 1 put as share price down 2.3%.

Cognyte Software (CGNT) 30-day option implied volatility is at 65; compared to its 52-week range of 27 to 87 with a focus on 1K contracts of October 7.5 calls as share price up .

Genuine Parts (GPC) 30-day option implied volatility is at 30; compared to its 52-week range of 14 to 41 with a focus on May 130 puts.

Magic Communications (MAGN) 30-day option implied volatility is at 57; compared to its 52-week range of 26 to 155 with a focus on a spreader of June 12.50 and 17.50 puts.

Confluent, Inc. (CFLT) 30-day option implied volatility is at 68; compared to its 52-week range of 34 to 102 with a spreader of May 28, 30, 31 and 33 calls.

Darling Ingredients (DAR) 30-day option implied volatility is at 47; compared to its 52-week range of 33 to 54 with a spreader of September 35 and 40 calls.

SPDR S&P Biotech ETF (XBI) 30-day option implied volatility is at 31; compared to its 52-week range of 23 to 38. Call put ratio 1 call to 1.4 puts as share price down.

Options with decreasing option implied volatility: CHWY DLTR LULU WBA
Increasing unusual option volume: TTEK PVH SABR VGK DAN THO LFST ALDX FLUT
Increasing unusual call option volume: PVH DAR FLUT HTGC MGA ALDX NTGR TBCH KMX
Increasing unusual put option volume: SABR RKT CAH PVH BCS CORT SLNO SMMT HTZ
Popular stocks with increasing volume: INTC MSTR AAL HOOD RIVN F SMCI MRNA
Active options: TSLA NVDA PLTR AMZN AAPL META INTC MSTR AAL GOOGL HOOD MSFT AMD RIVN F MARA SMCI GME LCID MRNA
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $71, natural gas mixed, gold at $3160