Pre-Market IV Report April 24, 2020

Pre-Market IV Report April 24, 2020

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: VIAC RIG ACB WLL NIO CHK UNG PDD NLY SKX INTC SCO INO EBAY BHC

Options expected to have increasing volume: INTC FCX AAL SKX VZ WWE ZOOM CHK INTC AXP JCP HTZ CAR

Gilead Sciences (GILD) 30-day option implied volatility is at 76; compared to its 52-week range of 19 to 108 after amid FT remdesivir trial reports. Call put ratio 1.4 calls to 1 put.

Regeneron (REGN) 30-day option implied volatility is at 52; compared to its 52-week range of 25 to 78 amid Covid-19 research reports. Call put ratio 1.3 calls to 1 put.

Moderna (MRNA) 30-day option implied volatility is at 114; compared to its 52-week range of 51 to 173 amid Covid-19 research reports. Call put ratio 1.9 calls to 1 put with focus on May and June 60 calls.

Car rental company IV above 150

Hertz Global (HTZ) 30-day option implied volatility is at 192; compared to its 52-week range of 40 to 434. Call put ratio 1 call to 1.9 puts with focus on July 4 puts.

Avis Budget Group (CAR) 30-day option implied volatility is at 152; compared to its 52-week range of 36 to 320.

Straddle prices for stocks expected to report quarterly results next week

Canadian National Railway (CNI) May 75 straddle priced for a move of 9.5% into the expected release of quarter results on April 27.

Continental Resources (CLR) May weekly 13.50 straddle priced for a move of 16% into the expected release of quarter results on April 27.

National Oilwell (NOV) May weekly 12.50 straddle priced for a move of 21% into the expected release of quarter results after the bell on April 27.

Southern Copper Corp (SCCO) May 31 straddle priced for a move of 14% into the expected release of quarter results after the bell on April 27.

3M (MMM) May weekly 144 straddle priced for a move of 8% into the expected release of quarter results before the bell on April 28.

Advanced Micro Devices (AMD) May weekly 56 straddle priced for a move of 12% into the expected release of quarter results after the bell on April 28.

Akamai Technologies (AKAM) May weekly 102 straddle priced for a move of 7% into the expected release of quarter results after the bell on April 28.

Alphabet (GOOGL) May weekly 1275 straddle priced for a move of 7% into the expected release of quarter results after the bell on April 28.

Caterpillar (CAT) May weekly 113 straddle priced for a move of 7% into the expected release of quarter results before the bell on April 28.

Corning (GLW) May weekly 20 straddle priced for a move of 10% into the expected release of quarter results before the bell on April 28.

FireEye (FEYE) May weekly 11 straddle priced for a move of 14% into the expected release of quarter results after the bell on April 28.

Ford Motor (F) May weekly 5 straddle priced for a move of 10% into the expected release of quarter results on April 28.

iRobot (IRBT) May weekly 51 straddle priced for a move of 18% into the expected release of quarter results after the bell on April 28.

Merck (MRK) May weekly 81 straddle priced for a move of 6% into the expected release of quarter results before the bell on April 28.

Mondelez (MDLZ) May weekly 51.50 straddle priced for a move of 6% into the expected release of quarter results on April 28.

Novartis (NVS) May 87.50 straddle priced for a move of 7% into the expected release of quarter results on April 28.

Nucor (NUE) May weekly 37.50 straddle priced for a move of 12% into the expected release of quarter results before the bell on April 28.

Pepsi (PEP) May weekly 130 straddle priced for a move of 5% into the expected release of quarter results before the bell on April 28.

Pfizer (PFE) May weekly 36.50 straddle priced for a move of 7% into the expected release of quarter results before the bell on April 28.

Polaris (PII) May weekly 60 straddle priced for a move of 14% into the expected release of quarter results before the bell on April 28.

Simon Property (SPG) May 55 straddle priced for a move of 18% into the expected release of quarter results before the bell on April 28.

Southwest Airlines (LUV) May weekly 30 straddle priced for a move of 10% into the expected release of quarter results before the bell on April 28.

Starbucks (SBUX) May weekly 75 straddle priced for a move of 8% into the expected release of quarter results after the bell on April 28.

United Parcel (UPS) May weekly 99 straddle priced for a move of 9% into the expected release of quarter results before the bell on April 28.

Vale (VALE) May weekly 8 straddle priced for a move of 10% into the expected release of quarter results on April 28.

WW International (WW) May weekly 21 straddle priced for a move of 22% into the expected release of quarter results after the bell on April 28.

Yum China Holdings (YUMC) May 45 straddle priced for a move of 10% into the expected release of quarter results on April 28.

Yandex (YNDX) May weekly 35 straddle priced for a move of 13% into the expected release of quarter results before the bell on April 28.

Options with decreasing option implied volatility: ORCL CZR LQD AMRN BRK/B OVV EXPE CCL SNAP NFLX BX C IBM CMG FIT
Increasing unusual option volume: OIL GPOR WLL OAS MFC CCJ DVAX FE TK UEC
Increasing unusual call option volume: WLL OIL OAS GPOR FE CCJ DVAX TK UEC
Increasing unusual put option volume: WLL AXSM OIL DHT FAZ RRC TD IVZ
Popular stocks with increasing unusual volume: AAL ZM BYND AAL WLL ET
Active options: AAPL GILD TSLA AMD SNAP MSFT FB NFLX ZM WLL BA BAC INTC ET AMZN DAL BYND MU AAL BABA
Global S&P Futures are recently mixed in premarket, Nikkei down 0.8%, DAX down 1%, WTI Crude oil is recently at $16.49, natural gas mixed, gold at $1755 an ounce