Pre-Market IV Report April 3, 2023

Pre-Market IV Report April 3, 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: AMC BKLN AMC AI YMAB DWAC LPRO ZION ITCI VLY CFG APLS PGTI SMPL

Stocks expected to have increasing option volume: XOM CVS HAL SLB PXD OXY DVN USO TSLA GM F EDR WWE APLS CAG

Energy option IV into OPEC+ announces production cut, WTI Crude trades $80

United States Oil Fund (USO) 30-day option implied volatility is at 37; compared to its 52-week range of 32 to 54 into as WTI Crude oil trades $80 after OPEC+ announces oil production cut.

ExxonMobil (XOM) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 47.

Chevron (CVX) 30-day option implied volatility is at 26; compared to its 52-week range of 24 to 44.

Occidental Petroleum (OXY) 30-day option implied volatility is at 33; compared to its 52-week range of 33 to 77.

Halliburton (HAL) 30-day option implied volatility is at 44; compared to its 52-week range of 37 to 63.

SLB (SLB) 30-day option implied volatility is at 40; compared to its 52-week range of 34 to 61 into as WTI Crude oil trades $80 after OPEC+ announces oil production cut.

Vehicle option IV

Tesla (TSLA) 30-day option implied volatility is at 62; compared to its 52-week range of 49 to 96 into reports Q1 deliveries of 422,875 on production of 440,808.

General Motors (GM) 30-day option implied volatility is at 40; compared to its 52-week range of 31 to 60 into BofA Securities 2023 Automotive Summit.

Ford Motor (F) 30-day option implied volatility is at 37; compared to its 52-week range of 33 to 588 into BofA Securities 2023 Automotive Summit and start of New York Auto Show on April 7.

Stellantis (STLA) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 90 into BofA Securities 2023 Automotive Summit and start of New York Auto Show on April 7.

Option IV

Endeavor Group (EDR) 30-day option implied volatility is at 36; compared to its 52-week range of 35 to 85 into nears deal to acquire World Wrestling Entertainment (WWE), Bloomberg reports. Call put ratio 34 calls to 1 put with focus on May 25 calls.

World Wrestling Entertainment (WWE) 30-day option implied volatility is at 40; compared to its 52-week range of 26 to 249 into Endeavor Group (EDR) nears deal to acquire, Bloomberg reports.

Apellis Pharmaceuticals (APLS) 30-day option implied volatility is at 48; compared to its 52-week range of 42 to 172 into is said to attract takeover interest – Bloomberg. Call put ratio 129 calls to 1 put with focus on May 70 calls.

Metropolitan Bank Holding Corp (MCB) 30-day option implied volatility is at 158; compared to its 52-week range of 34 to 248. Call put ratio 1 call to 3.3 puts.

Straddle prices into quarter results

ConAgra (CAG) April 37 weekly straddle priced for a move of 3.5% into the expected release of quarter results before the bell on April 5.

Options with decreasing option implied volatility: DB VKTX UVIX SLG FAZ GME CCL ALLY RF KEY BXP LULU
Increasing unusual option volume: FRC HAS BTG PACW UBS MQ KC OZK RLX TIP IONQ ZION VHC DPST LEVI SCHW TH LEVI RUM
Increasing unusual call option volume: UBS BTG PACW MQ RLX KC TIP IONQ KRE
Increasing unusual put option volume: HAS CMA XP SCHW AMRS FHN ENVX RSP WM WB
Popular stocks increasing options volume: AI BABA INTC COIN BBBY MU BAC SCHW SOFI
Active options: TSLA NVDA AAPL AMZN META AMC AMD MSFT GOOG AI BABA GOOG INTC COIN BBBY MU BAC SCHW SOFI NFLX
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $80, natural gas own 6%, gold at $1980