Pre-Market IV Report April 7, 2021

Pre-Market IV Report April 7, 2021

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: ASO BGCP UA DBX BYND RMO UXIN XL X LUMN

Stocks expected to have increasing option volume: AMD LW CAG STZ LEVI

EV pick up truck stocks IV low

Tesla (TSLA) April weekly call option implied volatility is at 56, April is at 58; compared to its 52-week range of 55 to 130 after General Motors (GM) announced an electric pickup.

Workhorse Group (WKHS) April weekly call option implied volatility is at 101, April is at 93; compared to its 52-week range of 102 to 287.

Lordstown Motors Corp. (RIDE) April weekly call option implied volatility is at 100, April is at 104; compared to its 52-week range of 99 to 176.

Nikola (NKLA) April weekly call option implied volatility is at 82, April is at 78; compared to its 52-week range of 67 to 306.

Ford (F) April weekly and April call option implied volatility is at 42; compared to its 52-week range of 37 to 120.

General Motors (GM) April weekly call option implied volatility is at 40, April is at 41; compared to its 52-week range of 39 to 86 after announcing an electric pickup truck.

IV mover

Romeo Power, Inc. (RMO) April call option implied volatility is at 180, May is at 135; compared to its 52-week range of 19 to 211 as shares surge after Paccar (PCAR) takes minority stake in Romeo Power as part of supply agreement. Call put ratio 3.5 calls to 1 put with focus on April 10, 12.50 and 15 calls.

Bank option implied volatility into upcoming quarter results

Bank of America (BAC) 30-day option implied volatility is at 31; compared to its 52-week range of 29 to 67

Citigroup (C) 30-day option implied volatility is at 33; compared to its 52-week range of 33 to 79

Goldman Sachs (GS) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 58

JPMorgan (JPM) 30-day option implied volatility is at 27; compared to its 52-week range of 27 to 61

Morgan Stanley (MS) 30-day option implied volatility is at 31; compared to its 52-week range of 30 to 67

Wells Fargo (WFC) 30-day option implied volatility is at 36; compared to its 52-week range of 35 to 74

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 22; compared to its 52-week range of 21 to 57

Straddle prices into release of quarter results this week

Lamb Weston (LW) April 80 straddle priced for a move of 8% into the expected release of quarter results today before the bell.

Conagra (CAG) April weekly 37.50 straddle priced for a move of 5% into the expected release of quarter results before the bell on April 8.

Constellation Brands (STZ) April weekly 235 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on April 8.

Levi Strauss (LEVI) April 24 straddle priced for a move of 8.5% into the expected release of quarter results after the bell on April 8.

JinkSolar (JKS) April 42 straddle priced for a move of 15% into the expected release of quarter results before the bell on April 9.

Options with decreasing option implied volatility: CCIV DISCA VIAC WKHS RKT PBR VALE
Increasing unusual option volume: PLBY CS PVH ASO RMO PLAN VIPS FLEX
Increasing unusual call option volume: ASO VIPS MLCO RMO VIAC TME
Increasing unusual put option volume: RMO RSX CPRI EBON
Popular stocks with increasing volume: MSFT BA F IQ WMT
Active options: AAPL TSLA VIAC GM FB NIO PLTR SNAP RMO MSFT F BA AMZN AMC AMD BABA IQ AAL WMT ORCL
Global S&P Futures recently mixed, Nikkei mixed, DAX mixed, WTI Crude oil recently at $59.32, natural gas up 1%, gold at $1737 an ounce