Pre-Market IV Report April 8, 2019

Pre-Market IV Report April 8, 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: CMG COTY S EBAY TWTR NLSN RIOT CNC S OLED BPT W KPTI WTW FEYE SSYS UAA HLF TEVA

Options expected to have increasing volume: GE SNAP MS BBBY FAST DAL AAL LUV UAL ALGT JBLU ALK

Earnings season begins on Friday. What will be management’s growth guidance be for 2020?

Disney (DIS) April weekly call option implied volatility is at 29, April is at 25, May is at 21; compared to its 52-week range 15 to 35 into an investor day on April 11. Call put ratio 3 calls to 1 put with focus on May 120 calls. DIS is expected to release EPS in early May.

General Electric (GE) April weekly call option implied volatility is at 29, April is at 31, May is at 40; compared to its 52-week range of 22 to 72 into a downgrade to Underweight from Neutral at JPMorgan.

Snap (SNAP) April weekly call option implied volatility is at 49, April is at 46, May is at 66; compared to its 52-week range of 36 to 100 into RBC upgrade to Outperform.

Db X-trackers Harvest Csi 300 China A – Shares Fund (ASHR) April weekly, April and May call option implied volatility is at 26; compared to its 26-week range of 18 to 35 on U.S. China trade talks. Call put ratio 16 calls to 1 put with active May and July calls.

United States Oil Fund (USO) April weekly call option implied volatility is at 20, April and May is at is at 21; compared to its 52-week range of 20 to 62. Call put ratio 1.4 calls to 1 put after WTI Crude oil rallied more than 5% last week.

Alphabet (GOOGL) 30-day option implied volatility is at 25; compared to its 52-week range of 17 to 41 into EPS expected to be release in late April.

Levi Strauss (LEVI) 30 day option implied volatility is at 46; compared to its 3-week range of 46 to 52 into the expected release of EPS after the bell on April 9.

State Street (STT) and BlackRock (BLK) IV flat into Barron’s reporting The ETF Business Is Dominated by the Big Three. The SEC Is Suddenly Concerned

State Street (STT) 30 day option implied volatility is at 25; compared to its 52-week range of 18 to 47. Barron’s said The Big Three— BlackRock ’s iShares, Vanguard Group, and State Street ’s Global Advisors—all have a comprehensive line of funds at hard-to-beat prices. In other words, for the most part, the ETF industry is dominated by good products offered by good companies. But the rest of the asset-management industry, along with the Securities and Exchange Commission, is now asking whether that concentration of power will snuff out innovation, or lead to a dearth of choices for investors.

BlackRock (BLK) 30 day option implied volatility is at 25; compared to its 52-week range of 15 to 48.

Straddle prices for stocks expected to report results this week

Levi Strauss (LEVI) April 22 straddle priced for a move of 9% into the expected release of EPS after the bell on April 9

Bed Bath & Beyond (BBBY) April weekly 18.50 straddle priced for a move of 12% into the expected release of EPS after the bell on April 10

Delta (DAL) April weekly 57.50 straddle priced for a move of 4.5% into the expected release of EPS before the bell on April 10

Apogee Enterprises (APOG) April 40 straddle priced for a move of 11% into the expected release of EPS before the bell on April 11

Fastenal (FAST) April 67.50 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 7% into the expected release of EPS before the bell on April 12

JPMorgan Chase (JPM) April weekly 105 straddle priced for a move of 3% into the expected release of EPS before the bell on April 12

Wells Fargo (WFC) April weekly 49 straddle priced for a move of 3% into the expected release of EPS before the bell on April 12

PNC Financial (PNC) April weekly 128 straddle priced for a move of 2.5% into the expected release of EPS before the bell on April 12

Increasing unusual option volume: AKBA AWK ITCI TWNK GBX WIFI NDAQ DIOD FE
Increasing unusual call option volume: AKBA TWNK CP INSM CNC MCHI CARS CY ZYNE
Increasing unusual put option volume: DIOD PRGO FE NBR OAS VSAT PAGS LM YPF
Popular stocks with increasing unusual: BIIB HOG COST CZR QCOM
Options with decreasing option implied volatility: RH AVEO RH WBA CELG BIIB
Options with increasing option implied volatility: CMG COTY S EBAY TWTR NLSN RIOT CNC S
Active options: AAPL AMD TSLA GE SNAP BABA BAC AMZN FB NVDA JD BA T CZR NFLX QCOM DIS MU MSFT INTC