Pre-Market IV Report April 8, 2020

Pre-Market IV Report April 8, 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: SDC XRT VIAC NLY IQ NIO GSX GME ACB

Options expected to have increasing volume: TSLA PINS DAL LEVI

SPDR S&P 500 ETF Trust (SPY) 30-day option implied volatility is at 41; compared to its 52-week range of 10 to 77 into Fed Chair Jerome Powell will give an update on the economy Thursday at 10 a.m. in a webcast.

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 41; compared to its 52-week range of 12 to 79.

IV for energy into OPEC+

Energy put IV bid higher than calls

United States Oil Fund (USO) April weekly 6 call option implied volatility is at 182, April weekly 4 puts at 234; compared to its 52-week range of 23 to 172 amid WTI crude at $24.64 into OPEC+ meeting on Thursday.

United States Oil Fund (USO) 30-day option implied volatility is at 122; compared to its 52-week range of 23 to 172. Call put ratio 1.9 calls to 1 put.

Energy Select Sector SPDR ETF (XLE) 30-day option implied volatility is at 81; compared to its 52-week range of 16 to 130 amid WTI crude at $24.64.

SPDR S&P Oil & Gas Exploration & Production Etf (XOP) 30-day option implied volatility is at 90; compared to its 52-week range of 28 to 190.

United States Natural Gas (UNG) 30-day option implied volatility is at 65; compared to its 52-week range of 21 to 83. Call put ratio 3.4 calls to 1 put.

ExxonMobil (XOM) 30-day option implied volatility is at 65; compared to its 52-week range of 16 to 111.

Chevron (CVX) 30-day option implied volatility is at 49; compared to its 52-week range of 15 to 113.

Occidental Petroleum (OXY) 30-day option implied volatility is at 147 compared to its 52-week range of 21 to 201. Call put ratio 2.2 calls to 1 put.

Continental Resources (CLR) 30-day option implied volatility is at 158; compared to its 52-week range of 37 to 252.

Devon Energy (DVN) 30-day option implied volatility is at 138; compared to its 52-week range of 33 to 212. Call put ratio 2.7 calls to 1 put.

Total S.A. (TOT) 30-day option implied volatility is at 55; compared to its 52-week range of 14 to 124. Call put ratio 6.1 calls to 1 put.

Market Vectors Russia ETF Trust (RSX) 30-day call option implied volatility is at 56; compared to its 52-week range of 16 to 108 into OPEC+. Call put ratio 1 call to 28 puts with focus on May 17 puts.

Straddle prices for stocks expected to report quarterly results this week

Delta Air Lines (DAL) April weekly 22 straddle priced for a move of 12% into the release of quarter results today before the bell.

Tesla (TSLA) 30-day option implied volatility is at 89; compared to its 52-week range of 34 to 154 into Tesla letting go of contract workers from Fremont, Reno plants, CNBC reports.

Pinterest (PINS) 30-day option implied volatility is at 83; compared to its 52-week range of 39 to 154 into Q1 update. PINS shares are up 9% in the premarket.

Twitter (TWTR) 30-day option implied volatility is at 72; compared to its 52-week range of 27 to 126 into Jack Dorsey, the CEO of both Twitter and Square (SQ), tweeted, “I’m moving $1B of my Square equity (28% of my wealth) to#startsmallLLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI.

Square (SQ) 30-day option implied volatility is at 85; compared to its 52-week range of 30 to 142.

Boeing (BA) 30-day option implied volatility is at 113; compared to its 52-week range of 23 to 222 amid renewed 737 Max headlines.

iQIYI (IQ) 30-day option implied volatility is at 126; compared to its 52-week range of 39 to 126 after Muddy Waters announces short position. Call put ratio 1 call to 4.1 puts.

Under Armour (UA) 30-day call option implied volatility is at 93; compared to its 52-week range of 29 to 112 amid shares at low end of range,

Colony Capital (CLNY) 30-day call option implied volatility is at 173; compared to its 52-week range of 25 to 207 amid shares at low end of range. Call put ratio 110 calls to 1 put.

Options with decreasing option implied volatility: LQD NUGT AMRN XLU JNUG
Increasing unusual option volume: GSX TWO APTV IVR CIM LEVI
Increasing unusual call option volume: FCAU NTR TWO STWD UCO
Increasing unusual put option volume: RSX GSX LEVI HTHT IQ UCO INFY
Popular stocks with increasing unusual: DAL XOM F CCL AAL
Active options: AAPL TSLA BA MSFT BAC AMD FB F CCL AAL T GE DIS DAL NVDA AMZN BABA XOM
Global S&P Futures are recently down 4.50 in premarket, Nikkei up 2%, DAX down 1.3%, WTI Crude oil is recently at $24.50, natural gas mixed, gold at $1688 an ounce