Pre-Market IV Report August 20, 2024

Pre-Market IV Report August 20, 2024

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: SYM RKLB VKTX TEM INSM FDX VKTX ALT GOGO CHWY IEP ZK NVAX FN NTNX RDFN TDS BUR FDX X MLCO NYCB UPWK SBLK EQT DAR ACN MDT

Stocks expected to have increasing option volume: PANW EL LOW MDT ALC TOL VIPS COTY XPEV TJX TGT ADI M HTHT TTNP BTBT

Straddle prices into quarter results and inflation debate this week in Jackson Hole.

TJX Companies (TJX) August 23 weekly 112 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on August 21.

Analog Devices (ADI) August 23 weekly 225 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on August 21. Call put ratio 2.2 calls to 1 put.

Target (TGT) August 23 weekly 14 straddle priced for a move of 11% into the expected release of quarter results before the bell on August 215.

Macy’s (M) August 23 weekly 18 straddle priced for a move of 12% into the expected release of quarter results before the bell on August 21. Call put ratio 2.4 calls to 1 put.

Synopsys (SNPS) September 650 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on August 21.

Snowflake (SNOW) August 23 weekly 130 straddle priced for a move of 11% into the expected release of quarter results after the bell on August 21.

Agilent Technologies (A) September straddle priced for a move of 7.5% into the expected release of quarter results after the bell on August 21.

Zoom Video (ZM) August 23 weekly 60 straddle priced for a move of 6% into the expected release of quarter results after the bell on August 21.

Urban Outfitter (URBN) August 23 weekly 41 straddle priced for a move of 10% into the expected release of quarter results after the bell on August 21.

Wolfspeed (WOLF) August 23 weekly 12.50 straddle priced for a move of 22% into the expected release of quarter results after the bell on August 21. Call put ratio 1.7 calls to 1 put.

Movers

U.S. Steel (X) 30-day option implied volatility is at 42; compared to its 52-week range of 10 to 46. Call put ratio 1 call to 1.6 puts with focus on August 23 weekly 40 puts.

Paramount Global (PARA) 30-day option implied volatility is at 32; compared to its 52-week range of 23 to 87 after reports Edgar Bronfman is preparing bid for Paramount parent National Amusements. Call put ratio 2.3 calls to 1 put.

SIGA Technologies (SIGA) 30-day option implied volatility is at 120; compared to its 52-week range of 30 to 227. Call put ratio 5.8 calls to 1 put.

Option IV for publicly traded owners of sports franchises

MSG Sports (MSGS) 30-day option implied volatility is at 16; compared to its 52-week range of 16 to 70 after Bill Simmons says ‘legitimate buzz’ going around about Bezos buying Celtics. Call put ratio 6.8 calls to 1 put September and October 210 calls.

Liberty Braves Group (BATRA) 30-day option implied volatility is at 25; compared to its 52-week range of 18 to 76 after Bill Simmons says ‘legitimate buzz’ going around about Bezos buying Celtics. Call put ratio 8.2 calls to 1 put with focus on September and October 45 calls.

Option IV amid DOJ merger review headlines

Alaska Air Group (ALK) 30-day option implied volatility is at 34; compared to its 52-week range of 24 to 81 amid DOJ merger review headlines. Call put ratio 1.8 calls to 1 put.

Hawaiian Holdings (HA) 30-day option implied volatility is at 55; compared to its 52-week range of 18 to 161 amid DOJ merger review headlines. Call put ratio 1 call to 1.8 puts.

Movement

McDonald’s (MCD) 30-day option implied volatility is at 17; compared to its 52-week range of 12 to 27. Call put ratio 1.9 calls to 1 put.

Taylor Morrison Home (TMHC) 30-day option implied volatility is at 27; compared to its 52-week range of 22 to 41 with a focus on September 65 calls.

Telephone & Data Systems (TDS) 30-day option implied volatility is at 48; compared to its 52-week range of 42 to 123 with a focus on 3600 contracts of September 22.50 calls trading at 55c.

Shake Shack (SHAK) 30-day option implied volatility is at 34; compared to its 52-week range of 29 to 61 with a focus on August 13 weekly options.

Franklin BSP Realty Trust, Inc. (FBRT) 30-day option implied volatility is at 24; compared to its 52-week range of 19 to 73 amid 2500 contracts of December 14 calls trading at 22c.

Nutanix (NTNX) 30-day option implied volatility is at 65; compared to its 52-week range of 25 to 86. Call put ratio 1 call to 5.1 puts with a focus on September 47.50 puts.

Terns Pharmaceuticals Inc. (TERN) 30-day option implied volatility is at 238; compared to its 52-week range of 64 to 221 with a focus on September 10 and 17 calls.

Century Aluminum Co (CENX) 30-day option implied volatility is at 57; compared to its 52-week range of 48 to 110 with a focus on January 14 and 16 calls.

Amcor plc (AMCR) 30-day option implied volatility is at 15; compared to its 52-week range of 17 to 74 with a focus on September 10 and 11 calls.

Rocket Lab USA, Inc. (RKLB) 30-day option implied volatility is at 145; compared to its 52-week range of 43 to 95. Call put ratio 4.2 calls to 1 put.

Viking Therapeutics (VKTX) 30-day option implied volatility is at 107; compared to its 52-week range of 50 to 234. Call put ratio 6.3 calls to 1 put with focus on September calls.

Options with decreasing option implied volatility: DLO ACB OKLO SAVA COHR CONL ONON GLNG HUMA HUT RUM EL SE ZIM IRBT
Increasing unusual option volume: BBD ALTM GOGO KBR FUBO TERN LPSN
Increasing unusual call option volume: ALTM KBR GOGO TERN FUBO LPSN
Increasing unusual put option volume: LQDA FUBO NTNX ACI RKLB CLOV LUMN BIG PBI
Popular stocks with increasing volume: INTC SOFI BABA SMCI RKLB SBUX PFE
Active options: NVDA TSLA AMD AAPL INTC PLTR AMZN FUBO SOFI GOOGL META ASTS ZIM BABA SMCI RKLB MSFT SBUX MARA PFE
Global S&P Futures mixed in premarket, Nikkei up 1.5%, DAX mixed, WTI Crude oil recently at $74, natural gas mixed, gold at $2560