Pre-Market IV Report February 6, 2020

Pre-Market IV Report February 6, 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: PINS QCOM ANF AEO TWTR UBER LYFT JWN DLTR TGT URBN KSS S KHC PTON I GPRO PENN GSX ZM ZNGA BURL AOBC

Options expected to have increasing volume: PTON LYFT UBER TWTR DNKN YUM QCOM GRUB PINS GPRO YUMC PENN HAIN

Tesla (TSLA) February weekly call option implied volatility is at 105, February is at 99; compared to its 52-week range of 34 to 117 on wide price movement.

Uber (UBER) February weekly call option implied volatility is at 140, February is at 66; compared to its 52-week range of 37 to 83 into the expected release of quarter results after the bell on February 6. Call put ratio 2.3 calls to 1 put.

Twitter (TWTR) February weekly call option implied volatility is at 171, February is at 67; compared to its 52-week range of 27 to 68 into the expected release of quarter results today before the bell on February 6. Call put ratio 1 call to 1 put.

Lyft (LYFT) February weekly (7) call option implied volatility is at 70, February weekly (14) is at 88, February is at 70; compared to its 52-week range of 38 to 79 into the expected release of quarter results on February 11. Call put ratio 1.5 calls to 1 put.

Kraft Heinz (KHC) February weekly (7) call option implied volatility is at 26, February (14) is at 67, February is at 54; compared to its 52-week range of 20 to 51 into the expected release of quarter results on February 13. Call put ratio 1 call to 3.8 puts with focus on February 31 puts.

Biogen (BIIB) February weekly call option implied volatility is at 54, February is at 32; compared to is 52-week range of 25 to 54 after wins Mylan (MYL) patent challenge decision to its top product, Tecfidera, a multiple sclerosis drug, Bloomberg reports. Call put ratio 1.7 calls to 1 put.

ExxonMobil (XOM) February weekly call option implied volatility is at 24, February is at 20; compared to its 52-week range of 14 to 27. Call put ratio 1.7 calls to 1 put with focus on February weekly 62 calls.

Straddle prices for stocks expected to report quarterly results this week

Activision Blizzard (ATVI) February weekly 59 straddle priced for a move of 6% into the expected release of quarter results today after the bell

Baidu (BIDU) February weekly 131 straddle priced for a move of 2.5% into the expected release of quarter results today

Columbia Sportswear (COLM) February 95 straddle priced for a move of 8% into the expected release of quarter results today after the bell

Pinterest (PINS) February weekly 22 straddle priced for a move of 13% into the expected release of quarter results today after the bell

Take-Two Interactive (TTWO) February weekly 121 straddle priced for a move of 7% into the expected release of quarter results today after the bell

Twitter (TWTR) February weekly 33.50 straddle priced for a move of 10% into the expected release of quarter results today before the bell

Tyson (TSN) February weekly 84 straddle priced for a move of 5.5% into the expected release of quarter results today before the bell

Uber (UBER) February weekly 37 straddle priced for a move of 9% into the expected release of quarter results today after the bell

Verisign (VRSN) February 210 straddle priced for a move of 4.5% into the expected release of quarter results on February 6

Yum! Brands (YUM) February weekly 107 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on February 7

AbbVie (ABBV) February weekly 86 straddle priced for a move of 4.5%into the expected release of quarter results before the bell on February 7

S&P Dep Receipts (SPY) February weekly call option implied volatility is at 14, February is at 13; compared to its 52-week range of 10 to 23 into China lowers tariffs and January employment report.

S&P 500 closed Wednesday at a fresh all-time high. The S&P 500 index 30-day option implied volatility is at 13%, above the average over the last 3 months of 11% and near its 2-year average.

Options with decreasing option implied volatility: GE MDLZ XLNX ON BBBY CREE COTY NAV
Increasing unusual option volume: WSC BIIB ZNGA EEFT GPN CCC AVDL NERV FXC RIOT AA
Increasing unusual call option volume: WSC ZNGA AVDL GPN ELF RIOT HBI CCC AA ET PBR ABB
Increasing unusual put option volume: GPN HSC ZNGA INDA PTCT CCK TPX ZION SAFM SNE FEYE
Popular stocks with increasing unusual: IBM QCOM UBER GILD
Active options: TSLA MSFT AAPL DIS SNAP BAC PBR INTC F AMD ET TWTR BA UBER LK IBM GILD AMZN QCOM FB
Global S&P Futures are recently up 8.05 from previous day. Nikkei 225 up 2.3%, DAX up 0.4%, WTI Crude oil is recently at $51.34, natural gas down 0.2%, gold at $1566 an ounce

Investor reminder comments:
The virus outbreak has bounded international central banks to keep rates low.
The U.S. Fed has made it clear that it has a 2% inflation target.
U.S. Presidential election coming in November, forcing the Fed to avoid the politically controversial step of raising rates during a campaign.