Pre-Market IV Report January 11, 2019

Pre-Market IV Report January 11, 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: AMRN FTV CGC LQD GM HLF GPRO TLRY SNAP QCOM ACB CMG CZR CVE GM PCG CHS

Options expected to have increasing volume: NFLX CMG ATVI SBUX YUM YUMC DPH PVH URBN ATVI C BAC WFC JPM PCG RCL CCL NLCH

Activision Blizzard (ATVI) January weekly call option implied volatility is at 31, January Is at 38, February is at 39; compared to its 52-week range of 24 to 56 into the company announced that Bungie will take over its Destiny franchise.

PG&E Corp. (PCG) January weekly call option implied volatility is at 152, January is at 102, February is at 105; compared to its 52-week range of 23 to 202 into Moody’s cutting its bond rating to junk.

Amarin Corp. (AMRN) January weekly call option implied volatility is at 138, January is 105, February is at 77; compared to its 52-week range of 43 to 429. Call put ratio 7.7 calls to 1 put with focus on February 16 and March 20 calls on renewed chatter.

Straddle prices for stocks expected to report results next week

Citigroup (C) January 56.50 straddle priced for move of 4.5% into the expected release of EPS before the open on January 14
JPMorgan (JPM) January 100 straddle priced for move of 3.9% into the expected release of EPS before the open on January 15
Wells Fargo (WFC) January 48 straddle priced for move of 4.5% into the expected release of EPS before the open on January 15
Delta (DAL) January 49 straddle priced for move of 5% into the expected release of EPS before the open on January 15
Schwab (SCHW) January 43.50 straddle priced for move of 5% into the expected release of EPS before the open on January 15
UnitedHealth Group (UNH) January 245 straddle priced for move of 4% into the expected release of EPS before the open on January 15
United Continental (UAL) January 81 straddle priced for move of 6% into the expected release of EPS before the open on January 15
American Express (AXP) January 29 straddle priced for move of 9% after the market close on January 17
Bank of America (BAC) January 26 straddle priced for move of 4% into the expected release of EPS before the open on January 16
Bank of New York (BK) January 47.50 straddle priced for move of 5% into the expected release of EPS before the open on January 16
Blackrock (BLK) January 400 straddle priced for move of 4.5% into the expected release of EPS before the open on January 16
CSX (CSX) January 64.50 straddle priced for move of 5.5% into the expected release of EPS before the open on January 16
Goldman Sachs (GS) January 175 straddle priced for move of 4.5% into the expected release of EPS before the open on January 16
Kinder Morgan (KMI) January 17.50 straddle priced for move of 2.8% into the expected release of EPS on January 16
PNC (PNC) January 120 straddle priced for move of 4% into the expected release of EPS before the open on January 16
U.S. Bancorp (USB) January 47.50 straddle priced for move of 3.5% into the expected release of EPS before the open on January 16
KeyCorp (KEY) January 16 straddle priced for move of 5% into the expected release of EPS before the open on January 17
Morgan Stanley (MS) January 41.50 straddle priced for move of 4.8% into the expected release of EPS before the open on January 17
Netflix (NFLX) January 325 straddle priced for move of 10% into the expected release of EPS after the close on January 17

What are investors talking about:

U.S. late-cycle conditions have taken hold

China faces a difficult challenge in attempting to exit its growth recession
Sell the rallies

Increasing unusual option volume: UFS BBBY CWEN THS CFX QNST EZPW TRP AMRN LGND ADTN LGND INFY
Increasing unusual call option volume: QNST BBBY UFS DELL ADTN UN ATUS CIM
Increasing unusual put option volume: BBBY THS LGND AXSM ERJ URBN GES CHKP LNC JEF CWH
Popular stocks with increasing volume: AAL M AMRN CGC
Options with decreasing option implied volatility: BBBY KBH T STZ VIX SAGE NIHD DRIP GUSH FDX QEP CELG KSS