Pre-Market IV Report January 28, 2020

Pre-Market IV Report January 28, 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: WMT SNAP TWTR EXPE LK LVS S TECK EBAY LK FLR HLF SNAP KHC AAPL EBAY EXPE LK STMP SPCE BYND AMD

Options expected to have increasing volume: LVS MGM MLCO AMD KO AAPL WYNN HOG PFE UTX LMT HCA NUE WHR AAPL BA AMZN

Apple (AAPL) January weekly call option implied volatility is at 68, February is at 37; compared to its 52-week range of 18 to 35 into the expected release of quarter results today after the bell.

IV on coronavirus, into FOMC policy meeting, Iowa Democratic caucuses, quarter results

Russell 2000 Index (RUT) January weekly call option implied volatility is at 21, February is at 17, March is at 17, April is at 17; compared to its 52-week range of 12 to 25.

S&P Dep Receipts (SPY) January weekly call option implied volatility is at 21, February is at 17, March is at 16, April is at 15; compared to its 52-week range of 10 to 23.

PowerShares QQQ Trust (QQQ) January weekly call option implied volatility is at 26, February is at 19, March is at 19, April is at 17; compared to its 52-week range of 12 to 27 into, Apple (APPL) results, FOMC meeting and Iowa Democratic caucuses on February 3.

Ishares Iboxx $ High Yield Corporate Bond Etf (HYG) January weekly call option implied volatility is at 8, February is at 6, March is at 6, April is at 5; compared to its 52-week range of 4 to 9. Call put ratio 1 call to 6.4 puts with focus on February 87 puts.

The coronavirus

Wynn Resorts (WYNN) January weekly call option implied volatility is at 78, February is at 45; compared to its 52-week range of 31 to 56 into the expected release of quarter results on January 28 and coronavirus spreads. Hong Kong will shut high-speed rail on virus concerns.

Las Vegas Sands (LVS) January weekly call option implied volatility is at 53, February is at 38; compared to its 52-week range of 23 to 40 into the expected release of quarter results after the bell on January 29

MGM Resorts (MGM) January weekly call option implied volatility is at 43, February is at 39; compared to its 52-week range of 20 to 41

Melco Resorts (MLCO) January weekly call option implied volatility is at 55, February is at 49; compared to its 52-week range of 31 to 49

United Airlines (UAL) January weekly call option implied volatility is at 44, February is at 33; compared to its 52-week range of 20 to 36

Delta (DAL) January weekly call option implied volatility is at 38, February is at 29; compared to its 52-week range of 20 to 34

Southwest Airlines (LUV) January weekly call option implied volatility is at 29, February is at 24; compared to its 52-week range of 18 to 35

American Airlines (AAL) January weekly call option implied volatility is at 59, February is at 44; compared to its 52-week range of 29 to 48

Alaska Air Group (ALK) January weekly call option implied volatility is at 32, February is at 28; compared to its 52-week range of 21 to 36

IMAX Corp. (IMAX) January weekly call option implied volatility is at 42, February is at 35; compared to its 52-week range of 25 to 44 as shares trend lower.

AMC Entertainment (AMC) January weekly call option implied volatility is at 70, February is at 64; compared to its 52-week range of 38 to 76 as shares trend lower.

Straddle prices for stocks expected to report quarterly results this week

Advanced Micro Devices (AMD) January weekly 49.50 straddle priced for a move of 9.5% into the expected release of quarter results today after the bell
Alaska Air (ALK) February 65.50 straddle priced for a move of 7% into the expected release of quarter results today after the bell
Apple (AAPL) January weekly 310 straddle priced for a move of 5.5% into the expected release of quarter results today after the bell
Canadian National Railways (CNI) February 90 straddle priced for a move of 5.5% into the expected release of quarter results today
eBay (EBAY) January weekly 35.50 straddle priced for a move of 7% into the expected release of quarter results today after the bell
Juniper (JNPR) January weekly 24.50 straddle priced for a move of 5.5% into the expected release of quarter results today
Starbucks (SBUX) January weekly 89 straddle priced for a move of 5.5% into the expected release of quarter results today after the bell
Wynn Resorts (WYNN) January weekly 123 straddle priced for a move of 9% into the expected release of quarter results today
Xilinx (XLNX) January weekly 97 straddle priced for a move of 7% into the expected release of quarter results today after the bell
Allegiant (ALGT) February 165 straddle priced for a move of 8.5% into the expected release of quarter results after the bell on January 29
Anthem (ANTM) January weekly 285 straddle priced for a move of 4% into the expected release of quarter results on January 29
Archer-Daniels Midland (ADM) January weekly 44 straddle priced for a move of 4% into the expected release of quarter results on after the bell on January 29
AT&T (T) January weekly 38.50 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on January 29
Boeing (BA) January weekly 315 straddle priced for a move of 4% into the expected release of quarter results before the bell on January 29
Brinker (EAT) February 45 straddle priced for a move of 7.5% into the expected release of quarter results on before the bell on January 29
Canadian Pacific (CP) February 260 straddle priced for a move of 4.5% into the expected release of quarter results on January 29
Cirrus Logic (CRUS) January weekly 80.50 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on January 29
Cree (CREE) January weekly 51 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on January 29
Extreme Networks (EXTR) February 8 straddle priced for a move of 18% into the expected release of quarter results on before the bell on January 29
Facebook (FB) January weekly 215 straddle priced for a move of 5.5% into the expected release of quarter results after the bell on January 29
General Dynamics (GD) January weekly 182.5 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on January 29
General Electric (GE) January weekly 11.50 straddle priced for a move of 7% into the expected release of quarter results before the bell on January 29
Illumina (ILMN) January weekly 312 straddle priced for a move of 5% into the expected release of quarter results on after the bell on January 29
Las Vegas Sands (LVS) January weekly 63 straddle priced for a move of 7% into the expected release of quarter results after the bell on January 29
Mastercard (MA) January weekly 315 straddle priced for a move of 3% into the expected release of quarter results before the bell on January 29
McDonalds (MCD) January weekly 210 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on January 29
Microsoft (MSFT) January weekly 162.50 straddle priced for a move of 4% into the expected release of quarter results after the bell on January 29
Mondelez (MDLZ) January weekly 54.50 straddle priced for a move of 3.5% into the expected release of quarter results on January 29
Norfolk Southern (NSC) January weekly straddle priced for a move of 3.5% into the expected release of quarter results on before the bell on January 29
Novartis (NVS) February 95 straddle priced for a move of 4% into the expected release of quarter results on January 29
Rockwell Automation (ROK) February 195 straddle priced for a move of 7% into the expected release of quarter results on before the bell on January 29
Sprint (S) January weekly 4.5% straddle priced for a move of 11% into the expected release of quarter results on January 29
Tesla (TSLA) January weekly 557.50 straddle priced for a move of 12.5% into the expected release of quarter results after the bell on January 29
Textron (TXT) February 45 straddle priced for a move of 5% into the expected release of quarter results on before the bell on January 29
Altria Group (MO) January weekly 50 straddle priced for a move of 3.5% into the expected release of quarter results on January 30
Amgen (AMGN) January weekly 222.50 straddle priced for a move of 3.5% into the expected release of quarter results after the bell on January 30
Amazon (AMZN) January weekly 1830 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on January 30

The outbreak of the coronavirus has led to a decline in global stock prices that had their worst day since August last year resulting in a increase in volatility. WTI Crude Oil futures prices continue to decline and, as often occurs during stock market sell-offs, gold and treasury prices both rallied.

Industrial metals have under-performed precious metals over the period since Donald Trump was elected U.S. president; and the price of oil is lower relative to gold. An indication people are worried about growth?

How much will the virus impact China’s economic growth, as holidays are extended and travel is curtailed?

Options with decreasing option implied volatility: INTC NIO FCEL FDX BBBY
Increasing unusual option volume: HSC APT YUMC MLCO NLSN SAP HOG
Increasing unusual call option volume: ACHN INO NVRO APT FFIV MLCO SAP PAM NVAX
Increasing unusual put option volume: NBL ASHR YINN YUMC FFIV JNPR IOVA
Popular stocks with increasing unusual: LK SQ LVS WYNN BYND
Active options: AAPL BABA AMD TSLA NIO MSFT BAC NFLX BYND DIS INTC FB T LK GE MU NVDA LVS SQ WYNN
Global S&P Futures are recently up 8.50 from previous day. Nikkei 225 down 0.5%, DAX down 0.07%, WTI Crude oil is recently at $52.79, natural gas down 0.03%, gold at $1580 an ounce