Pre-Market IV Report July 11, 2024

Pre-Market IV Report July 11, 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: GRPN HE RILY UPST SOUN RBLX U HIMS APP PLTR LYFT TRIP SYM TTD ELF FTNT CELH IONQ TOST LYFT

Stocks expected to have increasing option volume: PEP CAG DAL CTAS JPM WFC C COST PGR BK AA

Apple (AAPL) 30-day option implied volatility is at 26; compared to its 52-week range of 16 to 31 with a focus on September 235 and 240 calls as share price up seven days in a row and closes at record high.

Costco (COST) 30-day option implied volatility is at 19; compared to its 52-week range of 15 to 33 as share price up before the bell after June sales data, raised membership fee.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 15; compared to its 52-week range of 11 to 21 into bank quarter results. Call put ratio 2.2 calls to 1 put with focus on July 39 calls.

SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 25; compared to its 52-week range of 22 to 38 into bank quarter results. Call put ratio 2.5 calls to 1 put with focus on August 50, 52 and 54 calls.

Alcoa (AA) 30-day option implied volatility is at 52; compared to its 52-week range of 40 to 49 into Alcoa sees Q2 adjusted EPS 8c-19c, consensus 1c.

Straddle price into quarter results

Pepsico (PEP) July 162.5 weekly straddle priced for a move of 2.5% into the expected release of quarter results today before the bell.

Delta Airlines (DAL) July 12 weekly 47 straddle priced for a move of 7% into the expected release of quarter results today before the bell.

J P Morgan (JPM) July 12 weekly 207 straddle priced for a move of 3% into the expected release of quarter results before the bell on July 12.

Wells Fargo (WFC) July 12 weekly 60 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 12.

Citigroup (C) July 12 weekly 67 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on July 12.

The Bank of New York Mellon (BK) July straddle priced for a move of 4% into the expected release of quarter results before the bell on July 12.

Movement

HubSpot (HUBS) 30-day option implied volatility is at 47; compared to its 52-week range of 31 to 78. Call put ratio 4.5 calls to 1 put with focus on a spread of July 640 and 700 calls as share price down amid headlines.

Groupon (GRPN) 30-day option implied volatility is at 117; compared to its 52-week range of 53 to 172 as share price up.

Rigetti Computing (RGTI) 30-day option implied volatility is at 184; compared to its 52-week range of 20 to 245. Call put ratio 32 calls to 1 put with focus on August 1 and 1.5 calls as share price up.

Warner Bros. Discovery (WBD) 30-day option implied volatility is at 55; compared to its 52-week range of 36 to 65.

Hawaiian Electric Industries (HE) 30-day option implied volatility is at 104; compared to its 52-week range of 18 to 232. Call put ratio 1.7 calls to 1 put on active option volume of 45K contracts.

Aehr Test Systems (AEHR) 30-day option implied volatility is at 95; compared to its 52-week range of 60 to 141. Call put ratio 4.5 calls to 1 put with focus on July 17.50 and 20 calls as share price up +20%.

uniQure (QURE) 30-day option implied volatility is at 137; compared to its 52-week range of 39 to 166 as share price up 65%. Call put ratio 3 calls to 1 put with focus on July 6, 7, 10, 12 calls.

Intuit (INTU) 30-day option implied volatility is at 24; compared to its 52-week range of 21 to 35 as share price down 2.8% after restructuring. Options active on 7K contracts with a focus on a purchase of 300 contracts of December $540 puts for $13.30.

Aptiv (APTV) 30-day option implied volatility is at 37; compared to its 52-week range of 24 to 82 with a focus on July 70 puts and November 70 puts.

Omega Healthcare Investors (OHI) 30-day option implied volatility is at 19; compared to its 52-week range of 11 to 65. Call put ratio 1 call to 5 puts with focus on August 33 and 34 puts as share price up.

STAAR Surgical (STAA) 30-day option implied volatility is at 62; compared to its 52-week range of 36 to 104. Call put ratio 6 calls to 1 put with focus on July 45 calls as share price up.

Options with decreasing option implied volatility: ANVS PARA STZ
Increasing unusual option volume: EWC QURE SGH HA LZ UROY RGTI
Increasing unusual call option volume: LZ RGTI CRBG KBR CMG AEHR
Increasing unusual put volume: CAG LNTH CP MXEF SIRI MTUM CMG ACHR
Popular stocks with increasing volume: INTC RIVN BIDU BAC MU NKE SMCI CMG TSM
Active options: NVDA TSLA AAPL AMD INTC AMZN PLTR SIRI RIVN BIDU META BAC MSFT MU NKE MARA GME SMCI CMG TSM
Global S&P Futures mixed in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $82.20, natural gas mixed, gold at $2388