Pre-Market IV Report July 12, 2024

Pre-Market IV Report July 12, 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: UPST GRPN AAOI SOUN HE U APP PLTR QS FTNT LYFT TOST TRIP ELF HOOD TTD CELH CFLT BMBL

Stocks expected to have increasing option volume: JPM WFC C BK

Tesla (TSLA) 30-day option implied volatility is at 66; compared to its 52-week range of 40 to 72 after headlines Tesla plans to delay its robotaxi unveiling to October from August, according to Bloomberg. Call put ratio 1.1 calls to 1 put on active volume of 4.9M contracts.

Uber (UBER) 30-day option implied volatility is at 46; compared to its 52-week range of 29 to 54. Call put ratio 2.3 calls to 1 put after headlines Tesla (TSLA) plans to delay its robotaxi unveiling to October from August.

Lyft (LYFT) 30-day option implied volatility is at 76; compared to its 52-week range of 46 to 98. Call put ratio 4.7 calls to 1 put after headlines Tesla (TSLA) plans to delay its robotaxi unveiling to October from August.

Silver and gold moving

iShares Silver Trust (SLV) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 40. Call put ratio 3.1 calls to 1 put as silver trades above $31.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 31; compared to its 52-week range of 25 to 40. Call put ratio 2.8 calls to 1 put as gold trades above $2400.

Straddle price into quarter results

Goldman Sachs (GS) July 480 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on July 15. Call put ratio 3.1 calls to 1 put.

BlackRock (BLK) July 62.50 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 15.

Movers

Owens Corning (OC) 30-day option implied volatility is at 30 compared to its 52-week range of 21 to 71 as share price up.

Ishares U.S. Real Estate Etf (IYR) 30-day option implied volatility is at 17; compared to its 52-week range of 14 to 25 amid spreaders active in August 90 and 93 calls.

MicroSectors FANG+ ETN (FNGS) 30-day option implied volatility is at 23; compared to its 52-week range of 20 to 73 with a focus on July 52 puts as share price down.

Envista Holdings Corp. (NVST) 30-day option implied volatility is at 47; compared to its 52-week range of 24 to 70 amid a buyer of 3K contracts and 2917 contracts of August 15 puts at 45c as share price at $16.65.

Itron (ITRI) 30-day option implied volatility is at 44; compared to its 52-week range of 21 to 79 amid a spreader of 545 contracts of April 105 calls and 1,090 contracts of April 120 calls.

Equinox Gold Corp. (EQX) 30-day option implied volatility is at 55; compared to its 52-week range of 34 to 63 amid spreaders active in October 7.5, October 10, January 7.5 and January 10 calls as share price trades near $6.03.

iShares Russell 2000 (RUT) call put ratio 1 call to 1 put with focus on a multileg strategy of 2,100 contracts of August 2 weekly 1865 puts, 1625 contracts of August 2 weekly 1665 puts, 2100 contracts of August (16) 1930 puts, 1665 contracts of August (16) 1935 puts, 1K contracts of August 2 weekly 2145 calls, 1K contract of August 2 weekly 2195 calls, 1K contracts of 2230 August (16) calls, 1K contracts of August (16) 2280 calls.

iShares Russell 2000 (RUT) July 12 weekly 2120 straddle priced for 1.2% move. July 19 weekly 2120 straddle priced for move of 2.3%.

Options with decreasing option implied volatility: XP HL PARA DAL CAG
Increasing unusual option volume: VRNA QURE GRFS ACI JOBY TRU ERIC
Increasing unusual call option volume: VLY QURE VNO ACI JOBY AMSC LNTH
Increasing unusual put volume: SIRI QS EWT RF IEF JOBY LNTH PII
Popular stocks with increasing volume: INTC AAL SOUN SOFI RIVN DAL BIDU
Active options: NVDA TSLA AAPL AMD AMZN PLTR META INTC MSFT AAL SOUN SOFI RIVN NU DAL BIDU MARA GME
Global S&P Futures mixed in premarket, Nikkei down 2.4%, DAX mixed, WTI Crude oil recently at $82.20, natural gas mixed, gold at $2409