Pre-Market IV Report July 16, 2024

Pre-Market IV Report July 16, 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: QS RUM ABR HE BHC BILL SE MNDY ONON TPR CSCO WMT

Stocks expected to have increasing option volume: BAC STT MS PNC SCHW UNH NFLX UAL

Straddle prices into quarter results

ASML Holdings (ASML) July 1065 straddle priced for a move of 7% into the expected release of quarter results before the bell on July 17.

Johnson & Johnson (JNJ) July 149 straddle priced for a move of 3% into the expected release of quarter results before the bell on July 17.

Prologics (PLD) July 120 straddle priced for a move of 5% into the expected release of quarter results before the bell on July 17.

Las Vegas Sands (LVS) July 42 straddle priced for a move of 4% into the expected release of quarter results on July 17.

U.S. Bancorp (USB) July 42 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 17.

Kinder Morgan (KMI) July 20 straddle priced for a move of 3.5% into the expected release of quarter results before the bell on July 17.

United Airlines (UAL) July 44 straddle priced for a move of 8% into the expected release of quarter results after the bell on July 17.

Ally Financial (ALLY) July 44 straddle priced for a move of 7% into the expected release of quarter results before the bell on July 17.

Alcoa (AA) July 39 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on July 17.

Crown Castle (CCI) July 100 straddle priced for a move of 5% into the expected release of quarter results after the bell on July 17.

Bank of Ozark (OZK) July 44 straddle priced for a move of 5.5% into the expected release of quarter results after the bell on July 17.

Movers

Coinbase (COIN) 30-day option implied volatility is at 74; compared to its 52-week range of 59 to 103. Call put ratio 2.5 calls to 1 put on active volume of 310K contracts as Bitcoin moves up.

Macy’s (M) 30-day option implied volatility is at 46; compared to its 52-week range of 35 to 77 after the company announced it terminated conversations with activist investors Arkhouse and Brigade about a potential deal. Call put ratio 1 call to 1 put with focus on January 25 calls and January 8 puts.

Cintas Corp. (CTAS) 30-day option implied volatility is at 26; compared to its 52-week range of 13 to 46 with a focus on August 700 calls.

AES Corp (AES) 30-day option implied volatility is at 42; compared to its 52-week range of 25 to 87 with a focus on 3500 contracts of August 16 puts purchased for 40c as share price down 9.5%.

Carter’s (CRI) 30-day option implied volatility is at 39; compared to its 52-week range of 23 to 78 with a focus on 1500 contracts of August 60 puts trading at $2.20.

NuScale Power Corporation (SMR) 30-day option implied volatility is at 105; compared to its 52-week range of 46 to 184. Call put ratio 3.9 calls to 1 put with focus on January 25 calls as share price up .

Zimmer Biomet Holdings (ZBH) 30-day option implied volatility is at 29; compared to its 52-week range of 17 to 70 with a focus on 4850 contracts of August 100 puts trading on the bid at $1.

Avalonbay Communities (AVB) 30-day option implied volatility is at 18; compared to its 52-week range of 15 to 62 amid Biden to unveil plan to cap rents as GOP convention begins, Washington Post says.

China option IV amid headlines

Pinduoduo (PDD) 30-day option implied volatility is at 35; compared to its 52-week range of 30 to 77.

JD.com (JD) 30-day option implied volatility is at 43; compared to its 52-week range of 34 to 64. Call put ratio 4.8 calls to 1 put with focus on September 25 and 35 calls.

Alibaba (BABA) 30-day option implied volatility is at 36; compared to its 52-week range of 27 to 48.

iShares MSCI China ETF (MCHI) 30-day option implied volatility is at 44; compared to its 52-week range of 20 to 54. Call put ratio 2.2 calls to 1 put.

iShares China Large-Cap (FXI) 30-day option implied volatility is at 26; compared to its 52-week range of 22 to 34.
KraneShares CSI China Internet ETF (KWEB) 30-day option implied volatility is at 30; compared to its 52-week range of 25 to 46. Call put ratio 3.7 calls to 1 put with focus on July calls.

Db X-trackers Harvest CSI 300 China A – Shares Fund (ASHR) 30-day option implied volatility is at 17; compared to its 52-week range of 16 to 25.

Apartment sector option IV after headlines Biden to unveil plan to cap rents

Mid-America Apartment (MAA) 30-day option implied volatility is at 21; compared to its 52-week range of 14 to 71 after Biden to unveil plan to cap rents, Washington Post says.

Essex Property Trust (ESS) 30-day option implied volatility is at 22; compared to its 52-week range of 16 to 72.

UDR, Inc. (UDR) 30-day option implied volatility is at 28; compared to its 52-week range of 14 to 29.

Camden Property (CPT) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 29.

Equity Residential (EQR) 30-day option implied volatility is at 20; compared to its 52-week range of 16 to 64. Call put ratio 1 call to 2.8 puts.

Prison stocks option volume up

CoreCivic (CXW) 30-day option implied volatility is at 46; compared to its 52-week range of 23 to 82. Call put ratio 2.7 calls to 1 put with focus on July and August 14 calls.

GEO Group (GEO) 30-day option implied volatility is at 18; compared to its 52-week range of 27 to 90. Call put ratio 4.3 calls to 1 put with focus on September 16 and 19 calls.

Smith & Wesson Brands (SWBI) 30-day option implied volatility is at 37; compared to its 52-week range of 19 to 80. Call put ratio 5.1 calls to 1 put with focus on July and August calls.

Sturm Ruger (RGR) 30-day option implied volatility is at 34; compared to its 52-week range of 13 to 71. Call put ratio 6.6 calls to 1 put with focus on July calls.

Options with decreasing option implied volatility: CPRI PCT DAL CAG EMB WFC BLK PEP
Increasing unusual option volume: SWBI MTUM JEF CNP IMPP RUM AUR
Increasing unusual call option volume: IMPP RUM SWBI NOG NANOS AUR CMG RSI BZFD
Increasing unusual put volume: AES SIRI GGAL HES FGEN EWJ SLG AVTR EWT APLD
Popular stocks with increasing volume: SOFI SIRI DJT AVGO COIN GME RIVN F SMCI HOOD RIOT INTC
Active options: NVDA TSLA AAPL AMZN MARA PLTR AMD SOFI SIRI DJT META AVGO COIN GME RIVN F SMCI HOOD RIOT INTC
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $81, natural gas mixed, gold at $2443