Pre-Market IV Report July 26, 2024

Pre-Market IV Report July 26, 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: ACB BHC PBI WEAT BITI CPRI JWN EL TGT ROST WDAY SPR TJX EMB EVRI PBI PRCT ALXO EBS EXPO IOVA JNPR NAIL

Stocks expected to have increasing option volume: DECK TXRH BYD BMY CL MMM CHTR CNC BAH SKX BYD SAM OLN DECK AEYE NSC MHK

Chip option IV

NVIDIA (NVDA) 30-day option implied volatility is at 57; compared to its 52-week range of 32 to 68. Call put ratio 1.4 calls to 1 put on active option volume of 6.4M contracts.

Broadcom (AVGO) 30-day option implied volatility is at 42; compared to its 52-week range of 25 to 59. Call put ratio 1.1 calls to 1 put amid active volume of 266K contracts.

Arm Holdings (ARM) 30-day option implied volatility is at 80; compared to its 52-week range of 35 to 171. Call put ratio 1 call to 1.2 puts.

Super Micro Computer (SMCI) 30-day option implied volatility is at 79; compared to its 52-week range of 54 to 118. Call put ratio 1.2 calls to 1 put amid active option volume of 258K contracts.

AMD (AMD) 30-day option implied volatility is at 58; compared to its 52-week range of 34 to 58. Call put ratio 1.2 calls to 1 put into quarter results.

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 39; compared to its 52-week range of 22 to 39. Call put ratio 1.1 calls to 1 put amid active volume.

Straddle price into quarter results

McDonalds (MCD) August 2 weekly 250 straddle priced for a move of 4.5% into expected release of quarter results before the bell on July 29.

ON Semiconductor (ON) August 2 weekly 68 straddle priced for a move of 9.5% into expected release of quarter results on July 29.

Chesapeake (CHK) August 77.50 straddle priced for a move of 12% into expected release of quarter results after the bell on July 29.

Tilray (TLRY) August 2 weekly 2 straddle priced for a move of 33% into expected release of quarter results after the bell on July 29. Call put ratio 5.4 calls to 1 put.

Lattice Semiconductor (LSCC) August 55 straddle priced for a move of 12% into expected release of quarter results after the bell on July 29. Call put ratio 1 call to 2.3 puts into quarter results.

Microsoft (MSFT) August 2 weekly 420 straddle priced for a move of 5.5% into expected release of quarter results after the bell on July 30.

Advanced Micro (AMD) August 2 weekly 138 straddle priced for a move of 10% into expected release of quarter results after the bell on July 30.

Movers

Everi Holdings Inc. (EVRI) 30-day option implied volatility is at 112; compared to its 52-week range of 25 to 142 with a focus on August 75 calls as share price trades $8.97.

West Pharma (WST) 30-day option implied volatility is at 34; compared to its 52-week range of 19 to 188 with focus on August 250 puts.

Edwards Lifesciences (EW) 30-day option implied volatility is at 38; compared to its 52-week range of 20 to 71 with a spreader active in August 80, 82.50, 85, 87.50 and 90 puts as share price down 25%.

Ishares Msci Canada Etf (EWC) 30-day option implied volatility is at 15; compared to its 52-week range of 11 to 59 with a focus on March 30 and 38 puts.

Viridian Therapeutics (VRDN) 30-day option implied volatility is at 119; compared to its 52-week range of 50 to 138 with a focus on September 15 puts as share price trades $16.53.

American Axle (AXL) 30-day option implied volatility is at 49; compared to its 52-week range of 30 to 58 with a focus on January 10 calls.

Options with decreasing option implied volatility: TSLL GME VKTX ALGN ENPH SPOT NFLX
Increasing unusual option volume: EW EWC LIT ACI MTUM GXO LXRX CERE SKX IONS
Increasing unusual call option volume: IONS LXRX SKX DAY CMG FI LHX EW ACI
Increasing unusual put volume: PTEN EW SKX CERE STWD CMG MLCO OMEX
Popular stocks with increasing volume: MU F AAL PLTR MS MCI AVGO PFE TSM INTC
Active options: NVDA TSLA AAPL AMD F AMZN META MSFT AAL PLTR MU CMG GOOGL SMCI AVGO PFE TSM INTC AMC MARA
Global S&P Futures mixed in premarket, Nikkei down 3%, DAX down 1%, WTI Crude oil recently at $78, natural gas mixed, gold at $2369