Pre-Market IV Report July 8, 2024

Pre-Market IV Report July 8, 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: SAVA ARDX RBLX HLF PBI

Stocks expected to have increasing option volume: BA SPR PARA JPM C WFC BAC

Option IV into Jay Powell testimony and CPI

Tesla (TSLA) 30-day option implied volatility is at 66; compared to its 52-week range of 40 to 66. Call put ratio 1.4 calls to 1 put on active volume of 3.9M contracts with focus on July 12 weekly options.

Boeing (BA) 30-day option implied volatility is at 33; compared to its 52-week range of 22 to 39 into Boeing to plead guilty to fraud in probe of fatal MAX crashes, Reuters says. Call put ratio 1.8 calls to 1 put.

Ishares Msci France Etf (EWQ) 30-day option implied volatility is at 18; compared to its 52-week range of 13 to 24 into election results. Call put ratio 5.4 calls to 1 put with focus on July 40 calls.

Paramount Global (PARA) 30-day option implied volatility is at 41; compared to its 52-week range of 40 to 87 into Paramount Global agrees to Skydance deal, WSJ reports.

Warner Bros. Discovery (WBD) 30-day option implied volatility is at 45; compared to its 52-week range of 36 to 65 into Skydance in pact to buy National Amusements, merge with Paramount (PARA), WSJ says.

Straddle price into quarter results

Pepsico (PEP) July 162.50 weekly straddle priced for a move of 2.5% into the expected release of quarter results before the bell on July 11.

Movers

United States Oil Fund (USO) 30-day option implied volatility is at 22; compared to its 52-week range of 22 to 42 as WTI Crude Oil trends higher into Gulf of Mexico hurricane season.

Arm Holdings (ARM) 30-day option implied volatility is at 85; compared to its 52-week range of 35 to 171. Call put ratio 1.9 calls to 1 put on active volume of 292K contracts with focus on July 12 weekly options as share price near record high.

Coinbase (COIN) July weekly call option implied volatility is at 69; compared to its 52-week range of 59 to 116 as Bitcoin near low end of range. Call put ratio 2.1 calls to 1 put.

Futu Holdings Limited (FUTU) 30-day option implied volatility is at 45; compared to its 52-week range of 41 to 65. Call put ratio 8 calls to 1 put with focus on January 60 calls as share price up.

Akamai Technologies (AKAM) 30-day option implied volatility is at 32; compared to its 52-week range of 15 to 59. Call put ratio 7.8 calls to 1 put with focus on September 90 and 100 calls.

Coterra Energy (CTRA) 30-day option implied volatility is at 26; compared to its 52-week range of 17 to 33 with focus on sellers of August 9 weekly 24 puts at 15c and 20c.

Ishares Msci Canada Etf (EWC) 30-day option implied volatility is at 12; compared to its 52-week range of 11 to 59 with a focus on December 34 and 37 puts.

iShares Silver Trust (SLV) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 40 as silver trends higher.

Options with decreasing option implied volatility: CHWY ANVS NKE SPR STZ
Increasing unusual option volume: NEGG EWC MTUM EWH EIX SIRI ACI UAN BMBL NVT
Increasing unusual call option volume: ACI CMG SIRI MBLY UAN ANVS
Increasing unusual put volume: SIRI MTUM KDP BMBL APLD CP BIG
Popular stocks with increasing volume: INTC SIRI MU COIN ARM GME SMCI NKE AVGO
Active options: NVDA TSLA AAPL AMD META AMZN PLTR INTC SIRI MSFT MARA GOOGL MU COIN ARM GME SMCI NKE GOOG AVGO
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $82, natural gas mixed, gold at $2376