Pre-Market IV Report June 19, 2018

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 overlooked information.

Options with increasing option implied volatility: SOGO DBX LCI SKX PCG NFLX GME BIIB UPRO PRSP INTC SBUX NXPI INTC BOX

Options expected to have increasing volume: SPY QQQ RUT ORCL MU FDX

S&P Dep Receipts (SPY) June weekly call option implied volatility is at 10, July is at 10; compared to its 52-week range of 7 to 35 into U.S. and China trade tensions.

PowerShares QQQ Trust (QQQ) June weekly call option implied is at 16, July is at 15; compared to its 52-week range of 11 to 31.

Ishares Russell 2000 Etf (IWM) June weekly call option implied is at 14, July is at 12; compared to its 52-week range of 11 to 25.

FedEx (FDX) June weekly call option implied volatility is at 48, July is at 24; compared to its 52-week range of 16 to 34 into the expected release of Q4 results today after the market close.

Oracle (ORCL) June weekly call option implied volatility is at 64, July is at 26; compared to its 52-week range of 13 to 31 into the expected release of Q4 results today after the market close.

Micron (MU) June weekly call option implied volatility is at 99, July is at 54; compared to its 52-week range of 35 to 77 into the expected release of Q3 results after the market close on June 20.

Sogou Inc. (SOGO) July call option implied volatility is at 110, October is at 104; compared to its 26-week range of 42 to 113 on wide price movement. Call put ratio 8 calls to 1 put on wide price movement.

iQIYI (IQ) July call option implied volatility is at 105, August is at 107; compared to its 11-week range of 57 to 108 as shares rally to record high on wide price movement.

Dropbox (DBX) June weekly call option implied volatility is at 112, July is at 75; compared to its 14 week range of 38 to 78 on wide price movement.

PG&E Corp. (PCG) June weekly call option implied volatility is at 61, July is at 51; compared to its 52-week range of 12 to 52 on the uncertainty of the siege of fires in Northern California in October.

GameStop (GME) June weekly call option implied volatility is at 85, July is at 55; compared to its 52-week range of 28 to 84 after Reuters reported takeover interest.

Lannett (LCI) July call option implied volatility is at 83, August is at 103; compared to its 52-week range of 37 to 95 into upcoming levothyroxine outcome. Call put ratio 1 call to 9.7 puts.

Starbucks Corp (SBUX) June weekly call option implied volatility is at 39, July is at 19; compared to its 52-week range of 14 to 27 into presenting at an Oppenheimer conference.

Foundation Medicine (FMI) July call option implied volatility is at 49, August is at 53; compared to its 52-week range of 41 to 75 into Roche (RHHBY) acquires for $2.4B.

The oil ‘Majors’ option implied volatility into OPEC

Sinopec (SNP) 30 day option implied volatility is at 28, compared to its 52-week range of 16 to 36
PetroChina (PTR) 30 day option implied volatility is at 27, compared to its 52-week range of 16 to 39
CNOOC (CEO) 30 day option implied volatility is at 30, compared to its 52-week range of 15 to 33
SPDR S&P Oil and Gas Exploration and Production ETF (XOP) 30-day implied volatility is at 31, compared to its 52-week range of 23 to 40
Energy Select Sector SPDR (XLE) 30-day implied volatility is at 19, compared to its 52-week range of 12 to 30
United States Oil Fund (USO) June weekly call option implied volatility is at 38, July is at 26; compared to its 52-week range of 17 to 32 into June OPEC meeting.

Straddle prices for stocks expected to report results this week

FedEx (FDX) June weekly 265 straddle priced for move of 3.8% into the expected release of Q4 before the market open on June 19

La-Z-Boy (LZB) July 35 straddle priced for move of 14% into the expected release of Q4 results after the market close on June 19
Oracle (ORCL) June weekly 46.50 straddle priced for a move of 5.3% into the expected release of Q4 results after the market close on June 19

Barnes & Noble Education (BNED) July 7.5 straddle priced for a move of 28% into the expected release of Q4 results after the market close on June 20
Micron (MU) June weekly 58.50 straddle priced for a move of 8.1% into the expected release of Q3 results after the market close on June 20

Winnebago (WGO) July 41 straddle priced for move of 12% into the expected release of Q3 before the market open on June 20

Barnes & Noble (BKS) July 6 straddle priced for move of 15% into the expected release of Q4 before the market open on June 21

Commercial Metals (CMC) July 24 straddle priced for move of 8.5% into the expected release of Q3 before the market open on June 21
Darden Restaurants (DRI) July 95 straddle priced for move of 6.2% into the expected release of Q4 before the market open on June 21

Finish Line (FINL) July 13 straddle priced for move of 2.5% into the expected release of Q1 before the market open on June 21
Kroger (KR) June weekly 26 straddle priced for move of 8.5% into the expected release of Q1 before the market open on June 21

Red Hat (RHT) June 177.50 straddle priced for move of 6.2% into the expected release of Q1 before the market open on June 21
Steelcase (SCS) July 15 straddle priced for move of 9% into the expected release of Q1 before the market open on June 21

Increasing unusual option volume: LZB CBIO TK NDLS CORT MUSA PTCT EWH RSG CCS SOGO VSTM BTE GME
Increasing unusual call option volume: TK NDLS PTCT EZU ALLY PDCO SOGO KRO FRO RCII VSTM ERJ PAH PIR
Increasing unusual put option volume: CORT EMES EWH PXD ERJ BAX NTR CYH
Popular stocks with increasing unusual option volume: VRX MSFT NXPI SNAP
Active options: AMD TSLA BAC FB T JD AAPL MU INTC SNAP BABA GE NXPI TWTR NFLX AMZN VRX C MSFT
Options with decreasing option implied volatility: RCII SRNE F NUGT QCOM GDX JNUG DIS GOOS FSLR TWTR PAH
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