Pre-Market IV Report June 20, 2019

Pre-Market IV Report June 20, 2019

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: APC KR DISH BB PFE ECA GLD CNX HTZ SKX NFLX IBM VFC

Options expected to have increasing volume: ORCL TMUS S DISH TSLA

S&P Dep Receipts (SPY) June call option implied volatility is at 13, July is at 14; compared to its 52-week range of 8 to 32 after FOMC rate decision and into G20 meeting on June 28-29.

Gold near five year high as option implied volatility is low to flat

SPDR Gold Trust (GLD) June call option implied volatility is at 16, July is at 12; compared to its 52-week range of 8 to 13.

Kinross Gold (KGC) July call option implied volatility is at 34; compared to its 52-week range of 28 to 58

Barrick Gold (GOLD) June call option implied volatility is at 31, July is at 27; compared to its 52-week range of 23 to 44.

IAMGOLD Corp. (IAG) June call option implied volatility is at 48, July is at 42; compared to its 52-week range of 30 to 73.
Newmont Mining (NEM) June call option implied volatility is at 25, July is at 23; compared to its 52-week range of 20 to 38 as gold near a five-year high.

Direxion Junior Gold (JNUG) June call option implied volatility is at 101, July is at 85; compared to its 52-week range of 48 to 101.

United States Oil Fund (USO) June call option implied volatility is at 38, July is at 37; compared to its 52-week range of 23 to 62 as WTI oil trades up 2.5%.

Tesla (TSLA) June call option implied volatility is at 51, July 59; compared to its 52-week range of 38 to 86 into Goldman lowers its price target to $158 from $200.

Straddle prices for stocks expected to report quarterly results this week

Canopy Growth Corporation (CGC) June straddle 43 priced for a move of 7% into the expected release of quarterly results today after the bell.
Darden (DRI) June 115 straddle priced for a move of 5.5% into the expected release of quarterly results today before the bell.
Commercial Metals (CMC) June 16 straddle priced for a move of 10% into the expected release of quarterly results today before the bell.
Korn Ferry (KFY) June 45 straddle priced for a move of 7% into the expected release of quarterly results today after the bell.
Kroger (KR) June 24 straddle priced for a move of 7.5% into the expected release of quarterly results today before the bell.
CarMax (KMX) June straddle 84 priced for a move of 8% into the expected release of quarterly results before the bell on June 20.

Bank option implied volatility ticks up after FOMC and stress tests results to be release

Bank of America (BAC) 30-day option implied volatility is at 27; compared to its 52-week range 16 to 47
Citi (C) 30-day option implied volatility is at 28; compared to its 52-week range 16 to 55
Goldman Sachs (GS) 30-day option implied volatility is at 26; compared to its 52-week range 15 to 50
JPMorgan (JPM) 30-day option implied volatility is at 23; compared to its 52-week range 15 to 41
Morgan Stanley (MS) 30-day option implied volatility is at 28; compared to its 52-week range 18 to 50
U.S. Bancorp (USB) 30-day option implied volatility is at 21; compared to its 52-week range 13 to 36
Wells Fargo (WFC) 30-day option implied volatility is at 25; compared to its 52-week range 16 to 45
PNC Financial Services (PNC) 30-day option implied volatility is at 25; compared to its 52-week range of 15 to 43
State Street (STT) 30-day option implied volatility is at 32; compared to its 52-week range 18 to 47
Capital One Financial (COF) 30-day option implied volatility is at 26; compared to its 52-week range of 17 to 44
Northern Trust (NTRS) 30-day option implied volatility is at 26; compared to its 52-week range 17 to 40
Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 18; compared to its 52-week range of 13 to 34

The market is putting a 70% probability on the FOMC cutting rates three times by year’s end, according to data compiled by Bloomberg.

On investor minds: Global trade, a collapse in the fixed-income market’s expectations for growth, inflation and next week’s Group of 20 summit in Japan with the focus on U.S.-China trade.

Increasing unusual option volume: GGB MGI NVCR LZB WGO SCS LDOS AXTA ONB AXTA
Increasing unusual call option volume: NVCR LQD JWN WGO AOBC XME HRB KMB
Increasing unusual put option volume: GGB LZB WGO AAXN KBH FBHS ORCL YY TLT FIZZ
Popular stocks with increasing unusual volume: SNAP BYND ADBE NIO DIS
Options with decreasing option implied volatility: ANF BIDU LOW CLDR ARRY ARQL TLRD RH GBT S LULU