Pre-Market IV Report June 24, 2024

Pre-Market IV Report June 24, 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: CGC APLD SNAP NFLX TSM ALGN CMG DPZ ISRG

Stocks expected to have increasing option volume: BA SPR NKE FDX MU UAA NYCB IBM AFRM

Boeing (BA) option IV into ongoing headlines

Boeing (BA) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 39 into US Prosecutors Recommend DOJ Criminally Charge Boeing – Reuters. 1088 of July 190 calls purchased into the bell for $1.66 with share price at $176.70.

Straddle prices into quarter results

FedEx (FDX) June weekly 97 straddle priced for a move of 7.5% into the expected release of quarter results after the bell on June 25. Call put ratio 1.5 calls to 1 put on total volume of 31K contracts.

Carnival Cruise Lines (CCL) June weekly 16 straddle priced for a move of 9% into the expected release of quarter results before the bell on June 25. 3000 contracts of August 14 puts trade on offer at 38 cents.

Micron (MU) June weekly 139 straddle priced for a move of 14% into the expected release of quarter results after the bell on June 26. June 28 weekly 140 calls active at $8.50.

Moves

Ishares Msci France Etf (EWQ) 30-day option implied volatility is at 24; compared to its 52-week range of 13 to 24 with most active option July 36 puts with volume of +200 contracts trading at 40 cents.

New York Community Bancorp (NYCB) 30-day option implied volatility is at 48; compared to its 52-week range of 24 to 233 into New York Community Bancorp files to sell 840M shares of common for holders and files to sell 315,000 warrants for holders. July 5 and 9 puts active on spreads of 1350 contracts.

Under Armour Inc (UAA) 30-day option implied volatility is at 29; compared to its 52-week range of 25 to 63 into enters agreement to settle securities class action litigation. January 10 calls active on seven transactions at 15 cents into bell.

Micron Technology (MU) call put ratio 1.9 call to 1 put on 321K contracts with a focus on 1,955 contracts of June 28 2024(W) 140 calls trading at $8.50 and second block of 1,844 contracts of June 28 2024(W) 140 calls trading at $9.50 with stock trading at $136.52.

Petrobras (PBR) call put ratio 3.8 calls to 1 put with a focus on 20K contracts of August 16 2024 15 calls sold for 37 cents with PBR trading at $14.11.

Palantir (PLTR) call put ratio 2.1 calls to 1 put on 524K contracts with a focus on a purchase of 1,575 contracts of January 17 2025 17 puts at 92 cents.

iQIYI (IQ) call put ratio 1 call to 4 puts with a focus on December 3.5 puts trading at 39 cents and January 3.5 puts trading at 42 cents.

ZoomInfo Technologies Inc. (ZI) 11K contracts trade with a focus on several large trades 1,700 contracts, 1,186 contracts and 1K contracts of August 10 puts trading at 25 cents.

Vanguard Total Bond Market (BND) two separate trades of 1K contracts of September 74 puts traded at 30 cents.

S&P 500 ESG Index (SPESG) put spreader active transacting 1,866 contracts of September 440 and 1866 contracts of 485 puts.

Options with decreasing option implied volatility: SRPT GME RH ADBE KMX YPF CPRI KR CAN IEP LEN HPE EMB HYG
Increasing unusual option volume: BIRK SWBI CHK SRPT ACHR LXRX
Increasing unusual call option volume: SWBI PPL LXRX ACHR SRPT SAGE BEN CYTK ALNY
Increasing unusual put option volume: CHK AVTR BMRN SRPT PSEC OCGN
Popular stocks with increasing volume: PLTR MU SMCI COIN INTC ARM DELL TSM
Active options: NVDA TSLA AAPL AMD AMZN PLTR GOOGL GME MU MSFT SMCI MARA META GOOG COIN INTC ARM DELL TSM AMC
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $80.90, natural gas mixed, gold at $2342