Pre-Market IV Report June 3, 2024

Pre-Market IV Report June 3, 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: BITI HIMS HPE MNST NKE FDX EMB VOD GIS AVTE VRNA SAM AGIO IMVT HA LABD BITI NGL SAIC PENN MNST OWL CTLT BEN JEPQ

Stocks expected to have increasing option volume: AMD NVDA PARA SRCL WM SAM LULU GME AMC

Option IV amid new chip headlines

NVIDIA (NVDA) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 68.

AMD (AMD) 30-day option implied volatility is at 42; compared to its 52-week range of 34 to 59.

Option IV into headlines

Stericycle (SRCL) 30-day option implied volatility is at 32; compared to its 52-week range of 17 to 46 into WM (WM) near deal to buy Stericycle for $7B including debt, WSJ reports. Call put ratio 1 call to 17 puts with focus on June 45 puts.

WM (WM) 30-day option implied volatility is at 14; compared to its 52-week range of 11 to 23 into near deal to buy Stericycle (SRCL) for $7B including debt, WSJ reports. Call put ratio 4.8 calls to 1 put.

Paramount Global (PARA) 30-day option implied volatility is at 64; compared to its 52-week range of 40 to 87 into shares valued around $15 in new Skydance bid, WSJ reports.

Movers

GameStop (GME) 30-day option implied volatility is at 184; compared to its 52-week range of 52 to 347. Call put ratio 3.3 calls to 1 put into share price trades $39 before the bell.

AMC Entertainment (AMC) day option implied volatility is at 138; compared to its 52-week range of 77 to 572. Call put ratio 2.8 calls to 1 put as share price above $5 before the bell.

Boston Beer Co. (SAM) 30-day option implied volatility is at 47; compared to its 52-week range of 21 to 71. Call put ratio 1.7 calls to 1 put as share price after WSJ report on Suntory talks.

Caesars Entertainment (CZR) 30-day option implied volatility is at 45; compared to its 52-week range of 36 to 57. Call put ratio 1.7 calls to 1 put as share price up.

MGM Resorts (MGM) 30-day option implied volatility is at 30; compared to its 52-week range of 26 to 46. Call put ratio 10.9 calls to 1 put on active May weekly and June weekly calls.

Melco Resorts & Entertainment (MLCO) 30-day option implied volatility is at 49; compared to its 52-week range of 41 to 69.

Evolent Health (EVH) 30-day option implied volatility is at 45; compared to its 52-week range of 30 to 54 amid active June 20 puts.

LifeStance Health Group, Inc. (LFST) 30-day option implied volatility is at 67; compared to its 52-week range of 35 to 132 amid active December 7 and December 10 put spreader.

NextDecade (NEXT) 30-day option implied volatility is at 56; compared to its 52-week range of 37 to 179. Call put ratio 116 calls to 1 put amid active July, October and January call volume.

Straddle prices into quarter results

CrowdStrike (CRWD) June weekly 315 straddle priced for a move of 14% into the expected release of quarter results after the bell on June 4.

Hewlett Packard Enterprise (HPE) June weekly 17.50 straddle priced for a move of 13% into the expected release of quarter results after the bell on June 4.

Bath & Body Works (BBWI) June weekly 52 straddle priced for a move of 9% into the expected release of quarter results before the bell on June 4.

Lululemon (LULU) June weekly 310 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on June 5.

Options with decreasing option implied volatility: ACB FL CHWY ANF AAP PATH AI OKTA ASAN GH S MDB GPS ZS PSTG AEO BURL
Increasing unusual option volume: BKLN FFIE SMMT MAXN ATUS MNST LICY PRKS BNED
Increasing unusual call option volume: VLY FFIE ATUS BEN BCE MNST BITO SMMT EWW ASTS
Increasing unusual put option volume: BKLN MAXN FRWD DELL ASTS EQX CRM HPQ TIGR CORZ
Popular stocks with increasing volume: DELL CRM PLTR BABA COIN MRVL BAC
Active options: NVDA TSLA AAPL AMD AMZN DELL MSFT CRM PLTR BABA MARA SMCI COIN HOOD MRVL AMC GME GPS BAC
Global S&P Futures up in premarket, Nikkei up 1%, DAX up, WTI Crude oil recently at $77, natural gas up 4%, gold at $2347