Pre-Market IV Report June 5, 2019

Pre-Market IV Report June 5, 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: GME MYL KHC TEVA NLSN BB CLDR LULU BYND SFIX ZM

Options expected to have increasing volume: CRM AMBA TIVO BIIB AMGN TMUS S CPB SFIX BYND SIG CIEN ZM S GME

Option implied volatility decreased as the US Equity market reacted to comments by Fed Chairman Powell that suggested the FOMC would be open to easing monetary policy should the on-going international trade disputes disrupt the health of the economy. The Fed Funds futures market is now pricing in a greater chance for a rate cut at the July 31st meeting.

Walmart (WMT) June weekly call option implied volatility is at 19, June is at 18, July is at 17; compared to its 52-week range of 14 to 30 into President & CEO McMillon holds a Q&A session with the investment community in Fayetteville, Arkansas on June 7.

Biogen (BIIB) June weekly call option implied volatility is at 34, June is at 28, July is at 27; compared to its 52-week range of 21 to 45 into management reviews the company’s investigational therapies for the treatment of amyotrophic lateral sclerosis (ALS) on an investor webcast.

Ishares Msci Mexico Capped Etf (EWW) June weekly call option implied volatility is at 28, June is at 22; compared to its 52-week range of 17 to 43 into talks to resolve the U.S. imposing a 5% tariff on all goods coming from Mexico.

Steel stock option implied volatility bid as shares near multi-year lows

AK Steel (AKS) June weekly call option implied volatility is at 77, June is at 72, July is at 66; compared to its 52-week range of 40 to 96.
Nucor (NUE) June weekly call option implied volatility is at 33, June is at 30, July is at 29; compared to its 52-week range of 22 to 45.
Steel Dynamics (STLD) June and July call option implied volatility is at 34; compared to its 52-week range of 25 to 49.
U.S. Steel (X) June weekly call option implied volatility is at 58, June is at 54, July is at 52; compared to its 52-week range of 34 to 65.

Tesla (TSLA) June weekly call option implied volatility is at 66, June is at 59, July 60; compared to its 52-week range of 38 to 86 after large intra-day rally to $193.60.

Straddle prices for stocks expected to report quarterly results this week

American Eagle (AEO) June weekly 18.50 straddle priced for move of 9% into the expected release of quarterly results today before the bell.

Campbell Soup (CPB) June weekly 38 straddle priced for move of 5.5% into the expected release of quarterly results today before the bell.

Five Below (FIVE) June weekly 125 straddle priced for move of 8% into the expected release of quarterly results today.

Cloudera (CLDR) June weekly 9 straddle priced for move of 16% into the expected release of quarterly results today after the bell.

Stich Fix (SFIX) June weekly 24 straddle priced for move of 15% into the expected release of quarterly results today after the bell.

United Natural Foods (UNFI) June 10 straddle priced for move of 16% into the expected release of quarterly results today after the bell.

Beyond Meat (BYND) June weekly 103 straddle priced for move of 14% into the expected release of quarterly results after the bell on June 6.

Ciena (CIEN) June weekly 36 straddle priced for move of 8% into the expected release of quarterly results before the bell on June 6.

Signet Jewelers (SIG) June weekly 20.50 straddle priced for move of 15% into the expected release of quarterly results before the bell on June 6.

The J.M. Smucker Company (SJM) June 125 straddle priced for move of 5% into the expected release of quarterly results before the bell on June 6.

Vail Resorts (MTN) June 220 straddle priced for move of 7% into the expected release of quarterly results after the bell on June 6.

Zoom Video (ZM) June 80 straddle priced for move of 15% into the expected release of quarterly results after the bell on June 6.

Zumiez (ZUMZ) June 20 straddle priced for move of 13% into the expected release of quarterly results after the bell on June 6.

Increasing unusual option volume: PAGP EWC MOH FLT ATI AU BFB QCOM NPTN TSEM WU PCG
Increasing unusual call option volume: MOH AU QCOM NPTN GDS FOLD HD CPB AMN
Increasing unusual put option volume: PAGP EWC GBT BFB HQY GWRE NCLH DISH MAT CLR AEO
Popular stocks with increasing unusual volume: F AEO DISH BOX CPB TIF NAV GME TOL
Options with decreasing option implied volatility: CY NAV ANF MMM GOOS APC
Active options: QCOM AAPL FB TSLA AMD BAC HD SNAP AMZN BABA MSFT NVDA CRM NFLX GE JD C MU F SQ