Pre-Market IV Report June 6, 2024

Pre-Market IV Report June 6, 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: XP SDOW MNST TMUS NVAX CYTK TERN CONY TNDM MANU UNG FSM NICE TTC AMBC BUR BKLN

Stocks expected to have increasing option volume: LULU FIVE SMAR VSCO SMTC SJM BASE CHPT SPWR CIEN MTN SJM DOCU

Infrastructure option IV into events and May employment report

NVIDIA (NVDA) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 68 as Nvidia’s stock market value hit $3T for the first time on Wednesday into stock split.

Apple (AAPL) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 31 into hosting its annual Worldwide Developers Conference (WWDC) from June 10 through 14, 2024. Call put ratio 2.2 calls to 1 put.

Boeing (BA) 30-day option implied volatility is at 29; compared to its 52-week range of 22 to 39 into Boeing CEO Dave Calhoun will testify before a U.S. Senate panel on June 18.

Lyft (LYFT) 30-day option implied volatility is at 62; compared to its 52-week range of 50 to 98 into hosting an investor meeting today. Call put ratio 3.1 calls to 1 put.

Deere & Co. (DE) 30-day option implied volatility is at 20; compared to its 52-week range of 19 to 36.

Caterpillar (CAT) 30-day option implied volatility is at 23; compared to its 52-week range of 21 to 38.

General Motors (GM) 30-day option implied volatility is at 24; compared to its 52-week range of 21 to 44.

Ford Motor (F) 30-day option implied volatility is at 27; compared to its 52-week range of 24 to 42.

GE Aerospace (GE) 30-day option implied volatility is at 26; compared to its 52-week range of 19 to 39.

Levi (LEVI) 30-day option implied volatility is at 33; compared to its 52-week range of 25 to 91. Call put ratio 2.1 calls to 1 put as share price near 28-month high.

Energy Select Sector SPDR ETF (XLE) 30-day option implied volatility is at 19; compared to its 52-week range of 16 to 27 as WTI crude oil trades $74.50.

United States Oil Fund (USO) 30-day option implied volatility is at 26; compared to its 52-week range of 24 to 42. Call put ratio 2.7 calls to 1 put as WTI crude oil trades $74.50.

Straddle prices into quarter results

DocuSign (DOCU) June weekly 53 straddle priced for a move of 10.50% into the expected release of quarter results today after the bell.

NIO (NIO) June weekly 5.5 straddle priced for a move of 12% into the expected release of quarter results today before the bell.

Ciena (CIEN) June 50 straddle priced for a move of 12% into the expected release of quarter results today before the bell.

Vail Resorts (MTN) June 190 straddle priced for a move of 7.5% into the expected release of quarter results today after the bell.

J.M. Smucker (SJM) June 110 straddle priced for a move of 5% into the expected release of quarter results today before the bell.

Movers

Norwegian Cruise Line (NCLH) 30-day option implied volatility is at 38; compared to its 52-week range of 34 to 64. Call put ratio 7.8 calls to 1 put with focus on June 19 and 20 calls as share price up 3.2%.

Dollar Tree (DLTR) 30-day option implied volatility is at 27; compared to its 52-week range of 20 to 52 amid active July 110 puts and July 130 calls as share price down 5% after quarter results.

Mobileye (MBLY) 30-day option implied volatility is at 43; compared to its 52-week range of 33 to 98 amid active July 22 and 27 puts.

Core Scientific (CORZ) 30-day option implied volatility is at 76; compared to its 52-week range of 75 to 166 amid active June 9 calls and July 6 puts.

EOG Resources (EOG) 30-day option implied volatility is at 22; compared to its 52-week range of 19 to 36 amid active July 110 puts and July 125 calls.

Cytokinetics (CYTK) call put ratio 4.1 calls to 1 put with focus on June 50 and July 60 calls as share price up.

HubSpot (HUBS) 30-day option implied volatility is at 53; compared to its 52-week range of 31 to 68.

Morningstar (MORN) 30-day option implied volatility is at 21; compared to its 52-week range of 17 to 70 as share price near 40-month high.

Options with decreasing option implied volatility: DJT ASTS FL AI S GTLB PATH GPS ASAN OKTA
Increasing unusual option volume: FFIE BKLN MNST SFIX FLEX NICE BNEX
Increasing unusual call option volume: MNST FFIE IVZ SMG FLEX SBLK CRDO TNDM
Increasing unusual put option volume: BKLN CORZ MNST MKC NXE HBAN HPE AVTR FSM MAXN
Popular stocks with increasing volume: GME AMC CRWD TSM HPE MNST INTC SNOW NIO SMCI
Active options: NVDA TSLA AAPL AMD GME META PLTR AMC AMZN MSFT MARA CRWD TSM HPE MNST INTC RIOT SNOW NIO SMCI
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $74.50, natural gas mixed, gold at $2386