Pre-Market IV Report March 13, 2023

Pre-Market IV Report March 13, 2023

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: SBNY ALT UVIX SCHW RUN GAS TFC AUPH LABD ALLY FITB KRE NYCB HBAN banks

Stocks expected to have increasing option volume: LEN FDX ADBE SCHW SPY QQQ banks, tech based in Northern California

Bank of IV into U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SIVB)

Bank option IV

JPMorgan (JPM) 30-day option implied volatility is at 33; compared to its 52-week range of 20 to 44.

Wells Fargo (WFC) 30-day option implied volatility is at 39; compared to its 52-week range of 22 to 49.

Bank of America (BAC) 30-day option implied volatility is at 39; compared to its 52-week range of 22 to 47.

Citigroup (C) 30-day option implied volatility is at 36; compared to its 52-week range of 23 to 51.

Goldman Sachs (GS) 30-day option implied volatility is at 34; compared to its 52-week range of 22 to 44.

Morgan Stanley (MS) 30-day option implied volatility is at 33; compared to its 52-week range of 22 to 46.

U.S. Bancorp (USB) 30-day option implied volatility is at 38; compared to its 52-week range of 20 to 41.

KeyCorp (KEY) 30-day option implied volatility is at 48; compared to its 52-week range of 25 to 91. Call put ratio 1 call to 5.5 puts.

Truist (TFC) 30-day option implied volatility is at 56; compared to its 52-week range of 23 to 88.

PNC Financial (PNC) 30-day option implied volatility is at 39; compared to its 52-week range of 22 to 40.

Charles Schwab (SCHW) 30-day option implied volatility is at 64; compared to its 52-week range of 26 to 65.

First Republic Bank (FRC) 30-day option implied volatility is at 184; compared to its 52-week range of 24 to 184.

Comerica (CMA) 30-day option implied volatility is at 63; compared to its 52-week range of 26 to 81.

Northern Trust (NTRS) 30-day option implied volatility is at 40; compared to its 52-week range 22 to 42.

Wintrust Financial (WTFC) 30-day option implied volatility is at 33; compared to its 52-week range of 24 to 45.

Zions Bancorp (ZION) 30-day option implied volatility is at 70; compared to its 52-week range of 27 to 94.

Bank OZK (OZK) 30-day option implied volatility is at 71; compared to its 52-week range of 24 to 96. Call put ratio 1 call to 17 puts.

Bank of New York (BK) 30-day option implied volatility is at 34; compared to its 52-week range of 20 to 44.

State Street (STT) 30-day option implied volatility is at 45; compared to its 52-week range of 26 to 89.

Regions Financial (RF) 30-day option implied volatility is at 47; compared to its 52-week range of 24 to 64.

M&T Bank Corp. (MTB) 30-day option implied volatility is at 44; compared to its 52-week range of 21 to 79.

Citizens Financial Group (CFG) 30-day option implied volatility is at 48; compared to its 52-week range of 23 to 90.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 156; compared to its 52-week range of 30 to 157.

East-West Bancorp (EWBC) 30-day option implied volatility is at 55; compared to its 52-week range of 24 to 55.

Huntington Bancshares (HBAN) 30-day option implied volatility is at 49; compared to its 52-week range of 20 to 49.

Fifth Third Bancorp (FITB) 30-day option implied volatility is at 53; compared to its 52-week range of 24 to 75.

Credit Suisse (CS) 30-day option implied volatility is at 75; compared to its 52-week range of 30 to 103.

Deutsche Bank (DB) 30-day option implied volatility is at 44; compared to its 52-week range of 25 to 72. Call put ratio 1 call to 4 puts.

UBS AG (UBS) 30-day option implied volatility is at 39; compared to its 52-week range of 19 to 48. Call put ratio 1 call to 38 puts.

HSBC Holdings (HSBC) 30-day option implied volatility is at 27; compared to its 52-week range of 19 to 40.

Interactive Brokers (IBKR) 30-day option implied volatility is at 42; compared to its 52-week range of 25 to 93.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 30; compared to its 52-week range of 17 to 35.

Spdr S&P Bank Etf (KBE) 30-day option implied volatility is at 46; compared to its 52-week range of 20 to 46.

Silvergate Capital (SI) 30-day option implied volatility is at 280; compared to its 52-week range of 74 to 315.

Signature Bank (SBNY) 30-day option implied volatility is at 187 compared to its 52-week range of 40 to 275 into seized by regulators.

Silicon Valley Bank (SIVB) 30-day option implied volatility is at 166 compared to its 52-week range of 39 to 281 into acquired by HSBC.

Apollo Global Management (APO) 30-day option implied volatility is at 53; compared to its 52-week range of 32 to 54.

Blackstone (BX) 30-day option implied volatility is at 60; compared to its 52-week range of 36 to 60.

The Carlyle Group (CG) 30-day option implied volatility is at 49; compared to its 52-week range of 31 to 99.

KKR & Co. (KKR) 30-day option implied volatility is at 43; compared to its 52-week range of 33 to 60.

Interest rate – bond option IV

Proshares Trust Ultrashort Lehman 20+ Year Treasury (TBT) 30-day option implied volatility is at 44; compared to its 52-week range of 29 to 60.

iShares 20+ Year Treasury Bond ETF (TLT) 30-day option implied volatility is at 22; compared to its 52-week range of 17 to 30.

SPDR Bloomberg Barclays High Yield Bond ETF (JNK) 30-day option implied volatility is at 14; compared to its 52-week range of 8 to 33. Call put ratio 1 call to 51 puts.

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 30-day option implied volatility is at 14; compared to its 52-week range of 9 to 23.

Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD) 30-day option implied volatility is at 11; compared to its 52-week range of 10 to 19.

Caterpillar (CAT) March call option implied volatility is at 40, April is at 30; compared to its 52-week range of 24 to 45 into a company hosted investor meeting on March 14.

Straddle prices into quarter results

Lennar Corp. (LEN) March 97.50 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on March 14.

Adobe (ADBE) March straddle 330 priced for a move of 7% into the expected release of quarter results after the bell on March 15.

Five Below (FIVE) March 195 straddle priced for a move of 8% into the expected release of quarter results after the bell on March 15.

Williams-Sonoma (WSM) March 120 straddle priced for a move of 10% into the expected release of quarter results after the bell on March 15.

FedEx (FDX) March 200 straddle priced for a move of 6% into the expected release of quarter results after the bell on March 16.

Options with decreasing option implied volatility: NTNX MDB SAVE ASAN SE DKS GPS VET ULTA
Increasing unusual option volume: ZION EWC BBIO ZM EWW HTGC CG
Increasing unusual call option volume: KBE KRE XME XM SBNY GOSS SCHW
Increasing unusual put option volume: CG HTGC XM EWC KEY BKLN PFSE
Popular stocks increasing options volume: COIN SOFI JPM SCHW WFC NFLX INTC
Active options: TSLA AAPL NVDA BAC AMZN AMD COIN SOFI META JPM MARA AMC GOOGL MSFT BABA SCHW GOOG WFC NFLX INTC
Global S&P Futures up in premarket, Nikkei down 1%, DAX mixed, WTI Crude oil recently at $77, natural gas up 1%, gold at $1880