Pre-Market IV Report March 20, 2023

Pre-Market IV Report March 20, 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: ALT LNC BCS NYCB STWD VKTX VET CVE BK CPE HELE WWE RITM HBAN FIS BIG NWL HELE AM BKU VNO SLG EUFN EWBC QDEL CG

Stocks expected to have increasing option volume: UBS CS XLF KBE KRE

Bank option IV into regulator brokered deal for UBS to purchase CS as gold above $2000 and WTI Crude below $65

JPMorgan (JPM) 30-day option implied volatility is at 42; compared to its 52-week range of 20 to 44.

Wells Fargo (WFC) 30-day option implied volatility is at 51; compared to its 52-week range of 22 to 51.

Bank of America (BAC) 30-day option implied volatility is at 50; compared to its 52-week range of 22 to 50.
Citigroup (C) 30-day option implied volatility is at 50; compared to its 52-week range of 23 to 51.

Goldman Sachs (GS) 30-day option implied volatility is at 43; compared to its 52-week range of 22 to 44.

Morgan Stanley (MS) 30-day option implied volatility is at 44; compared to its 52-week range of 22 to 46.

U.S. Bancorp (USB) 30-day option implied volatility is at 62; compared to its 52-week range of 20 to 62.

KeyCorp (KEY) 30-day option implied volatility is at 93; compared to its 52-week range of 24 to 187.

Truist (TFC) 30-day option implied volatility is at 87; compared to its 52-week range of 23 to 114.

M&T Bank Corp. (MTB) 30-day option implied volatility is at 54; compared to its 52-week range of 22 to 80.

PNC Financial (PNC) 30-day option implied volatility is at 55; compared to its 52-week range of 22 to 55.

Charles Schwab (SCHW) 30-day option implied volatility is at 75; compared to its 52-week range of 26 to 104.

First Republic Bank (FRC) 30-day option implied volatility is at 357; compared to its 52-week range of 24 to 407.

Comerica (CMA) 30-day option implied volatility is at 145; compared to its 52-week range of 26 to 163.

Northern Trust (NTRS) 30-day option implied volatility is at 49; compared to its 52-week range 22 to 49.

Zions Bancorp (ZION) 30-day option implied volatility is at 154; compared to its 52-week range of 27 to 155.

Bank OZK (OZK) 30-day option implied volatility is at 73; compared to its 52-week range of 24 to 96.

Bank of New York (BK) 30-day option implied volatility is at 94; compared to its 52-week range of 20 to 95.

State Street (STT) 30-day option implied volatility is at 91; compared to its 52-week range of 26 to 91.

Regions Financial (RF) 30-day option implied volatility is at 75; compared to its 52-week range of 24 to 122.

Citizens Financial Group (CFG) 30-day option implied volatility is at 85; compared to its 52-week range of 23 to 90.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 209; compared to its 52-week range of 30 to 398.

East-West Bancorp (EWBC) 30-day option implied volatility is at 132; compared to its 52-week range of 23 to 147. Call put ratio 1 call to 21 puts.

Huntington Bancshares (HBAN) 30-day option implied volatility is at 106; compared to its 52-week range of 20 to 106.

Pacwest Bancorp (PACW) 30-day option implied volatility is at 233; compared to its 52-week range of 28 to 334.

Fifth Third Bancorp (FITB) 30-day option implied volatility is at 79; compared to its 52-week range of 24 to 108.

BankUnited (BKU) 30-day option implied volatility is at 209; compared to its 52-week range of 27 to 136. Call put ratio 1 call to 7.8 puts.

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 36; compared to its 52-week range of 17 to 37.

Spdr S&P Bank Etf (KBE) 30-day option implied volatility is at 59; compared to its 52-week range of 21 to 71.

SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 71; compared to its 52-week range of 21 to 81.

Credit Suisse (CS) 30-day option implied volatility is at 237; compared to its 52-week range of 30 to 301 into UBS AG (UBS) deal
.
UBS AG (UBS) 30-day option implied volatility is at 55; compared to its 52-week range of 19 to 63 into Credit Suisse (CS) deal.

Deutsche Bank (DB) 30-day option implied volatility is at 63; compared to its 52-week range of 25 to 69.

Barclays plc (BCS) 30-day option implied volatility is at 103; compared to its 52-week range of 24 to 103.

HSBC Holdings (HSBC) 30-day option implied volatility is at 35; compared to its 52-week range of 19 to 40.

Lloyds Banking Group (LYG) 30-day option implied volatility is at 36; compared to its 52-week range of 22 to 99.

Option IV, WTI Crude oil trades below $65

United States Oil Fund (USO) 30-day option implied volatility is at 48; compared to its 52-week range of 32 to 70 as WTI Crude oil trades below $65.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 40; compared to its 52-week range of 31 to 50 as gold trades above $2000.

Ford Motor (F) 30-day option implied volatility is at 45; compared to its 52-week range of 33 to 587 into hosting a teach in where it will share details of its new segment and financial reporting as well as a Q&A session with their CFO and Controller on March 23.

Foot Locker (FL) March weekly call option implied volatility is at 102, April is at 61; compared to its 52-week range of 36 to 88 into an investor day event and Q4 2022 Financial Results on March 20.

Autodesk (ADSK) 30-day option implied volatility is at 37; compared to its 52-week range of 33 to 65 into hosting a virtual investor day on March 22.

Altria Group (MO) 30-day option implied volatility is at 24; compared to its 52-week range of 15 to 34 into hosting a virtual investor day on March 23.

Genuine Parts (GPC) 30-day option implied volatility is at 28; compared to its 52-week range of 20 to 75 into hosting a investor day on March 23.

FedEx (FDX) 30-day option implied volatility is at 33; compared to its 52-week range of 25 to 56 into a DRIVE Program update on April 5.

Straddle prices into quarter results

Nike (NKE) Mar straddle priced for a move of 8% into the expected release of quarter results after the bell on March 21.

Options with decreasing option implied volatility: GTBL STNE WSM DG
Increasing unusual option volume: DPST ZION FSK SLG DBD COOP CS STWD
Increasing unusual call option volume: DPST GFI KEY CBOE SCHW KRE NATI
Increasing unusual put option volume: SLG COOP STWD CS ICLN GRPN
Global S&P Futures down in premarket, Nikkei down 1%, DAX down 1.5%, WTI Crude oil recently at $65, natural gas mixed, gold at $2009