Pre-Market IV Report March 24, 2025

Pre-Market IV Report March 24, 2025

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: CDE ARQQ BPMC COMM KLC CDE SCS SUNS TUR CXM

Stocks expected to have increasing option volume: APP KVUE AZEK KBH GME OKLO KBH ME

Option implied volatility amid President Trump tariff headlines

Market Vectors Semiconductor ETF (SMH) 30-day option implied volatility is at 33; compared to its 52-week range of 25 to 60. Call put ratio 1 call to 1.1 puts amid Trump tariff headlines.

General Motors (GM) 30-day option implied volatility is at 36; compared to its 52-week range of 21 to 47.

Ford Motor (F) 30-day option implied volatility is at 31; compared to its 52-week range of 23 to 49 amid Trump tariff headlines.

United States Oil Fund (USO) 30-day option implied volatility is at 27; compared to its 52-week range of 21 to 51 as WTI crude trades $68.

Proshares Ultra Dj-ubs Crude Oil (UCO) 30-day option implied volatility is at 44; compared to its 52-week range of 35 to 83. Call put ratio 2 calls to 1 put as WTI crude trades $68.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 31; compared to its 52-week range of 28 to 40.

iShares Silver Trust (SLV) 30-day option implied volatility is at 25; compared to its 52-week range of 21 to 40. Call put ratio 1.7 calls to 1 put on above average volume of 426K contracts.

Movers

AppLovin (APP) 30-day option implied volatility is at 70; compared to its 52-week range of 38 to 100. Call put ratio 1.3 calls to 1 put into share price up before the bell.

Kenvue (KVUE) 30-day option implied volatility is at 25; compared to its 52-week range of 18 to 39. Call put ratio 15 calls to 1 put on active option volume of 11K contracts into TOMS Capital Investment is urging Kenvue to consider a full sale or separation of some assets, people with knowledge of the matter told Bloomberg.

James Hardie Industries (JHX) 30-day option implied volatility is at 38; compared to its 52-week range of 24 to 73 into acquiring The AZEK Company (AZEK) for a combination of cash and James Hardie shares with a total transaction value of $8.75B, including AZEK’s net debt of approximately $386M.

The AZEK Company Inc. (AZEK) 30-day option implied volatility is at 38; compared to its 52-week range of 25 to 77. Call put ratio 1 call to 66 puts on active option volume of 3K contracts into James Hardie Industries (JHX) acquiring AZEK for a combination of cash and James Hardie shares with a total transaction value of $8.75B, including AZEK’s net debt of approximately $386M.

Alnylam Pharma (ALNY) 30-day option implied volatility is at 34; compared to its 52-week range of 30 to 372. Call put ratio 1.9 calls to 1 put on 7500 contracts as share price up 10%.

Super Micro Computer (SMCI) 30-day option implied volatility is at 84; compared to its 52-week range of 60 to 217. Call put ratio 1.5 calls to 1 put as share price up 7.2%.

NiSource (NI) 30-day option implied volatility is at 20; compared to its 52-week range of 9 to 45 with a focus on March, April and May 40 calls.

Forward Air (FWRD) 30-day option implied volatility is at 72; compared to its 52-week range of 49 to 125. Call put ratio 1 call to 12 puts with a focus on April 10, 15 and April 17.50 puts.

Ecovyst Inc. (ECVT) 30-day option implied volatility is at 65; compared to its 52-week range of 25 to 92. Call put ratio 7 calls to 1 put with a focus on 1600 contracts of June 7.5 calls as share price down 2.7%.

Apple Hospitality REIT (APLE) 30-day option implied volatility is at 23; compared to its 52-week range of 13 to 70 with a focus on 2100 contracts of July 12.5 puts.

Alaska Air Group (ALK) 30-day option implied volatility is at 51; compared to its 52-week range of 27 to 77. Call put ratio 6.7 calls to 1 put with a focus on 6500 contracts of May 55 calls as share price down 1.2%.

Straddle prices into quarter results

KB Home (KBH) April 60 straddle priced for movement of 11% into the expected release of quarter results after the bell on March 24. Call put ratio 1 call to 19 puts.

Oklo (OKLO) April 27 straddle priced for movement of 22% into the expected release of quarter results after the bell on March 24. Call put ratio 1.7 calls to 1 put.

Intuitive Machines (LUNR) March 28 weekly straddle priced for movement of 19% into the expected release of quarter results before the bell on March 25.

GameStop (GME) March 28 weekly straddle priced for movement of 13% into the expected release of quarter results after the bell on March 25.

Options with decreasing option implied volatility: SWTX RGTI SIG KC WSM FIVE GDS KODK WB OUST STNE SOC TIGT
Increasing unusual option volume: APPN AMCR XND SNDK GSM DNB BALL FWRD
Increasing unusual call option volume: AMCR XND SNDK PPL LSPD JETS TW DJX TW
Increasing unusual put option volume: COR CORT GSM ZI FDX SWTX KBH YANG OUST
Popular stocks with increasing volume: MU PLTR MSTR SMCI AMD BA NKE NIO INTC COIN HOOD BABA
Active options: TSLA NVDA AAPL META MU PLTR MSTR AMZN SMCI AMD BA NKE NIO INTC MARA COIN HOOD MSFT BABA GOOGL
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $68, natural gas mixed, gold at $3034