Pre-Market IV Report May 1, 2024

Pre-Market IV Report May 1, 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: CGC GME OKTA AI ANF FL DELL AAP DKS BURL ULTA NTAP MRVL ZS DLTR CRWD DG HRL EDR JANX ACAD ACB MSOX APLS IOVA HRL JWN VAL

Stocks expected to have increasing option volume: AMZN AMD AAPL MA PINS CHK ECL LMND SBUX CGC ACB SMCI

Straddle prices into quarter results and FOMC policy meeting

Qualcomm (QCOM) May weekly 165 straddle priced for a mov of 7% into the expected release of quarter results today after the bell.

Carvana (CVNA) May weekly 84 straddle priced for a mov of 18% into the expected release of quarter results today after the bell.

Etsy (ETSY) May weekly 69 straddle priced for a mov of 12% into the expected release of quarter results today after the bell.

Apple (AAPL) May weekly 170 straddle priced for a mov of 4% into the expected release of quarter results after the bell on May 2.

Novo (NVO) May weekly 128 straddle priced for a mov of 5% into the expected release of quarter results before the bell on May 2.

Amgen (AMGN) May weekly 272 straddle priced for a move of 4% into the expected release of quarter results before the bell on May 2.

Coinbase (COIN) May weekly 202 straddle priced for a mov of 13% into the expected release of quarter results after the bell on May 2.

Moderna (MRNA) May weekly 110 straddle priced for a mov of 7.5% into the expected release of quarter results before the bell on May 2.

Cannabis option IV amid headlines

Canopy Growth (CGC) 30-day option implied volatility is at 206; compared to its 52-week range of 73 to 411. Call put ratio 3.2 calls to 1 put on 269K contracts.

Village Farms (VFF) 30-day option implied volatility is at 105; compared to its 52-week range of 20 to 126. Call put ratio 190 calls to 1 put.

Tilray Brands (TLRY) 30-day option implied volatility is at 155; compared to its 52-week range of 75 to 156. Call put ratio 9 calls to 1 put on 437K contracts.

Cronos Group (CRON) 30-day option implied volatility is at 68; compared to its 52-week range of 55 to 111.

Alternative Harvest ETF (MJ) 30-day option implied volatility is at 95; compared to its 52-week range of 41 to 124. Call put ratio 8.7 calls to 1 put.

Aurora Cannabis (ACB) 30-day option implied volatility is at 162; compared to its 52-week range of 20 to 215 on 102K option contracts.

GrowGeneration Corp. (GRWG) 30-day option implied volatility is at 161; compared to its 52-week range of 44 to 161. Call put ratio 95 calls to 1 put.

AdvisorShares Pure US Cannabis ETF (MSOS) 30-day option implied volatility is at 106; compared to its 52-week range of 53 to 169 on 212K contracts.

Cruise stocks option IV into Viking Holdings (VIK) IPO

Carnival Corp. (CCL) 30-day option implied volatility is at 42; compared to its 52-week range of 40 to 70 into Viking Holdings (VIK) IPO. Call put ratio 2.6 calls to 1 put.

Royal Caribbean (RCL) 30-day option implied volatility is at 34; compared to its 52-week range of 30 to 52.

Norwegian Cruise Line (NCLH) 30-day option implied volatility is at 55; compared to its 52-week range of 37 to 64.

Movers

Tenet Healthcare (THC) 30-day option implied volatility is at 32; compared to its 52-week range of 28 to 80 with a focus on May 105 and 110 calls.

Incyte (INCY) 30-day option implied volatility is at 25; compared to its 52-week range of 17 to 76 call put ratio 3.4 calls to 1 put with a focus on June 55 calls.

Lumentum Holdings (LITE) 30-day option implied volatility is at 65; compared to its 52-week range of 34 to 250 with a focus on September 55 and 62.50 calls.

Apellis Pharmaceuticals (APLS) 30-day option implied volatility is at 92; compared to its 52-week range of 38 to 185 with a focus on August 45 and August 75 calls.

Aptiv (APTV) 30-day option implied volatility is at 43; compared to its 52-week range of 24 to 82 with a focus on June 62.50 calls.

Options with decreasing option implied volatility: SNAP BKKT HCP MANU ROKU ENPH TSLL
Increasing unusual option volume: DO PTEN ALCC CHGG TREE APLS
Increasing unusual call option volume: LITE APLS FOXA CHGG GRWG VFF
Increasing unusual put option volume: PTEN CORZ CHGG FXE EAT ACAD SPCE
Popular stocks with increasing volume: SOFI PYPL SNAP INTC TLRY F RIG PLTR PFE
Active options: TSLA NVDA AMZN AMD SOFI PYPL AAPL META MSFT SNAP INTC GOOGL TLRY MARA F RIG PLTR PFE DJT RIOT
Global S&P Futures mixed in premarket, Nikkei mixed, DAX down 1%, WTI Crude oil recently at $81, natural gas down 2.5%, gold at $2297