Pre-Market IV Report May 15, 2023

Pre-Market IV Report May 15, 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: EC AX ACVA FRG ACIW NVCR MPW CTLT APYX BOH

Stocks expected to have increasing option volume: HD WMT TGT TJX CVNA BABA

Gold Option IV

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 33; compared to its 52-week range of 32 to 50 as gold trades $2022.

SPDR Gold Trust (GLD) 30-day option implied volatility is at 16; compared to its 52-week range of 13 to 21 as gold trades $2022.

Newmont (NEM) 30-day option implied volatility is at 33; compared to its 52-week range of 31 to 50 into Newmont enters into definitive agreement to acquire Newcrest.

Bank option IV

Financial Select Sector SPDR ETF (XLF) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 36.

Ishares U.S. Regional Banks Etf (IAT) 30-day option implied volatility is at 49; compared to its 52-week range of 21 to 116.

Spdr S&P Bank Etf (KBE) 30-day option implied volatility is at 41; compared to its 52-week range of 21 to 71.

SPDR S&P Regional Banking ETF (KRE) 30-day option implied volatility is at 49; compared to its 52-week range of 21 to 81.

Straddle prices into quarter results

Home Depot (HD) May 290 straddle is priced for a move of 5.5% into the expected release of quarter results before the bell on May 16.

iQIYI (IQ) May 5.5 straddle is priced for a move of 13% into the expected release of quarter results before the bell on May 16.

Target (TGT) May 157.50 straddle is priced for a move of 7.5% into the expected release of quarter results before the bell on May 17.

Alibaba (BABA) May 85 straddle is priced for a move of 7% into the expected release of quarter results after the bell on May 17.

Cisco Systems (CSCO) May 47 straddle is priced for a move of 6% into the expected release of quarter results after the bell on May 17.

Movers

iShares MSCI Turkey ETF (TUR) 30-day option implied volatility is at 52; compared to its 52-week range of 29 to 94 into Presidential election runoff vote on May 28.

Turkcell Iletisim Hizmetleri A.S. (TKC) 30-day option implied volatility is at 40; compared to its 52-week range of 25 to 52 into Presidential election runoff vote on May 28.

Shake Shack (SHAK) 30-day option implied volatility is at 37; compared to its 52-week range of 37 to 256 into Engaged built 6.6% stake, WSJ says.

Carvana Co. (CVNA) 30-day option implied volatility is at 128; compared to its 52-week range of 112 to 267.

NeoGames S.A. (NGMS) 30-day option implied volatility is at 74; compared to its 52-week range of 53 to 92 into to be acquired by Aristocrat for $29.50 per share in cash.

Sarepta Therapeutics (SRPT) 30-day option implied volatility is at 140; compared to its 52-week range of 39 to 143 into FDA panel votes 8-6 in favor of Sarepta DMD gene therapy.

Options with decreasing option implied volatility: FSR RNG U NVAX LCID TWLO VTNR FHN WAL AMC VLY ACB
Increasing unusual option volume: EWJ NNOX BOH WELL GDS CG SIRI AMLX
Increasing unusual call option volume: GDS AMLX IAT DBX VIPS EWJ
Increasing unusual put option volume: BE BHC SIRI POOL TRUP CTLT ARKG
Popular stocks increasing volume: PYPL DIS AMC PLTR XOM BAC FSLR BABA SOFI ABNB
Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META PYPL NFLX DIS AMC PLTR XOM BAC FSLR BABA SOFI ABNB
Global S&P Futures mixed in premarket, Nikkei up, DAX mixed to up, WTI Crude oil recently at $72, natural gas up 1.5%, gold at $2024