Pre-Market IV Report May 2, 2019

Pre-Market IV Report May 2, 2019

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 overlooked information.

Options with increasing option implied volatility: ZNGA S SQ WW ZAYO QCOM X KHC COTY GPRO CTST CPRI SYNA MOMO DKS ULTA GPS

Options expected to have increasing volume: SQ QCOM RDS. AUAA UA CI DNKN AVP ZNGA FIT CZR CAKE HST XPO MET

The FOMC kept its Fed Funds target rate steady. Interest rate analysts reported, the market seemed to interpret comments by Fed Chairman Powell as an indication of a lower likelihood of a rate cut. US Equities sold off on the comments as all four major indexes closed lower and implied volatility in options ticked higher.

S&P Dep Receipts (SPY) May weekly call option implied volatility is at 15, May is at 12; compared to its 52-week range of 9 to 32.

PowerShares QQQ Trust (QQQ) May weekly call option implied volatility is at 18, May is at 16; compared to its 52-week range of 13 to 36

Ishares Russell 2000 Etf (IWM) May weekly call option implied volatility is at 20, May is at 17; compared to its 52-week range of 12 to 34.

iShares 20+ Year Treasury Bond ETF (TLT) May weekly call option implied volatility is at 12, May is at 8; compared to its 52-week range of 8 to 13 after the FOMC kept its Fed Funds target rate steady.

Churchill Downs (CHDN) 30 day call option implied volatility is at 25; compared to its 52-week range of 21 to 44 into Kentucky Derby.

Tesla (TSLA) May weekly and May call option implied volatility is at 51; compared to its 52-week range of 39 to 87 into filing for mixed shelf offering.

Straddle prices for stocks expected to report results this week

CBS (CBS) May weekly 51 straddle priced for move of 4% into the expected release of release of EPS today after the bell

Activision Blizzard (ATVI) May weekly 48.50 straddle priced for move of 7% into the expected release of release of EPS today after the bell

Avon (AVP) May weekly 3 straddle priced for move of 14% into the expected release of release of EPS today after the bell

Discovery (DISCA) May 30 straddle priced for move of 7% into the expected release of release of EPS before the bell

Dunkin Brands (DNKN) May weekly 72.5 straddle priced for move of 5.5% into the expected release of release of EPS before the bell

EOG Resources (EOG) May weekly 92 straddle priced for move of 4% into the expected release of release of EPS today after the bell

Expedia (EXPE) May weekly 129 straddle priced for move of 7% into the expected release of release of EPS today after the bell

First Solar (FSLR) May weekly 61 straddle priced for move of 8.5% into the expected release of release of EPS today after the bell

Flour (FLR) May weekly 40 straddle priced for move of 6.5% into the expected release of release of EPS today after the bell

Generac (GNRC) May 55 straddle priced for move of 7.5% into the expected release of release of EPS today after the bell

Gilead (GILD) May weekly 65 straddle priced for move of 4% into the expected release of release of EPS today after the bell

GoDaddy (GDDY) May weekly 82.50 straddle priced for move of 7.5% into the expected release of release of EPS today after the bell

Hanesbrands (HBI) May 18 straddle priced for move of 9.5% into the expected release of release of EPS today after the bell

Herbalife (HLF) May weekly 54 straddle priced for move of 6.5% into the expected release of release of EPS today after the bell

Kellogg (K) May weekly 60 straddle priced for move of 5.5% into the expected release of release of EPS today after the bell

Monster Beverage (MNST) May weekly 57.50 straddle priced for move of 7.5% into the expected release of release of EPS after the bell on May 2

Penn National Gaming (PENN) May straddle 21 priced for move of 9% into the expected release of release of EPS before the bell
PG&E (PCG) May weekly 22 straddle priced for move of 7% into the expected release of release of EPS before the bell on May 2

Tableau Software (DATA) May weekly 121 straddle priced for move of 7% into the expected release of release of EPS today after the bell

Weight Watchers (WW) May weekly 20 straddle priced for move of 18% into the expected release of release of EPS today after the bell

Yeti Holdings (YETI) May weekly 36 straddle priced for move of 15.5% into the expected release of release of EPS before the bell

Zoetis (ZTS) May weekly 102 straddle priced for move of 4% into the expected release of release of EPS

CBOE (CBOE) May weekly 101 straddle priced for move of 3% into the expected release of release of EPS before the bell on May 3

Celgene (CELG) May weekly 95 straddle priced for move of 1% into the expected release of release of EPS before the bell on May 3

Fiat Chrysler (FCAU) May weekly 15 straddle priced for move of 5% into the expected release of release of EPS before the bell on May 3

Newell Brands (NWL) May weekly 14 straddle priced for move of 12% into the expected release of release of EPS before the bell on May 3

El Pollo Loco (LOCO) May weekly 13 straddle priced for move of 10% into the expected release of release of EPS before the bell on May 3

Increasing unusual option volume: GREK DO BZH BCRX MX JCI NVO WES EMN NUS PENN
Increasing unusual call option volume: DO GREK BCRX BZH LEG MX JCI EMN SMG HUN NVO PENN
Increasing unusual put option volume: CTST JCI VMC BCRX OLN CP MRTX EWH BHGE HRTX NVO GPRO
Popular stocks with increasing unusual: F RIG APC
Options with decreasing option implied volatility: IRBT QCOM MMM BIIB APC ITCI LL GRUB MAT