Pre-Market IV Report May 29, 2019

Pre-Market IV Report May 29, 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 over looked information.

Options with increasing option implied volatility: CARA ARQL NLSN LULU KR ORCL GPS MYL ARQL BBBY TEVA JNJ MNK MYL STZ ACN

Options expected to have increasing volume: TEVA JNJ MNK MYL MT X WYNN MGM LVS NIO WDAY KHC WUBA PANW ANF DKS GOOS BBBY

ArQule (ARQL) June call option implied volatility is at 191, July is at 48; compared to its 52-week range of 50 to 201 into Phase I safety and efficacy results for ARQ531 at the European Hematology Association conference in June.

Cara Therapeutics (CARA) June call option implied volatility is at 171, July is at 135; compared to its 52-week range of 47 to 174 into ongoing Phase III trials.

Option implied volatility increases on opioid litigation

Teva (TEVA) May weekly call option implied volatility is at 80, June is at 64; compared to its 52-week range of 28 to 66 into opioid litigation

Mallinckrodt (MNK) May weekly call option implied volatility is at 65, June is at 78; compared to its 52-week range of 42 to 92 into opioid litigation. Call put ratio 1 call to 3.6 puts

Johnson & Johnson (JNJ) May weekly call option implied volatility is at 21, June is at 16; compared to its 52-week range of 13 to 34

Gilead (GILD) 30-day option implied volatility is at 24; compared to its 52-week range of 19 to 43 into ASCO.

AstraZeneca (AZN) 30-day option implied volatility is at 22; compared to its 52-week range of 17 to 31 into ASCO.

Straddle prices for stocks expected to report quarterly results this week

Abercrombie & Fitch (ANF) May weekly 25 straddle priced for move of 12.5% into expected release of quarterly results today

Canadian Goose (GOOS) May weekly 49 straddle priced for move of 15% into expected release of quarterly results today

Dicks Sporting Goods (DKS) May weekly 36 straddle priced for move of 11% into expected release of quarterly results today

Williams-Sonoma (WSM) June 52.50 straddle priced for move of 10% into expected release of quarterly results today before the bell

Palo Alto Networks (PANW) May weekly 215 straddle priced for move of 8.5% into expected release of quarterly results today after the bell

Burlington Stores (BURL) May weekly 147 straddle priced for move of 7.5% into expected release of quarterly results before the bell on May 30

Canadian Solar (CSIQ) May weekly 17.50 straddle priced for move of 11% into expected release of quarterly results before the bell on May 30

Costco (COST) May weekly 247.50 straddle priced for move of 3% into expected release of quarterly results after the bell on May 30

Dell Technologies (DELL) June 65 straddle priced for move of 9% into expected release of quarterly results after the bell on May 30

Dollar Tree (DLTR) May weekly 97.50 straddle priced for move of 7% into expected release of quarterly results before the bell on May 30

Dollar General (DG) May weekly 120 straddle priced for move of 5.5% into expected release of quarterly results before the bell on May 30

Express (EXPR) June 3 straddle priced for move of 22% into expected release of quarterly results before the bell on May 30

Gap (GPS) May weekly 21.50 straddle priced for move of 10% into expected release of quarterly results after the bell on May 30

Marvell Technology (MRVL) May weekly 21.50 straddle priced for move of 7.5% into expected release of quarterly results after the bell on May 30

VMware (VMW) May weekly 192.50 straddle priced for move of 6.5% into expected release of quarterly results after the bell on May 30

Ulta Beauty (ULTA) May weekly 335 straddle priced for move of 9% into expected release of quarterly results before the bell on May 30

Zuora (ZUO) June 20 straddle priced for move of 14% into expected release of quarterly results after the bell on May 30

Big Lots (BIG) June 27.50 straddle priced for move of 13% into expected release of quarterly results before the bell on May 31

Build A Bear Workshop (BBW) June 5 straddle priced for move of 20% into expected release of quarterly results before the bell on May 31

Increasing unusual option volume: GREK ASH CBAY CYOU PLAN KSA TVPT
Increasing unusual call option volume: ASH PLAN KSA CYTK SFLY CAL MMP BURL ATRA REMX
Increasing unusual put option volume: CYOU BLL ARRY HP ARWR YNDX TDG PRGO DOCU
Popular stocks with increasing unusual volume: CVS NIO SQ
Options with decreasing option implied volatility: ARRY BMRN SE FL LB JWN ONCE ADSK URBN AAP BBY XLNX
Active options: AMD AAPL GE TSLA BABA BAC TEVA MU ROKU INTC AMZN FB NIO MSFT T QCO