Pre-Market IV Report May 3, 2023

Pre-Market IV Report May 3, 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: AMD QCOM ZION SLG WAL PACW IEP MCB HASI AMC CMA DPST TPVG PSEC OZK KEY IMGN ACRE EWBC CUBI F CHGG IEP

Stocks expected to have increasing option volume: DASH SBUX DISH Z AAPL MRNA QCOM AMD SBUX F MTCH SPG HLF CVS

Option IV into FOMC as WTI crude trades $71

SPDR S&P 500 ETF Trust (SPY) 30-day option implied volatility is at 16; compared to its 52-week range of 13 to 31 into FOMC policy meeting.

PowerShares QQQ Trust (QQQ) 30-day option implied volatility is at 20; compared to its 52-week range of 19 to 40.

United States Oil Fund (USO) 30-day option implied volatility is at 37; compared to its 52-week range of 30 to 54.

Exxon Mobil (XOM) 30-day option implied volatility is at 28; compared to its 52-week range of 24 to 47.

Chevron (CVX) 30-day option implied volatility is at 25; compared to its 52-week range of 24 to 43.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 35; compared to its 52-week range of 32 to 50 as gold trades $2025.

SPDR Gold Trust (GLD) 30-day option implied volatility is at 17; compared to its 52-week range of 13 to 21. Call put ratio 2.8 calls to 1 put.

Ishares Silver Trust (SLV) 30-day option implied volatility is at 29; compared to its 52-week range of 25 to 37. Call put ratio 2.6 calls to 1 put.

Straddle prices into quarter results and FOMC policy meeting

Qualcomm (QCOM) May weekly 116 straddle is priced for a move of 6% into the expected release of quarter results today after the bell.

Marathon (MRO) May weekly 23 straddle is priced for a move of 4% into the expected release of quarter results today after the bell.

Etsy (ETSY) May weekly 99 straddle is priced for a move of 10% into the expected release of quarter results today after the bell.

Zillow (Z) May weekly 42 straddle is priced for a move of 9% into the expected release of quarter results today after the bell.

Apple (AAPL) May weekly 167 straddle is priced for a move of 4.5% into the expected release of quarter results after the bell on May 4.

Conoco (COP) May weekly 99 straddle is priced for a move of 4% into the expected release of quarter results before the bell on May 4.

Shopify (SHOP) May weekly 47 straddle is priced for a move of 10% into the expected release of quarter results after the bell on May 4.

Monster Beverage (MNST) May 57.50 straddle is priced for a move of 5.5% into the expected release of quarter results on May 4.

Moderna (MRNA) May weekly 131 straddle is priced for a move of 5% into the expected release of quarter results before the bell on May 4.

Ferrari (RACE) May weekly 275 straddle is priced for a move of 5% into the expected release of quarter results before the bell on May 4.

Motorola Solutions (MSI) May 290 straddle is priced for a move of 5% into the expected release of quarter results after the bell on May 4.

AIG (AIG) May weekly 52 straddle is priced for a move of 5% into the expected release of quarter results after the bell on May 4.

Block (SQ) May weekly 58 straddle is priced for a move of 8% into the expected release of quarter results after the bell on May 4.

Kellogg (K) May 70 straddle is priced for a move of 5% into the expected release of quarter results before the bell on May 4.

DoorDash (DASH) May weekly 62 straddle is priced for a move of 10% into the expected release of quarter results after the bell on May 4.

Datadog (DDOG) May weekly 64 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 4.

Live Nations Entertainment (LYV) May 67.50 straddle is priced for a move of 9% into the expected release of quarter results after the bell on May 4.

Coinbase (COIN) May weekly 51 straddle is priced for a move of 14% into the expected release of quarter results after the bell on May 4.

Paramount Global (PARA) May weekly 23 straddle is priced for a move of 8% into the expected release of quarter results before the bell on May 4.

DraftKings (DKNG) May weekly 22 straddle is priced for a move of 11% into the expected release of quarter results after the bell on May 4.

Dropbox (DBX) May weekly 20 straddle is priced for a move of 7.5% into the expected release of quarter results after the bell on May 4.

Cigna (CI) May weekly 250 straddle is priced for a move of 4% into the expected release of quarter results before the bell on May 5.

Warner Bros (WBD) May weekly 12.50 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 5.

Dish Network (DISH) May weekly 7 straddle is priced for a move of 13% into the expected release of quarter results before the bell on May 5.

Berkshire Hathaway (BRK.B) 30-day option implied volatility is at 18; compared to its 52-week range of 15 to 31 into company’s annual meeting on May 6.

Alphabet (GOOG) 30-day option implied volatility is at 29; compared to its 52-week range of 26 to 47 into Google I/O 2023 on May 10.

Pacwest Bancorp (PACW) 30-day option implied volatility is at 253; compared to its 52-week range of 28 to 334.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 139; compared to its 52-week range of 30 to 398.

Options with decreasing option implied volatility: SNAP ISEE HELE ENVX TDOC TAL META ROKU MBLY
Increasing unusual option volume: TAP FE PSEC GDS MCB CHGG VSCO IEP CX
Increasing unusual call option volume: IEP CHGG VICI TAP CHS CYH HTGC GDS NNOX
Increasing unusual put option volume: HBAN LC BUD MCB IEP EWJ PACW TUR VSCO CHGG
Popular stocks increasing volume: T PLTR AAL CCL DIS BABA NIO BAC GOOG
Active options: TSLA AAPL AMZN META NVDA F MSFT AMD AMC GOOGL T NFLX PLTR AAL CCL DIS BABA NIO BAC GOOG
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $71, natural gas mixed, gold at $2022