Pre-Market IV Report May 4, 2023

Pre-Market IV Report May 4, 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: PACW IEP WAL FHN QCOM AMC ZION CMA HBAN OZK KEY

Stocks expected to have increasing option volume: AAPL QCOM ETSY Z PACW PENN PTON PZZA PARA DDOG COP K
Option IV after FOMC as WTI crude trades $69, gold at $2040

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 after 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 after FOMC policy meeting.

United States Oil Fund (USO) 30-day option implied volatility is at 37; compared to its 52-week range of 30 to 54 as WTI crude oil trades below $70.

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 $2040.

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 as gold trades $2040.

Straddle prices into quarter results and FOMC policy meeting

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

Shopify (SHOP) May weekly 46 straddle is priced for a move of 10% into the expected release of quarter results today after the bell.

Moderna (MRNA) May weekly 130 straddle is priced for a move of 5.5% into the expected release of quarter results today before the bell.

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

AIG (AIG) May weekly 51 straddle is priced for a move of 5% into the expected release of quarter results today after the bell.

Block (SQ) May weekly 59 straddle is priced for a move of 9% into the expected release of quarter results today after 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 today after the bell.

Live Nations Entertainment (LYV) May 67.50 straddle is priced for a move of 9.5% into the expected release of quarter results today after the bell.

Coinbase (COIN) May weekly 48,50 straddle is priced for a move of 12% into the expected release of quarter results today after the bell.

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

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

Warner Bros (WBD) May weekly 13 straddle is priced for a move of 11% 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 10% into the expected release of quarter results before the bell on May 5.

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 260; compared to its 52-week range of 28 to 334.

Western Alliance Bancorporation (WAL) 30-day option implied volatility is at 131; compared to its 52-week range of 30 to 398.

Options with decreasing option implied volatility: META IGMN ISEE SNAP HELE TDOC MSOS ROKU WOLF NET SKX CAR
Increasing unusual option volume: EL ICLN FAST MPLX CHGG IEP DBRG RSP EL IMGN EDR
Increasing unusual call option volume: EDR UPWK MPLX CHGG IEP
Increasing unusual put option volume: TRIP RSP IEP CHGG IMGN EL BUD
Popular stocks increasing volume: UBER SBUX SOFI BAC INTC XOM SCHW PACW CHGG IEP
Active options: TSLA AMD NVDA AAPL AMZN UBER AMC FRCB SBUX F MSFT SOFI META BAC INTC XOM SCHW PACW CHGG IEP
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $69, natural gas mixed, gold at $2042