Pre-Market IV Report May 7, 2025

Pre-Market IV Report May 7, 2025

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: ALT SRPT PLCE IOT MDB PATH GTLB DOCU CONY IBB GILD WBA QURE CAPR REPL LABD AVDL RCKT SDGR LGFA TBCH MRNA LQDA IBB XBI BEAM ETNB BMY JAZZ LLY MRK GILD AMGN TD WBA PFF AGNC GSK

Stocks expected to have increasing option volume: UBER DIS JCI ROK U GDRX AMD ANET EA RIVN LCID COTY LITE TDC RIVN APP CVNA VST Z GOLD ARM NVO UPST SMCI CRUS TEM ALGT Z RDFN ZG LITE SMCI MVRL

Pharma Movers amid FDA headlines and FOMC policy decision

AbbVie (ABBV) 30-day option implied volatility is at 33; compared to its 52-week range of 16 to 52. Call put ratio 1.3 calls to 1 put on active volume of 34K contracts.

Bristol-Myers Squibb (BMY) 30-day option implied volatility is at 36; compared to its 52-week range of 20 to 55.

Eli Lilly & Co. (LLY) 30-day option implied volatility is at 37; compared to its 52-week range of 23 to 64.

Johnson & Johnson (JNJ) 30-day option implied volatility is at 21; compared to its 52-week range of 12 to 36.

Merck (MRK) 30-day option implied volatility is at 38; compared to its 52-week range of 15 to 55.

Pfizer (PFE) 30-day option implied volatility is at 31; compared to its 52-week range of 19 to 50.

Amgen (AMGN) 30-day option implied volatility is at 34; compared to its 52-week range of 18 to 56.

Gilead Sciences (GILD) 30-day option implied volatility is at 36; compared to its 52-week range of 18 to 49. Call put ratio 1 call to 4.4 puts.

Moderna (MRNA) 30-day option implied volatility is at 74; compared to its 52-week range of 43 to 105.

Baxter (BAX) 30-day option implied volatility is at 34; compared to its 52-week range of 18 to 62.

Thermo Fisher Scientific (TMO) 30-day option implied volatility is at 34; compared to its 52-week range of 16 to 57. Call put ratio 1 call to 2.2 puts.

Teva Pharma (TEVA) 30-day option implied volatility is at 55; compared to its 52-week range of 28 to 72. Call put ratio 2.2 calls to 1 put.

Sarepta Therapeutics (SRPT) 30-day option implied volatility is at 105; compared to its 52-week range of 33 to 144. Call put ratio 1 call to 1 put amid wide price movement.

SPDR S&P Biotech ETF (XBI) 30-day option implied volatility is at 40; compared to its 52-week range of 24 to 62 amid FDA leadership headlines.

Straddle prices into quarter results and FOMC policy decision

Shopify (SHOP) May 9 weekly 94 straddle priced for movement of 13% into the expected release of quarter results before the bell on May 8.

Warner Bros (WBD) May 9 weekly 8.5 straddle priced for movement of 9% into the expected release of quarter results before the bell on May 8.

Coinbase (COIN) May 9 weekly 197.50 straddle priced for movement of 8.5% into the expected release of quarter results after the bell on May 8.

Movers

Constellation Energy Group, Inc. (CEG) 30-day option implied volatility is at 53; compared to its 52-week range of 31 to 94. Call put ratio 2.3 calls to 1 put with a focus on June 280 and 320 calls as share price up 11.6%.

Recursion Pharmaceuticals (RXRX) 30-day option implied volatility is at 86; compared to its 52-week range of 68 to 132. Call put ratio 3.1 calls to 1 put with a focus on May 9 weekly 6 calls as share price down 11.2%.

TripAdvisor (TRIP) 30-day option implied volatility is at 66; compared to its 52-week range of 29 to 88. Call put ratio 1.6 calls to 1 put with a focus on 2K contracts of May 9 weekly 12 calls.

Palantir (PLTR) 30-day option implied volatility is at 64; compared to its 52-week range of 36 to 109. Call put ratio 1.2 calls to 1 put as share price down 11.9%.

Clorox (CLX) 30-day option implied volatility is at 24; compared to its 52-week range of 15 to 41. Call put ratio 1 call to 1.5 puts with a focus on May 125 and 135 puts as share price down 2.3%.

Under Armour Inc (UAA) 30-day option implied volatility is at 62; compared to its 52-week range of 24 to 79 with a focus on 11,115 contracts of July 5 puts at 20c.

TechnipFMC (FTI) 30-day option implied volatility is at 40; compared to its 52-week range of 27 to 75 with a focus on a spreader of 5500 contracts of June 32 and 35 calls.

BellRing Brands (BRBR) 30-day option implied volatility is at 33; compared to its 52-week range of 21 to 55. Call put ratio 10.7 calls to 1 put with a focus on August 72.50 and 75 calls as share price down 17%.

Fiverr International (FVRR) 30-day option implied volatility is at 78; compared to its 52-week range of 39 to 79. Call put ratio 17.3 calls to 1 put with a focus on May 27, 28, 29 and 30 calls as share price up 2.3%.

Options with decreasing option implied volatility: SNAP CRMD CFLT SKX WGS CE DUOL RBLX ARRY TEAM ZETA ROKU DDOG TWLO LMND
Increasing unusual option volume: SHLS TDUP SN CNK EVGO GALT FTI GLL SNDX
Increasing unusual call option volume: SHLS CNK EVGO FTI EIF UPWK GLL SKX
Increasing unusual put option volume: PACB SN SRPT OGN UWMC WEN AGL UAA WMB JCI OSCR EVGO
Popular stocks with increasing volume: HIMS F BABA UBER MSTR SMCI HOOD TSM PFE INTC
Active options: PLTR NVDA TSLA AAPL HIMS AMD AMZN F META MARA BABA UBER MSTR SMCI HOOD MSFT TSM PFE GOOGL INTC
Global S&P Futures mixed in premarket, Nikkei mixed, DAX down mixed, WTI Crude oil recently at $58.70, natural gas up 3.3%, gold at $3381