Pre-Market IV Report October 23, 2019

Pre-Market IV Report October 23, 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: IRBT GNW IRBT S TGT FIT M UBER LYFT NOW FL M GPS

Options expected to have increasing volume: MSFT IRBT SNAP PYPL CAT F LVS TSLA AMZN BA TXN INTC AMZN LUV TWTR SNAP TSLA V BA MSFT AMD MU

Lyft (LYFT) October weekly call option implied volatility is at 56, November is at 64; compared to its 26-week range of 43 to 79 after publicly set a timeline to profitability of Q4 2021 – significantly ahead of consensus.. Call put ratio 2 calls to 1 put with focus on October weekly 45 and 48 calls.

Uber (UBER) October weekly call option implied volatility is at 56, November is at 63; compared to its 52-week range of 39 to 63 after Lyft (LYFT) publicly set a timeline to profitability of Q4 2021 – significantly ahead of consensus. Call put ratio 1 call to 1.4 puts with focus on October weekly 32 puts.

ServiceNow (NOW) October weekly call option implied volatility is at 125, November is at 55; compared to its 52-week range into CEO departure to lead Nike (NKE). NOW is expected to release quarter results today.

Facebook (FB) October weekly call option implied volatility is at 33, November is at 37; compared to its 52-week range 22 to 53 into co-founder and CEO Mark Zuckerberg testifying before congress today and the expected release of financial results on October 30.

Boeing (BA) October weekly call option implied volatility is at 64, November is at 34; compared to its 52-week range of 23 to 46. Call put ratio 1.2 calls to 1 put is expected to release quarter results on October 23.

Straddle prices for stocks expected to report quarterly results this week

Boeing (BA) October weekly 335 straddle priced for a move of 4.5% into the expected release of financial results today before the bell

eBay (EBAY) October weekly 39 straddle priced for a move of 5% into the expected release of financial results today after the bell

Las Vegas Sands (LVS) October weekly 58.50 straddle priced for a move of 3.5% into the expected release of financial results after the bell on October 23

Microsoft (MSFT) October weekly 136 straddle priced for a move of 3.5% into the expected release of financial results today after the bell

PayPal (PYPL) October weekly 101 straddle priced for a move of 5.5% into the expected release of financial results today after the bell

Telsa (TSLA) October weekly 255 straddle priced for a move of 8% into the expected release of financial results today after the bell

Twitter (TWTR) October weekly 39 straddle priced for a move of 10% into the expected release of financial results before the bell on October 24

Southwest Airlines (LUV) October weekly 53 straddle priced for a move of 4.5% into the expected release of financial results before the bell on October 24

Intel (INTC) October weekly 52 straddle priced for a move of 5.5% into the expected release of financial results after the bell on October 24

Amazon (AMZN) October weekly 1765 straddle priced for a move of 4% into the expected release of financial results after the bell on October 24

3M (MMM) October weekly 167.50 straddle priced for a move of 3.5% into the expected release of financial results before the bell on October 24

Alaska Group (ALK) November 70 straddle priced for a move of 6.5% into the expected release of financial results after the bell on October 24

Allegiant (ALGT) November 155 straddle priced for a move of 8% into the expected release of financial results after the bell on October 24

Baxter (BAX) October weekly 87 straddle priced for a move of 3.5% into the expected release of financial results before the bell on October 24

Callaway (ELY) October weekly 21 straddle priced for a move of 9% into the expected release of financial results after the bell on October 24

Capital One (COF) October weekly 92 straddle priced for a move of 4% into the expected release of financial results on October 24

Comcast (CMSCA) October weekly 45 straddle priced for a move of 3.5% into the expected release of financial results before the bell on October 24

Deckers Outdoor (DECK) November 160 straddle priced for a move of 11% into the expected release of financial results after the bell on October 24

Goodyear Tire (GT) October weekly 15.50 straddle priced for a move of 7% into the expected release of financial results before the bell on October 24

GNC Holdings (GNC) November 2 straddle priced for a move of 25% into the expected release of financial results before the bell on October 24

Gilead (GILD) October weekly 66 straddle priced for a move of 4% into the expected release of financial results after the bell on October 24

Hershey (HSY) October weekly 150 straddle priced for a move of 4% into the expected release of financial results before the bell on October 24

Juniper (JNPR) October weekly 25 straddle priced for a move of 8% into the expected release of financial results after the bell on October 24

Raytheon (RTN) October weekly 205 straddle priced for a move of 3% into the expected release of financial results on October 24

Sonic Automotive (SAH) November 30 straddle priced for a move of 13% into the expected release of financial results on October 24

Southwest Airlines (LUV) October weekly straddle priced for a move of 4.5% into the expected release of financial results before the bell on October 24

Stanley Black & Decker (SWK) October weekly 150 straddle priced for a move of 6% into the expected release of financial results before the bell on October 24

T-Mobile (TMUS) October weekly 81.50 straddle priced for a move of 2.5% into the expected release of financial results after the bell on October 24

Twitter (TWTR) October weekly 39 straddle priced for a move of 10% into the expected release of financial results before the bell on October 24

Vale (VALE) October weekly 11.50 straddle priced for a move of 3.5% into the expected release of financial results on October 24

Valero (VLO) October weekly 94 straddle priced for a move of 3.5% into the expected release of financial results before the bell on October 24

Verisign (VRSN) November 180 straddle priced for a move of 7% into the expected release of financial results after the bell on October 24

Visa (V) October weekly 170 straddle priced for a move of 3% into the expected release of financial results after the bell on October 24

On Tuesday US Equity Indexes were lower as volatility in the options markets ticked up. WTI Crude Oil futures prices were up over 1.5% and Natural Gas futures prices were up over 1.7%. Natural Gas options volatility remains elevated.

Options with decreasing option implied volatility: BIIB FDX BB AMTD ACHN ERIC HAS HOG IBM CSX PM KO GS
Increasing unusual option volume: GNW ZAGG TRP GDI GOSS BIIB
Increasing unusual call option volume: ZAGG EGHT TRP EUFN HOG TGP BIIB NKE CMG WHR BYD SKX BA LLY BX
Increasing unusual put option volume: GNW GDI BIIB GOSS CATM CTVA ODP GME
Popular stocks with increasing unusual volume: LYFT UBER MCD NIO BMY
Active options: MSFT AAPL FB SNAP NFLX BAC AMD BIIB LYFT ROKU BABA UBER BA DIS NVDA JPM MCD NIO BMY TSLA

Global S&P Futures are recently down 1.35 from previous day. Nikkei 225 up 0.3%, DAX up 0.1%, WTI Crude oil is recently at $54.20, natural gas down 0.3%, gold at $1496 an ounce