Pre-Market IV Report October 24, 2024

Pre-Market IV Report October 24, 2024

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: SAVA ACB TGT CI NTAP ROST WMT MCD TJX PTON NTLA NPWR DAVE LABD RXST DVAX CRUS TGLS ESI

Stocks expected to have increasing option volume: TSLA IBM UNP HON NOC CARR COF DECK WDC TMUS NOW TER LVS MOH ALGN LC LRCX KKR UPS HAS HOG LEA VKTX ESI ALTR BA ORLY MAT RIG SDRL WHR KNX WH QS VKTX LUV

NVIDIA (NVDA) 30-day option implied volatility is at 62; compared to its 52-week range of 32 to 89. Call put ratio 1.8 calls to 1put into CEO Jensen Huang will take part in a fireside chat Thursday at the Nvidia AI Summit India in Mumbai.

Boeing (BA) 30-day option implied volatility is at 42; compared to its 52-week range of 22 to 48. Call put ratio 1.3 calls to 1 put into Boeing union says workers voted against latest contract offer.

Straddle prices into quarter results

Colgate (CL) October 25 weekly 100 straddle priced for a move of 4% into the expected release of quarter results before the bell on October 25. Call put ratio 3.8 calls to 1 put.

Centene (CNC) October 25 weekly 60 straddle priced for a move of 7.5% into the expected release of quarter results before the bell on October 25. Call put ratio 1 call to 1.4 puts.

Option IV movers

Aurora Cannabis (ACB) 30-day option implied volatility is at 107; compared to its 52-week range of 20 to 215 with a focus on 21K contracts of October 6.5 calls.

Northern Trust (NTRS) 30-day option implied volatility is at 25; compared to its 52-week range of 17 to 215. Call put ratio 2.6 calls to 1 put with a focus on November 97.50 calls.

Patterson-UTI Energy (PTEN) 30-day option implied volatility is at 54; compared to its 52-week range of 27 to 265 with a focus on 13K contracts of November 9 calls.

Enphase Energy (ENPH) 30-day option implied volatility is at 73; compared to its 52-week range of 49 to 90 on 161K contracts compared to its 90 day average of 26K contracts as share price down 15%.

International Paper Company (IP) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 42 with a spreader active in November 42.50 and 45 puts.

Treehouse Foods (THS) 30-day option implied volatility is at 42; compared to its 52-week range of 18 to 53 with a spreader trading 5K contracts of November 30 and 35 puts.

Altair (ALTR) 30-day option implied volatility is at 40; compared to its 52-week range of 23 to 66 with a focus on November 140 calls as share price up 3.8%.

Element Solutions (ESI) 30-day option implied volatility is at 39; compared to its 52-week range of 14 to 36 with a focus on November 25 and 30 calls as share price up 9.8%.

Seadrill Ltd. (SDRL) 30-day option implied volatility is at 46; compared to its 52-week range of 28 to 77 into Transocean (RIG) said to be in merger talks, Bloomberg says. Call put ratio 1 call to 1.8 puts.

Transocean (RIG) 30-day option implied volatility is at 61; compared to its 52-week range of 40 to 64 into said to be in merger talks with Seadrill Ltd. (SDRL), Bloomberg says. Call put ratio 1.4 calls to 1 put.

Options with decreasing option implied volatility: FWRD NFLX MAXN MMM ALLY ISRG GEV VALE STX DHR GM APH TXN TMO T RTX VOD VZ
Increasing unusual option volume: INVZ EDR LRN EMB TAL TIGR VWO UPWK CMPS CRUS MSTY PTEN ICLN LOGI WWW DOC LEU AM GPC
Increasing unusual call option volume: PTEN VWO LRN MSTY UPWK TIGR LEU AM SAVE TAL SWBI CP CMPS
Increasing unusual put option volume: TAL TIGR EDR EMB ICLN DBX OKLO SILJ TER DECK ALTM WGO LAC APTV IP MCD DLR CM BSX
Popular stocks with increasing volume: MSTR MCD BA DJT SOFI RIVN TSM COIN BABA
Active options: NVDA AAPL TSLA AMZN META MSFT AMD MARA PLTR MSTR MCD BA DJT SOFI RIVN TSM COIN BABA SAVE ENPH
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $72.20, natural gas up 2%, gold at $2749