Pre-Market IV Report October 7, 2024

Pre-Market IV Report October 7, 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: YINN FUTU BEKE ASHR ACMR EVGO BILI WB

Stocks expected to have increasing option volume: PEP TSLA AMD GM BA PFE PDD JD BABA RIO APD

Movers into events

AMD (AMD) 30-day option implied volatility is at 53; compared to its 52-week range of 34 to 64 into Advancing AI 2024, an in-person and livestreamed event on October 10, 2024.

Tesla (TSLA) 30-day option implied volatility is at 67; compared to its 52-week range of 40 to 76. Call put ratio 1.4 calls to 1 put into RoboTaxi meeting on October 10.

General Motors (GM) 30-day option implied volatility is at 43; compared to its 52-week range of 21 to 44 into GM investors day on October 8.

Pfizer (PFE) 30-day option implied volatility is at 27; compared to its 52-week range of 19 to 34 into Starboard has $1B stake in Pfizer and seeks changes, WSJ reports.

Boeing (BA) 30-day option implied volatility is at 45; compared to its 52-week range of 22 to 46 amid headlines of union contract talks will resume on October 7.

Airline parts maintenance companies option IV into StandardAero (SARO) surges in market debut

AAR Corp. (AIR) 30-day option implied volatility is at 27; compared to its 52-week range of 19 to 85. Call put ratio 1.7 calls to 1 put.

Spirit AeroSystems (SPR) 30-day option implied volatility is at 37; compared to its 52-week range of 16 to 86 with a focus on October 33 calls on +1700 contracts.

Heico Corp. (HEI) 30-day option implied volatility is at 25; compared to its 52-week range of 17 to 182 with a focus on November 270 calls.

Duke Energy (DUK) 30-day option implied volatility is at 18; compared to its 52-week range of 11 to 195. Call put ratio 2.1 calls to 1 put amid Duke continues rebuild of power infrastructure following Hurricane Helene.

Air Products (APD) 30-day option implied volatility is at 30; compared to its 52-week range of 15 to 67 into Mantle Ridge has over $1B stake in Air Products – WSJ.

Rio Tinto plc (RIO) 30-day option implied volatility is at 27; compared to its 52-week range of 19 to 61 into Rio Tinto confirms approach to Arcadium Lithium (ALTM).

Arcadium Lithium (ALTM) 30-day option implied volatility is at 74; compared to its 52-week range of 21 to 112 Call put ratio 7.4 calls to 1 put with focus on October 3 calls into Rio Tinto (RIO) confirms approach to Arcadium Lithium.

Straddle prices into quarter results and end of quarter

PepsiCo (PEP) October 11 weekly 170 straddle priced for a move of 4% into the expected release of quarter results before the bell on October 8.

Movers

American Airlines (AAL) 30-day option implied volatility is at 56; compared to its 52-week range of 33 to 56 on active options volume of 127K contracts.

Voyager Therapeutics (VYGR) 30-day option implied volatility is at 71; compared to its 52-week range of 36 to 106 with a focus on 5K contracts of November 5 and 10 calls as share price up.

EVgo (EVGO) 30-day option implied volatility is at 123; compared to its 52-week range of 72 to 136 with a focus on October 10 calls as share price up.

US Global Jets ETF (JETS) 30-day option implied volatility is at 34; compared to its 52-week range of 21 to 36. Call put ratio 1 call to 1.2 puts with a focus on October 19.50 puts, October 20.50 puts, November 1 weekly 20.50 puts, November 22 calls, November 23 calls.

Amkor Technology (AMKR) 30-day option implied volatility is at 49; compared to its 52-week range of 29 to 75 with a focus on 25K contracts of November 25 puts as share price up.

Options with decreasing option implied volatility: PAYX LW NKE K
Increasing unusual option volume: TIGR EWC ASHR AMKR MNSO EVGO ULCC CAPR
Increasing unusual call option volume: TIGR ASHR MNSO EVGO CWEB CAPR JKS PLL TAL BLUE
Increasing unusual put option volume: EVGO ASHR BEKE SPLG CDE YANG EH DFS RKT XLRE
Popular stocks with increasing volume: PDD BABA SMCI SOFI RIVN NIO MSTR MU JD
Active options: NVDA TSLA AMD AAPL PLTR AMZN META PDD BABA SMCI SOFI RIVN NIO MSFT TIGR MSTR TLRY MU MARA JD
Global S&P Futures mixed to lower in premarket, Nikkei up 1.8%, DAX mixed, WTI Crude oil recently at $75.40, natural gas down 1.4%, gold at $2673