Pre-Market IV Report September 24, 2024

Pre-Market IV Report September 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: SPOT UPS CAPR SMMT MNSO SNAP AIR BYON AMSC LOVE SPOT SATS WB DXCM DAN PCH QFIN WHR IMAX IBM CMPO

Stocks expected to have increasing option volume: META V M DPH PYPL SQ HE BABA PDD JD ASHR KWEB AZO MU COST SFIX KBH NVO LLY VKTX NKE

Meta Platforms (META) 30-day option implied volatility is at 31; compared to its 52-week range of 24 to 53 into Connect 2024 will be held on September 25–26. Call put ratio 1.6 calls to 1 put.

Netflix (NFLX) 30-day option implied volatility is at 41; compared to its 52-week range of 24 to 51 as share price near all time high.

Southwest Airlines (LUV) 30-day option implied volatility is at 41; compared to its 52-week range of 27 to 48 into a company hosted investor meeting on September 26. Call put ratio 4.6 calls to 1 put with focus on September 27 weekly 30 calls and October 34 calls.

Nike (NKE) 30-day option implied volatility is at 37; compared to its 52-week range of 19 to 43. Call put ratio 1 call to 1 put into expected release of quarter results after the bell on October 1.

Option IV into Novo Nordisk (NVO) CEO Lars Jørgensen will testify about the high cost of Ozempic and Wegovy at an upcoming HELP Committee hearing on September 24th.

Eli Lilly & Co. (LLY) 30-day option implied volatility is at 26; compared to its 52-week range of 22 to 55.

Novo Nordisk (NVO) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 46. Call put ratio 1 call to 1.3 puts into Novo CEO Lars Jørgensen will testify about the high cost of Ozempic and Wegovy at an upcoming HELP Committee hearing on September 24th.

Viking Therapeutics (VKTX) 30-day option implied volatility is at 77; compared to its 52-week range of 50 to 234. Call put ratio 1.8 calls to 1 put with focus on October 70 calls.

Option IV amid gold move

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 32; compared to its 52-week range of 28 to 40. Call put ratio 1.3 calls to 1 put on 141K contracts as gold near record high.

iShares Silver Trust (SLV) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 40. Call put ratio 3.6 calls to 1 put with focus on December 35 calls.

Vistra Energy (VST) 30-day option implied volatility is at 51; compared to its 52-week range of 21 to 75. Call put ratio 1.3 calls to 1 put on 60K contracts as share price near record high.

Global X Uranium Etf (URA) 30-day option implied volatility is at 37; compared to its 52-week range of 32 to 48. Call put ratio 5.4 calls to 1 put with focus on November calls as amid sharp share price movement.

Sprott Uranium Miners ETF (URNM) 30-day option implied volatility is at 39; compared to its 52-week range of 34 to 57. Call put ratio 2.6 calls to 1 put.

Utilities Select Sector SPDR Fund (XLU) 30-day option implied volatility is at 15; compared to its 52-week range of 14 to 26. Call put ratio 1 call to 1 put as share price near record high.

Hawaiian Electric Industries (HE) 30-day option implied volatility is at 58; compared to its 52-week range of 31 to 106 into announces $500M offering of common stock.

Option IV into China boosts stimulus.

Pinduoduo (PDD) 30-day option implied volatility is at 35; compared to its 52-week range of 30 to 77. Call put ratio 1.6 calls to 1 put into China boosts stimulus.

JD.com (JD) 30-day option implied volatility is at 3;8 compared to its 52-week range of 34 to 64. Call put ratio 3.9 calls to 1 put into China boosts stimulus.

Alibaba (BABA) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 47 into China boosts stimulus. Call put ratio 3.7 calls to 1 put.

Db X-trackers Harvest Csi 300 China A – Shares Fund (ASHR) 30-day option implied volatility is at 17; compared to its 52-week range of 14 to 25. Call put ratio 11.6 calls to 1 put into China boosts stimulus.

KraneShares CSI China Internet ETF (KWEB) 30-day option implied volatility is at 28; compared to its 52-week range of 25 to 42 into China boosts stimulus. Call put ratio 2.6 calls to 1 put.

Straddle prices into quarter results

Stich Fix (SFIX) September weekly 4 straddle priced for a move of 19% into the expected release of quarter results today after the bell.

Micron (MU) September weekly 93.50 straddle priced for a move of 10% into the expected release of quarter results after the bell on September 25. Call put ratio 1.9 calls to 1 put.

Costco (COST) September weekly 915 straddle priced for a move of 4.5% into the expected release of quarter results after the bell on September 26. Call put ratio 1 call to 1 put.

Movers

AeroVironment (AVAV) 30-day option implied volatility is at 38; compared to its 52-week range of 27 to 78 with a focus on October options as share price up.

Ciena (CIEN) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 94. Call put ratio 4.3 calls to 1 put with focus on April 70 and 80 calls as share price up 4.8%.

C. H. Robinson Worldwide (CHRW) 30-day option implied volatility is at 24; compared to its 52-week range of 18 to 69. Call put ratio 5.4 calls to 1 put with focus on 2900 October 105 calls as share price up.

Moody’s Corp. (MCO) 30-day option implied volatility is at 20; compared to its 52-week range of 15 to 62. Call put ratio 3.5 calls to 1 put with a focus on October calls as share price.

Ulta Beauty (ULTA) 30-day option implied volatility is at 32; compared to its 52-week range of 20 to 53.

Weyerhaeuser (WY) 30-day option implied volatility is at 22; compared to its 52-week range of 17 to 62. Call put ratio 1 call to 7.6 puts with focus on 2100 contracts of October 33 puts.

TechnipFMC (FTI) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 84 with a focus on 12K contracts of January 27 calls, 24K contracts of January 30 calls and 12K contracts of January 35 calls.

MINISO Group Holding Limited (MNSO) 30-day option implied volatility is at 59; compared to its 52-week range of 39 to 106 with a focus on 5100 contracts of October 15 calls as share price down.

Antero Resources (AR) 30-day option implied volatility is at 37; compared to its 52-week range of 28 to 51 with a focus on 10K contracts of December 37 calls trading at 29c as share price up.

Options with decreasing option implied volatility: DNA SYM EBS FDX BNTX LEN GIS EA EWJ ORCL ET NANOS
Increasing unusual option volume: MULN FTI MNSO BDTX CIM THO NXE
Increasing unusual call option volume: MULN ASHR SATS POET NXE LUNR CVI DBI EGY
Increasing unusual put option volume: NXE LUNR BEN SMMT NWL WGO CNK CAN PLCE DRI WY
Popular stocks with increasing volume: BABA SMCI MU RIVN NIO SOFI MSTR AVGO
Active options: NVDA TSLA AAPL INTC PLTR AMZN META BABA SMCI AMD GME MU RIVN NIO SOFI MSFT MARA MSTR GOOGL AVGO
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $71.50, natural gas up 1.5%, gold at $2652