Pre-Market IV Report September 5, 2019

Pre-Market IV Report September 5, 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: CLDR MNK WORK ZM LULU SLV BBBY

Options expected to have increasing volume: LYFT UBER CLDR PANW HOME WORK MNK LULU MNK

August Employment report will be released on September 6. The market will be watching for signals about the strength of the economy. The CME Group FedWatch tool continues to fully price in a rate cut at the September FOMC meeting and another likely cut at the October meeting.

China’s anniversary of 70 years since the founding of Communist China on October 1.

iShares Russell 2000 ETF (RUT) September weekly call option implied volatility is at 22, September is at 20; compared to its 52-week range of 12 to 34.

iShares Russell 2000 ETF (IWM) September weekly call option implied volatility is at 22, September is at 20; compared to its 52-week range of 12 to 35.

S&P Dep Receipts (SPY) September weekly call option implied volatility is at 16, September is at 15; compared to its 52-week range of 9 to 32.

PowerShares QQQ Trust (QQQ) September weekly call option implied volatility is at 21, September is at 21; compared to its 52-week range of 14 to 37

Mallinckrodt (MNK) September call option implied volatility is at 240 , September is at 230; compared to its 52-week range of 45 to 280 into reports of discussions with restructuring firms related to opioid liability issues. Call put ratio 22.7 calls to 1 put.

Johnson & Johnson (JNJ) September call option implied volatility is at 22, September is at 18; compared to its 52-week range of 14 to 34 into reports Mallinckrodt (MNK) in discussions with restructuring firms related to opioid liability issues.

Mylan (MYL) September weekly put option implied volatility is at 45, September is at 37; compared to its 52-week range of 27 to 73.

Teva (TEVA) September weekly call option implied volatility is at 72, September is at 69; compared to its 52-week range of 28 to 105.

Roku (ROKU) September weekly call option implied volatility is at 67, September is at 61; compared to its 52-week range of 50 to 103. Call put ratio 1.3 calls to 1 put with focus on September weekly 165 and 167.50 calls.

Bed Bath & Beyond (BBBY) September weekly call option implied volatility is at 100, September is at 75; compared to its 52-week range of 37 to 104 into updates on restructuring, intends to reduce inventory by $1B.

Jumia Technologies (JMIA) September call option implied volatility is at 110, September is at 104; compared to its 52-week range of 79 to 168. Call put ratio 7.9 calls to 1 put with focus on September 11 and 13 calls.

Beyond Meat (BYND) September weekly call option implied volatility is at 55, September is at 51; compared to its 15-week range of 53 to 140 after MorningStar Farms announced that it will introduce a new addition to its powerful plant-based portfolio and Hormel Foods (HRL) announces launch of ‘plant-forward’ meat alternative brand.

Hormel Foods (HRL) September weekly put option implied volatility is at 47, September is at 31; compared to its 52-week range of 17 to 38.

Cyber security stocks option implied volatility into Palo Alto Networks (PANW) reporting Q1 and FY20 guidance

Check Point (CHKP) 30 day call option implied volatility is at 25; compared to its 52-week range of 17 to 37. Call put ratio 1 call to 5 puts with focus on September 105 puts.

F5 Networks (FFIV) 30 day call option implied volatility is at 28; compared to its 52-week range of 21 to 45.
FireEye (FEYE) 30 day call option implied volatility is at 38; compared to its 52-week range of 31 to 69. Call put ratio 60 calls to 1 put with focus on September weekly 13.50 calls.

Fortinet (FTNT) 30 day call option implied volatility is at 34; compared to its 52-week range of 28 to 61 into Palo Alto Networks (PANW) reporting Q1 and FY20 guidance.

Proofpoint (PFPT) 30 day call option implied volatility is at 35; compared to its 52-week range of 28 to 55. Call put ratio 15.6 calls to 1 put with focus on September 125 calls.

Qualys (QLYS) 30 day call option implied volatility is at 35; compared to its 52-week range of 32 to 69.

Global S&P Futures are recently up 21.25 from previous day. Nikkei 225 up 2%, DAX up 0.7%, WTI Crude oil is recently at $55.58, natural gas down 0.1%, gold at $1551 an ounce

Options with decreasing option implied volatility: CXO TGT GGAL ULTA
Increasing unusual option volume: MIK GLPI OUIT ISNM INFY MIC AEO WORK CRK LL JMIA MBT LBTYK
Increasing unusual call option volume: LBTYK MIK TSEM GLPI ADVM MIC OUT MDCO DHT MTG YETI BHP
Increasing unusual put option volume: LBTYK LKQ INFY VNQ AEO EWG IMMR WORK
Popular stocks with increasing unusual volume: PANW MAT ROKU LYFT
Active options: GE AAPL BAC FB MU INTC AMD TSLA NFLX AMZN MSFT TWTR LBTYK BIDU NIO SBUX ATVI T CSCO