Biggest Gains / Losers in the S&P 5003M (MMM) and PayPal (PYPL) are among the biggest winners in the S&P 500. Carnival Cruise Lines (CCL), Airbnb (ABNB), Ford (F), and Intel (INTC) are among the biggest losers.
High Historical and Current VolatilityThese four symbols show the highest combinations of high historical and current volatility:XRT (SPDR S&P Retail ETF)SMH (VanEck Vectors Semiconductor ETF)XME (SPDR S&P Metals & Mining ETF)GDX (VanEck Vectors Gold Miners ETF)These four ETFs are highlighted in a box in the upper right corner of the chart, indicating they have both high IV (Implied Volatility) and high IV Rank.
ETFs like XLI, XLP, and XLV have high IV Rank but lower IV compared to the top four. QQQ, SPY, and DIA are positioned towards the lower left, suggesting lower volatility overall. IYR has the lowest IV Rank among the displayed ETFs. Meaning it’s volatility is historically low.
Two Trade Ideas
GOOGL ($167) Call Diagonal (OCT/SEP)GOOGL hasn’t participated as much as the rest of the Magnificent 7 in this last weeks rally. Maybe there is a catch up trade there. If you want to lean bullish, but stay small, the diagonal spread long 170 call (OCT) and short the 175 call (SEP) provides around 18 long delta for just a $3.87 debit.
QQQ ($479) Iron Condor (SEP)We’ve got JPOW on deck, and NVDA earnings reporting next week – 8 straight up days and a volatility crush of epic proportions. Maybe we trade sideways for a couple weeks? Short the 460/450 put spread and the 500/510 call spread in SEP trades at roughly 1/3rd the width ($316) of the spread with around $6 in theta decay.
Sharing is caring. Forward this email to your friends so they can subscribe to our newsletters too! Get weekly data-driventrade ideas with Cherry Picks and daily pre-market insights and trade ideas with Cherry Bomb.
%20(11)-2.png?width=1120&upscale=true&name=TEMP_iv_vs_rank%20(complex)%20(11)-2.png)
