Pre-Market IV Report June 25, 2026
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: WEN BFLY BCRX LABD UMC MSTR VKTX CHTR DECK TXN IBM SAP URI RTX CMCSA CZR LMT GSAT
Stocks expected to have increasing option volume: MSTR SPCX MU PLTR WEN SOFI INTC RUN NFLX AVGO HOOD ORCL
Stocks expected to have increasing option volume: MU WDC SNDK MSTR SPCX TCOM IBM QQQ SPY
Micron Technology (MU) June 26 weekly call option implied volatility is at 191, July is at 110; compared to its 52-week range of 38 to 108. Call put ratio 1 call to 1 put into share price up before the bell.
Western Digital (WDC) 30-day option implied volatility is at 98; compared to its 52-week range of 33 to 96. Call put ratio 1 call to 1.1 puts into share price up before the bell.
Sandisk (SNDK) 30-day option implied volatility is at 112; compared to its 52-week range of 44 to 123. Call put ratio 1 call to 1.3 puts into share price up before the bell.
IBM (IBM) 30-day option implied volatility is at 53; compared to its 52-week range of 21 to 63. Call put ratio 5.9 calls to 1 put into share price up before the bell.
Alibaba (BABA) 30-day option implied volatility is at 43; compared to its 52-week range of 32 to 55. Call put ratio 1.4 calls to 1 put as share price near 14-month low.
Oil, Gold and Silver option IV
United States Oil Fund (USO) 30-day option implied volatility is at 43; compared to its 52-week range of 26 to 129. Call put ratio 1 call to 1.2 puts as WTI crude trends lower.
Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 49; compared to its 52-week range of 29 to 60. Call put ratio 1 call to 1.6 puts as gold trades $4000.
iShares Silver Trust (SLV) 30-day option implied volatility is at 50; compared to its 52-week range of 22 to 111. Call put ratio 1.3 calls to 1 put as silver pulls back.
iShares Gold Trust (IAU) 30-day option implied volatility is at 28; compared to its 52-week range of 14 to 44. Call put ratio 1 call to 2.2 puts with a focus July 71 puts as share price down 3.1%.
Straddle price into quarter results and outlook
Darden Restaurants (DRI) July 210 straddle priced for a move of 8%. Call put ratio 1.1 calls to 1 put into the expected release of quarter results today.
FedEx Freight (FDXF) July 160 straddle priced for a move of 12%. Call put ratio 1 call to 1.7 puts into the expected release of quarter results after the bell on June 25.
Sunrun (RUN) 30-day option implied volatility is at 83; compared to its 52-week range of 65 to 166. Call put ratio 12.7 calls to 1 put with a focus on a spreader of 20K contracts of September 16, 18, 21 and 23 calls as share price up 19%.
Wendy’s (WEN) 30-day option implied volatility is at 146; compared to its 52-week range of 35 to 69. Call put ratio 4.3 calls to 1 put with a focus on July and January 10 calls as share price up before the bell.
AdaptHealth Corp. (AHCO) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 69 with a focus on 6K contracts of September 10 calls.
Cerebras Systems (CBRS) 30-day option implied volatility is at 97; compared to its 52-week range of 29 to 126. Call put ratio 1.4 calls to 1 put with a focus 16998 contracts of August 115 puts.
Warner Music Group Corp. (WMG) 30-day option implied volatility is at 37; compared to its 52-week range of 22 to 55 with a focus 20759 contracts of August 22 puts.
Options with decreasing option implied volatility: SPCH SNK QURE VELO BBBY
Increasing unusual option volume: MIR WEN GETY DOMO BLZE PEW BRBR
Increasing unusual call option volume: MIR WEN PEW MTUM EWJ
Increasing unusual put option volume: WEN AS KBH EWG DFTX CG
Popular stocks with increasing option volume: MSTR SPCX MU PLTR WEN SOFI INTC RUN NFLX AVGO HOOD ORCL
