Mid-session IV Report February 19, 2026

Mid-session IV Report February 19, 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: CORT PL LULU ACN NKE EPD CORT FIGS MLCO ATEX OWL USO BX APO BKLN PSQ

Popular stocks with increasing option volume: WMT MSTR SMCI MU INTC OXY CVNA RIVN NFLX SOFI

Active options: NVDA TSLA PLTR MSFT WMT AAPL AMZN MSTR SMCI AMD MU INTC OXY CVNA ONDS MPT RIVN META NFLX SOFI

Option IV into events

NVIDIA (NVDA) 30-day option implied volatility is at 50; compared to its 52-week range of 32 to 75. Call put ratio 1.6 calls to 1 put with a focus on February calls into the expected release of quarter results after the bell on February 25.

Dell Technologies (DELL) 30-day option implied volatility is at 65; compared to its 52-week range of 32 to 86. Call put ratio 1.7 calls to 1 put with a focus on February calls into the expected release of quarter results on February 26.

Warner Bros Discovery (WBD) 30-day option implied volatility is at 36; compared to its 52-week range of 23 to 82. Call put ratio 4.3 calls to 1 put with a focus on a spreader of 6333 contracts of February 26 and March 28 calls.

Netflix (NFLX) 30-day option implied volatility is at 39; compared to its 52-week range of 25 to 71. Call put ratio 4 calls to 1 put with a focus on February 84 and 85 calls.

Apple (AAPL) 30-day call option implied volatility is at 26; compared to its 52-week range of 18 to 65. Call put ratio 1.2 calls to 1 put into hosting members of the press to what it calls a “special Apple experience” in New York City, London, and Shanghai on March 4.

Target (TGT) 30-day call option implied volatility is at 48; compared to its 52-week range of 29 to 65. Call put ratio 1.4 calls to 1 put into investors meeting on March 4.

Citigroup (C) 30-day call option implied volatility is at 35; compared to its 52-week range of 24 to 67. Call put ratio 1.2 calls to 1 put into hosting an Investor Day on May 7.

Option IV into quarter results and outlook

Newmont (NEM) February call option implied volatility is at 137, March is at 60; compared to its 52-week range of 31 to 67. Call put ratio 3.5 calls to 1 put with a focus on March 125 calls into the expected release of quarter results today after the bell.

AngloGold Ashanti (AU) February call option implied volatility is at 140, March is at 70; compared to its 52-week range of 39 to 67. Call put ratio 1.6 calls to 1 put into the expected release of quarter results before the bell on February 20.

Options with decreasing option implied volatility: OCUL CMPS CROX OGN APP ZIM CVNA TWLO HUBS BBIO FIG ROKU IRDM DXCM PINS BROS AAP DASH ETSY
Increasing unusual option volume: WTI GLBE QGEN PBRA ATOM RELY MLCO PAYO
Increasing unusual call option volume: WTI PBRA MLCO RELY ATOM PAYO FSLY AMPL PUMP
Increasing unusual put option volume: GPN CARR BTG OBDC FFAI TAP URBN DASH KLAR