Mid-session IV Report September 23, 2025

Mid-session IV Report September 23, 2025

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: CIFR RGTI SMMT QBTS FLNC QS SMLR EXK YPF CONY DXCM PATH FI IBM NFLX TSLY

Popular stocks volume: INTC AMD SNAP ORCL PLTR CRWV NIO PLUG SOFI KVUE SMCI

Active options: NVDA AAPL TSLA OPEN INTC AMZN AMD SNAP ORCL PLTR CRWV NIO PLUG SOFI KVUE BMNR SOUN GOOGL RGTI SMCI

Option IV into quarter results

Micron Technology (MU) September 26 weekly call option implied volatility is at 129, October is at 64; compared to its 52-week range of 37 to 87. Call put ratio 2.2 calls to 1 put into the expected release of quarter results today after the bell.

Cintas Corp. (CTAS) September 26 weekly call option implied volatility is at 75, October is at 34; compared to its 52-week range of 17 to 40. Call put ratio 1.3 calls to 1 put into the expected release of quarter results after the bell on September 24.

Uranium Energy (UEC) September 26 weekly call option implied volatility is at 140, October is at 90; compared to its 52-week range of 51 to 85. Call put ratio 3.8 calls to 1 put with a focus on October 13 calls into the expected release of quarter results on September 24 before the bell.

KB Home (KBH) October call option implied volatility is at 45, November is at 40; compared to its 52-week range of 30 to 59. Call put ratio 1 call to 1.9 puts into the expected release of quarter results on September 24 after the bell.

Stitch Fix (SFIX) September 26 weekly call option implied volatility is at 260, October is at 139; compared to its 52-week range of 50 to 135. Call put ratio 2.2 calls to 1 put into the expected release of quarter results on September 24 after the bell.

Option implied volatility Metals

Freeport-McMoran (FCX) 30-day option implied volatility is at 39; compared to its 52-week range of 32 to 83. Call put ratio 7.8 calls to 1 put with a focus on November 50 and 55 calls.

Southern Copper (SCCO) 30-day option implied volatility is at 34; compared to its 52-week range of 29 to 73. Call put ratio 10.4 calls to 1 put with a focus on October calls.

Pan American Silver (PAAS) 30-day option implied volatility is at 43; compared to its 52-week range of 37 to 69. Call put ratio 3.7 calls to 1 put with a focus on October 40 calls as share price up 2%.

Ishares Silver Trust (SLV) 30-day option implied volatility is at 29; compared to its 52-week range of 22 to 40. Call put ratio 5.8 calls to 1 put with a focus on 21K contracts of October 40.50 calls as silver trends higher.

Wheaton Precious Metals Corp. (WPM) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 51. Call put ratio 1.4 calls to 1 put as share price trends higher.

Vale S.A. (VALE) 30-day option implied volatility is at 26; compared to its 52-week range of 21 to 51. Call put ratio 3.2 calls to 1 put with a focus on October 3 weekly 12 calls as share price up 1.1%.

Rio Tinto plc (RIO) 30-day option implied volatility is at 24; compared to its 52-week range of 20 to 47. Call put ratio 1.8 calls to 1 put.
BHP Billiton Ltd. (BHP) 30-day option implied volatility is at 25; compared to its 52-week range of 22 to 51. Call put ratio 1.2 calls to 1 put.
Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 38; compared to its 52-week range of 29 to 50. Call put ratio 2.1 calls to 1 put with a focus on a spreader of September 26 weekly 73 and 75 calls as gold trends higher.

Hecla Mining (HL) 30-day option implied volatility is at 62; compared to its 52-week range of 42 to 70. Call put ratio 10.2 calls to 1 put with a focus on October 10 weekly 12 calls.

Options with decreasing option implied volatility: FDX OPEN APO LEN GIS
Increasing unusual option volume: SPRK BRSL TTMI DDD UAMY AACT SAVA SES LBRT
Increasing unusual call option volume: DDD TTMI LBRT SAVA AACT SES PLUG CSX PLG SRRK
Increasing unusual put option volume: SNDK UAMY BN KVUE DUST PLUG BITF BSX SLDP