Pre-Market IV Report February 18, 2026

Pre-Market IV Report February 18, 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: LQDA WOLF PL ASST ACN INFY NKE EPD KPTI TBPH QURE PL WOLF FJET FLY BLCO EBS ORCX XERS NVA OFRM CWK SKM PGEN NN EWY SRPT ESTC BILL PZZA AIP OMER AXON BBW NKE HUN DJT FDX BAH ADI BXSL O DOC BKLN PDD ZTO TSCO COUR

Stocks expected to have increasing option volume: PANW CDNS TOL GKOS KVUE ADI VRSK GPN PODD WING SEDG CZR STLD PBI HRL LZB USNA

Straddle into quarter results and outlook

Carvana (CVNA) February 350 straddle priced for a move of 14.5%. Call put ratio 1.2 calls to 1 put into the expected release of quarter results today after the bell.

Booking Holdings (BKNG) February 4140 straddle priced for a move of 8%. Call put ratio 1.6 calls to 1 put into the expected release of quarter results today after the bell.

Walmart (WMT) February 129 straddle priced for a move of 5.5%. Call put ratio 1 calls to 2 puts into the expected release of quarter results before the bell on February 19.

Deere & Co. (DE) February 600 straddle priced for a move of 5%. Call put ratio 1 calls to 1.3 puts into the expected release of quarter results before the bell on February 19.

Wayfair (W) February 85 straddle priced for a move of 15%. Call put ratio 1.1 calls to 1 put into the expected release of quarter results before the bell on February 19.

Movers

Oracle (ORCL) 30-day option implied volatility is at 73; compared to its 52-week range of 28 to 173. Call put ratio 1 call to 1.5 puts amid price movement.

Norwegian Cruise Line (NCLH) 30-day option implied volatility is at 66; compared to its 52-week range of 37 to 101. Call put ratio 1 call to 1 put amid price movement.

Southwest Airlines (LUV) 30-day option implied volatility is at 46; compared to its 52-week range of 29 to 77. Call put ratio 1 call to 1.3 puts as share price up 7.3%.

Dollar General (DG) 30-day option implied volatility is at 50; compared to its 52-week range of 24 to 63. Call put ratio 3.2 calls to 1 put with a focus on February 155 calls.

JetBlue Airways (JBLU) 30-day option implied volatility is at 73; compared to its 52-week range of 52 to 114. Call put ratio 5.6 calls to 1 put with a focus on 9963 contracts of June 7 calls as share price up 3.2%.

Dollar General (DG) 30-day option implied volatility is at 50; compared to its 52-week range of 24 to 63. Call put ratio 3.2 calls to 1 put as share price down 2.4%.

ConocoPhillips (COP) 30-day option implied volatility is at 31; compared to its 52-week range of 24 to 69 with a focus on February 80, 85, 87.50 and 90 calls.

COMPASS Pathways plc (CMPS) 30-day option implied volatility is at 117; compared to its 52-week range of 71 to 287. Call put ratio 3.4 calls to 1 put with a focus on February and March 9 calls as share price up 29%.

Huntsman (HUN) 30-day option implied volatility is at 75; compared to its 52-week range of 34 to 90. Call put ratio 1 call to 4.1 puts with a focus on 31K contracts of March 11 puts as share price down 6.2%.

BHP Group (BHP) 30-day option implied volatility is at 37; compared to its 52-week range of 22 to 51. Call put ratio 1 call to 1.7 puts with a focus on March 65 puts.

Emerson Electric (EMR) 30-day option implied volatility is at 29; compared to its 52-week range of 20 to 62. Call put ratio 1 call to 3 puts with a focus on 4K contracts of September 130 puts.

Options with decreasing option implied volatility: OCUL CMPS AGQ UPWK OGN LYFT FISV CROX DDOG OSCR SLV APP HUBS PINS SIVR ROKU DXCM BROS BBIO GT ZTS TWLO RACE ABNB ON HUM FLR AZN BUD CSCO CVS USO TMUS
Increasing unusual option volume: HAS ED CNXC ATOM SLVP PFSI COUR HNGE
Increasing unusual call option volume: HAS ED SLVP ATOM MPC COP IGV COUR KLAR AFL
Increasing unusual put option volume: HUN WEN JBL EWY OCUL FROG FSLY CWAN INTU
Popular stocks with increasing option volume: PLTR MU MSTR SOFI AVGO COIN INTC TSM ORCL
Active options: NVDA TSLA AAPL AMZN PLTR AMD MSFT GOOGL NFLX MU META MSTR GOOG SOFI AVGO ONDS COIN INTC TSM ORCL
Global S&P Futures mixed to higher in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $62.61, natural gas mixed, gold at $4942