Pre-Market IV Report January 12, 2026

Pre-Market IV Report January 12, 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: CRML OCUL LITE SNAP OSCR PINS ELF UCO FTNT ALGN CMG TWLO DDOG MTCH TTWO DIS PM PEP XRT OXM LXEO MBX TWO RYAM QURE HE QFIN AEXA EWT BKLN CFLT UUP

Stocks expected to have increasing option volume: ALGT SNCY AXP COF MA SYF V JPM C BAC WFC USB PNC BK SLV GDX GOLD GLD EW TEM TEVA

Silver and gold option IV amid higher prices

iShares Silver Trust (SLV) 30-day option implied volatility is at 65; compared to its 52-week range of 22 to 76. Call put ratio 1.8 calls to 1 put as silver up 6%.

Market Vectors Gold Miners ETF (GDX) 30-day option implied volatility is at 45; compared to its 52-week range of 29 to 50. Call put ratio 2.2 calls to 1 put as gold above $4597.

Straddle price into quarter results

JPMorgan (JPM) January 330 straddle priced for a move of 3.5%. Call put ratio 1.5 calls to 1 put into the expected release of quarter results before the bell on January 13.

BNY Mellon (BK) January 120 straddle priced for a move of 4%. Call put ratio 2.3 call to 1 put into the expected release of quarter results before the bell on January 13.

Delta Air Lines (DAL) January 72 straddle priced for a move of 7%. Call put ratio 1.4 calls to 1 put into the expected release of quarter results before the bell on January 13.
      
Option IV amid headlines

American Express (AXP) 30-day option implied volatility is at 31 compared to its 52-week range of 20 to 68. Call put ratio 2.1 calls to 1 put into Trump calls for 10% cap on credit card interest for one year.

Capital One (COF) 30-day option implied volatility is at 32 compared to its 52-week range of 25 to 74. Call put ratio 1.9 calls to 1 put into Trump calls for 10% cap on credit card interest for one year.

MasterCard (MA) 30-day option implied volatility is at 23 compared to its 52-week range of 16 to 51. Call put ratio 1.4 calls to 1 put into Trump calls for 10% cap on credit card interest for one year.

Synchrony (SYF) 30-day option implied volatility is at 30 compared to its 52-week range of 26 to 84. Call put ratio 2.2 calls to 1 put into Trump calls for 10% cap on credit card interest for one year.

Visa (V) 30-day option implied volatility is at 22 compared to its 52-week range of 16 to 50. Call put ratio 1 call to 1 put into Trump calls for 10% cap on credit card interest for one year.

Oklo (OKLO) 30-day option implied volatility is at 98 compared to its 52-week range of 77 to 141. Call put ratio 1.6 calls to 1 put.

Nuscale Power (SMR) 30-day option implied volatility is at 101; compared to its 52-week range of 74 to 139. Call put ratio 2.3 calls to 1 put.

Vistra Energy (VST) 30-day option implied volatility is at 47; compared to its 52-week range of into 42 to 103. Call put ratio 1.3 calls to 1 put.

Tempus AI (TEM) 30-day option implied volatility is at 65 compared to its 52-week range of 62 to 132. Call put ratio 1.1 calls to 1 put into updated guidance.

Teva Pharma (TEVA) 30-day option implied volatility is at 45 compared to its 52-week range of 29 to 72. Call put ratio 1 call to 1 put into updated guidance.

Edwards Lifesciences (EW) 30-day option implied volatility is at 28 compared to its 52-week range of 19 to 48. Call put ratio 1 call to 2.7 puts into updated guidance.

uniQure (QURE) 30-day option implied volatility is at 101; compared to its 52-week range of 56 to 252 with a focus on a spreader of 6K contracts of April 30 and 40 calls.

General Motors (GM) 30-day option implied volatility is at 40; compared to its 52-week range of 25 to 70. Call put ratio 2.5 calls to 1 put with a focus on 4K contracts of January 87 calls.

Masco Corp. (MAS) 30-day option implied volatility is at 32; compared to its 52-week range of 21 to 56 with a focus on January and February 70 calls.

MediaAlpha Inc. (MAX) 30-day option implied volatility is at 64; compared to its 52-week range of 48 to 122. Call put ratio 5.4 calls to 1 put with a focus on May 12.5 calls.

ADMA Biologics (ADMA) 30-day option implied volatility is at 63; compared to its 52-week range of 41 to 97. Call put ratio 1 call to 4.2 puts with a focus on January 17, 18 and 19 puts.

Ingersoll-Rand (IR) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 63 with a focus on February 85 and 90 calls.

Meritage Homes Corporation (MTH) 30-day option implied volatility is at 44; compared to its 52-week range of 35 to 60 with a focus on 3K contracts of February 75 calls.

Sun Country Airlines Holdings (SNCY) 30-day option implied volatility is at 51 compared to its 52-week range of 28 to 107. Call put ratio 34 calls to 1 put into Allegiant (ALGT) acquires Sun Country for $18.89 per share in cash and stock.

Allegiant Travel (ALGT) 30-day option implied volatility is at 57 compared to its 52-week range of 51 to 99. Call put ratio 7.4 calls to 1 put into Allegiant acquires Sun Country (SNCY) for $18.89 per share in cash and stock

Options with decreasing option implied volatility: STZ MLTX
Increasing unusual option volume: PEW RVMD LNC SABR APLS RYAM ACH
Increasing unusual call option volume: LNC PEW RVMD SABR AMLP BRZE OPAD URNM
Increasing unusual put option volume: SLS COMP EXK NOW ADMA FIVE LQDA AQST AMT
Popular stocks with increasing option volume: MSTR NFLX PLTR MU SOFI ORCL AVGO
Active options: TSLA NVDA INTC AAPL MSTR NFLX OPEN AMZN PLTR GOOGL MU AMD META SOFI ORCL APLD ONDS MSFT IREN AVGO
Global S&P Futures lower in premarket, Nikkei up 1.9%, DAX mixed, WTI Crude oil recently at $58.90, natural gas up 2%, gold at $4605