Pre-Market IV Report January 15, 2026

Pre-Market IV Report January 15, 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: OCUL RILY TWLO LYFT UPST APP TTD UCO U ABR NET BILI SPOT DDOG EXPE ROKU SHOP GNRC UCO HWM TMUS CSCO BUD ABNB F SNBR VIR LPTH TCOM EBS U VKTX TWLO CSTL SYNA IMVT AVDL CSWC HESM KHC MTUM SH TRIN SCHD XLK ARR GWRE QLD ASHR PR SNCR

Stocks expected to have increasing option volume: GS MS USB PNC TMC RILY

iShares Silver Trust (SLV) 30-day option implied volatility is at 84; compared to its 52-week range of 22 to 84. Call put ratio 1.3 calls to 1 put on 3.3M contracts compared to 90-day option volume average of 820K contracts into Silver trades $90.40 before the bell.

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 1.2 calls to 1 put into gold trades $46.15 before the bell.

Freeport-McMoran (FCX) 30-day option implied volatility is at 45; compared to its 52-week range of 32 to 83. Call put ratio 57 calls to 1 put on 1.3M contracts, compared to 90-day volume average of 61K contracts as share price near upper end of range.

Alcoa (AA) 30-day option implied volatility is at 62; compared to its 52-week range of 41 to 101. Call put ratio 2 calls to 1 put with a focus on January calls.

Software option IV as share prices near 52-week lows:

Adobe Systems (ADBE) 30-day option implied volatility is at 31; compared to its 52-week range of 23 to 58. Call put ratio 1 call to 2.2 puts as share price near 52-week low.

Box (BOX) 30-day option implied volatility is at 28; compared to its 52-week range of 21 to 51. Call put ratio 1 call to 2.2 puts as share price near 52-week low.

Docusign Inc. (DOCU) 30-day option implied volatility is at 35; compared to its 52-week range of 28 to 72. Call put ratio 1 call to 1 put as share price near 52-week low.

Duolingo (DUOL) 30-day option implied volatility is at 61; compared to its 52-week range of 45 to 102. Call put ratio 1 call to 1.3 puts as share price near 52-week low.

Figma (FIG) 30-day option implied volatility is at 67; compared to its 52-week range of 52 to 149. Call put ratio1.2 calls to 1 put as share price near 52-week low.

ServiceNow (NOW) 30-day option implied volatility is at 47; compared to its 52-week range of 27 to 76. Call put ratio 1 call to 3.1 puts as share price near 52-week low.

Workday (WDAY) 30-day option implied volatility is at 34; compared to its 52-week range of 24 to 58. Call put ratio 1 call to 3.7 puts as share price near 52-week low.

Atlassian (TEAM) 30-day option implied volatility is at 68; compared to its 52-week range of 34 to 100. Call put ratio 1 call to 3.8 puts as share price near 52-week low.

Travel stocks option IV after the US State Department announced plans to suspend visa processing for individuals from 75 countries.

Airbnb (ABNB) 30-day option implied volatility is at 40; compared to its 52-week range of 25 to 70. Call put ratio 1 call to 1.1 puts after the US State Department announced plans to suspend visa processing for individuals from 75 countries.

TripAdvisor (TRIP) 30-day option implied volatility is at 51; compared to its 52-week range of 36 to 88. Call put ratio 1 call to 1.3 puts after the US State Department announced plans to suspend visa processing for individuals from 75 countries.

Expedia (EXPE) 30-day option implied volatility is at 51; compared to its 52-week range of 27 to 81. Call put ratio 1.2 calls to 1 put after the US State Department announced plans to suspend visa processing for individuals from 75 countries.

Booking Holdings (BKNG) 30-day option implied volatility is at 27; compared to its 52-week range of 21 to 59. Call put ratio 1 call to 1.3 puts after the US State Department announced plans to suspend visa processing for individuals from 75 countries.

Weight pharma movers

Viking Therapeutics (VKTX) 30-day option implied volatility is at 82; compared to its 52-week range of 60 to 168. Call put ratio 2.8 calls to 1 put as share price up 17.2%.

Terns Pharmaceuticals (TERN) 30-day option implied volatility is at 77; compared to its 52-week range of 63 to 303. Call put ratio 86 calls to 1 put with a focus on April calls as share price up 9.7%.

Structure Therapeutics (GPCR) 30-day option implied volatility is at 79; compared to its 52-week range of 58 to 320. Call put ratio 9.6 calls to 1 put with a focus on January and February calls as share price up 6.5%.

Movers

United States Oil Fund (USO) 30-day option implied volatility is at 44; compared to its 52-week range of 24 to 66. Call put ratio 1.6 calls to 1 put with a focus on February 75 and 82 calls as share price down 1.5%.

Clover Health Investments (CLOV) 30-day option implied volatility is at 73; compared to its 52-week range of 46 to 139. Call put ratio 4.4 calls to 1 put with a focus on January 3 calls as share price up 10.6%.

Devon Energy (DVN) 30-day option implied volatility is at 38; compared to its 52-week range of 27 to 79. Call put ratio 4.5 calls to 1 put with a focus on February and April 40 calls.

Plains All American Pipeline (PAA) 30-day option implied volatility is at 20; compared to its 52-week range of 14 to 49 with a focus on 10K contracts of May 20 calls.

Rivian Automotive (RIVN) 30-day option implied volatility is at 76; compared to its 52-week range of 46 to 101. Call put ratio 1.3 calls to 1 put with a focus on 13K contracts of February 17 puts as share price down 7.5%.

Academy Sports and Outdoor (ASO) 30-day option implied volatility is at 44; compared to its 52-week range of 32 to 80 with a focus on spreader of January 23 weekly 50 and 55 puts.

Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD) 30-day option implied volatility is at 5; compared to its 52-week range of 5 to 16 with a focus on a spreader of 139K contracts of February 108 and 110 puts.
Straddle price into quarter results

PNC Financial Services (PNC) January 212.50 straddle priced for a move of 4%. Call put ratio 1 call to 1 put into the expected release of quarter results before the bell on January 16.

State Street (STT) January 135 straddle priced for a move of 6%. call put ratio 1 call to 3.7 puts into the expected release of quarter results before the bell on January 16.

M&T Bank Corp. (MTB) January 210 straddle priced for a move of 4.5%. Call put ratio 5.1 calls to 1 put into the expected release of quarter results before the bell on January 16.

Regions Financial (RF) January 28 straddle priced for a move of 4%. Call put ratio 1 call to 4.9 puts into the expected release of quarter results before the bell on January 16.

Options with decreasing option implied volatility: MLTX SOC OMER AEHR ABVX DFDV INSM OPEN STZ AGNC WBD AVDL UUP
Increasing unusual option volume: TCOM FIGS APLS COMP ARR ZSL AMN
Increasing unusual call option volume: FIGS TCOM ARR COMP VSAT TDW GFS ZSL FCX PR INFY
Increasing unusual put option volume: TCOM BEKE HUN KBE XLB RARE LQD INDA RF
Popular stocks with increasing option volume: MSTR INTC BAC AVGO FCX ORCL BABA COIN
Active options: NVDA TSLA MSTR INTC AAPL NFLX META AMD PLTR AMZN BAC MSFT AVGO FCX BMNR ORCL GOOGL BABA COIN
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $59.28, natural gas up 2%, gold at $4616