Pre-Market IV Report May 21, 2026

Pre-Market IV Report May 21, 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: SLS ABVX TE NVTS ENPH XOVR EC AEXA PFG QQQI UUP

Stocks expected to have increasing option volume: RGTI QUBT QBTS IONQ IBM NVDA INTU BULL ZM LAC AAP NIO BJ DECK BAH BKE AVB EQR URBN ELF WMT DE NTES WSM RL WDAY ZM TTWO ROST MS GS TLT TBT T RKLB

Movers in premarket, Crude up 2%

United States Oil Fund (USO) 30-day option implied volatility is at 72; compared to its 52-week range of 26 to 129. Call put ratio 1 call to 1.5 puts.

Market Vectors Oil Services ETF (OIH) 30-day option implied volatility is at 36; compared to its 52-week range of 28 to 50. Call put ratio 1 call to 4.2 puts.

Delta Air Lines (DAL) 30-day option implied volatility is at 47; compared to its 52-week range of 34 to 62. Call put ratio 1 call to 1 put.

United Airlines (UAL) 30-day option implied volatility is at 54; compared to its 52-week range of 39 to 78. Call put ratio 2 calls to 1 put with a focus on May 29 weekly 100 calls.

American Airlines (AAL) 30-day option implied volatility is at 54; compared to its 52-week range of 37 to 68. Call put ratio 1.7 calls to 1 put with a focus on June calls.

Energy Select Sector SPDR ETF (XLE) 30-day option implied volatility is at 28; compared to its 52-week range of 18 to 34. Call put ratio 1 call to 2.1 put with a focus on with a focus on June 54 puts.

IBM (IBM) 30-day option implied volatility is at 33; compared to its 52-week range of 21 to 55. Call put ratio 1.6 calls to 1 put into share price up before the bell.

D-Wave Quantum (QBTS) 30-day option implied volatility is at 96; compared to its 52-week range of 76 to 170. Call put ratio 3.5 calls to 1 put into share price up before the bell.

Quantum Computing Inc (QUBT) 30-day option implied volatility is at 95; compared to its 52-week range of 76 to 151. Call put ratio 4.9 calls to 1 put into share price up before the bell.

IONQ Inc (IONQ) 30-day option implied volatility is at 91; compared to its 52-week range of 70 to 143. Call put ratio 1.6 calls to 1 put into share price up before the bell.

Rigetti Computing (RGTI) 30-day option implied volatility is at 94; compared to its 52-week range of 74 to 165. Call put ratio 2.1 calls to 1 put into share price up before the bell.

Goldman Sachs (GS) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 46. Call put ratio 2.1 calls to 1 put with a focus on May 22 weekly 990 calls amid OpenAI and SpaceX IPO headlines.

Morgan Stanley (MS) 30-day option implied volatility is at 30; compared to its 52-week range of 22 to 45. Call put ratio 3 calls to 1 put with a focus on May 22 weekly 205 calls amid OpenAI and SpaceX IPO headlines.

USA Rare Earth (USAR) 30-day option implied volatility is at 101; compared to its 52-week range of 87 to 191. Call put ratio 2.5 calls to 1 put with a focus on June calls amid share price rally.

Spotify (SPOT) 30-day option implied volatility is at 49; compared to its 52-week range of 33 to 62. Call put ratio 1 call to 1 put into investor meeting.

Proshares Trust Ultrashort Lehman 20+ Year Treasury (TBT) 30-day option implied volatility is at 23; compared to its 52-week range of 17 to 36. Call put ratio 5 calls to 1 put with a focus on June calls.

iShares 20+ Year Treasury Bond ETF (TLT) 30-day option implied volatility is at 12; compared to its 52-week range of 9 to 18. Call put ratio 1.8 calls to 1 put with a focus on January 70 puts.

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 30-day option implied volatility is at 6; compared to its 52-week range of 4 to 11. Call put ratio 1 call to 2.1 puts with a focus on June 79 puts.

Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD) 30-day option implied volatility is at 8; compared to its 52-week range of 5 to 11. Call put ratio 1 call to 1.2 puts with a focus on May 29 weekly 108 calls and puts.

Avalonbay Communities (AVB) 30-day option implied volatility is at 18; compared to its 52-week range of 18 to 29. Call put ratio 8.4 calls to 1 put with a focus on July 180 and 190 calls into AvalonBay, Equity Residential (EQR) announce merger of equals.

Equity Residential (EQR) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 26. Call put ratio 1 call to 1.7 puts into AvalonBay (AVB), Equity Residential announce merger of equals.

Straddle price into quarter results and outlook

Zoom (ZM) May 22 weekly 99 straddle priced for a move of 10%. Call put ratio 1. 5call to 1 put into the expected release of quarter results today after the bell.

Workday (WDAY) May 22 weekly 126 straddle priced for a move of 12%. Call put ratio 1 calls to 2.5 puts into the expected release of quarter results after the bell on May 21.

Options with decreasing option implied volatility: DGXX LWLG DLO FRMI OMER KLAR WVE STNE EVNX STUB CAVA FIG MESO YINN CSCO VFC CSCO BILI BIDU AS
Increasing unusual option volume: HIVE SABR TGEN DQ BCE XEL TE
Increasing unusual call option volume: SABR HIVE DOC TE XIFR BLDP PURR
Increasing unusual put option volume: XP HIVE ABCL WRBY TE TIGR AMT
Popular stocks with increasing option volume: AMD MU NOK TE PLTR NOW SOFI SMCI IREN MSTR NKE ARM
Active options: TSLA NVDA AAPL INTC MSFT AMZN GOOGL META AMD MU NOK TE PLTR NOW SOFI SMCI IREN MSTR NKE ARM
Global S&P Futures mixed in premarket, Nikkei up 3%, DAX mixed, WTI Crude oil recently at $98, natural gas up 1%, gold at $4534