Top 20 High IV Watchlist

At an IV Rank of 100 and a 30-day expected move of ±34.7%, the options market in SATS is pricing in more uncertainty than at virtually any point in its recent history. No direct catalyst is visible in the data, but the SpaceX IPO chatter circulating across the satellite sector may be stirring enough competitive anxiety to keep premium elevated.

A 7.7% single-session drop dragged Marvell into the center of Tuesday's AI and semiconductor rout, where the Nasdaq 100 shed more than 3% as the sector broadly unwound. At an IV Rank of 56, premium is elevated but not historically extreme, meaning the market is pricing in continued chop rather than a one-time shock.

With earnings arriving in 3 days, Adobe's IV Rank has hit a perfect 100, placing current premium at the highest level in its recent history. A ±31.7% expected move over 30 days reflects the full weight of event risk being loaded into near-term contracts right now.

A 9.7% session loss landed IonQ on today's list, though its IV Rank of 34 tells you the options market has seen far wilder periods in this name. Martin Shkreli's public accusations that the company fabricated Bitcoin mining claims add a reputational overhang that goes beyond the broader tech selloff.

Price target hikes from both Cantor and BofA pushed SanDisk against the grain of Tuesday's tech tape, with the stock gaining while peers sold off. At an IV Rank of 41, premium is moderate, but the divergence from sector pressure is the detail worth tracking here.

Iridium dropped 5% on Tuesday with no news in the data to explain it, and an IV Rank of 100 means the options market is treating current premium as the most expensive it has been in recent memory. A calm stock with a perfect IV Rank and no visible catalyst is itself a signal that something is being priced in off the public tape.

Reports earnings in 2 days, and at an IV Rank of 86, the options market is already deep into event-risk pricing mode. The stock is up roughly 50% from its April lows, which raises the bar for a positive reaction and compresses the margin for error on Thursday's release.

CleanSpark fell 3.5% on Tuesday even as Chardan raised its price target, a split signal that reflects the tension between analyst optimism and a risk-off tape punishing high-beta names. At an IV Rank of 31, premium is below the midpoint of its historical range, so the elevated absolute IV here is more a function of the stock's inherent volatility than any fresh fear spike.

An 11.4% single-session collapse put Coherent among the hardest-hit names in Tuesday's AI and optical stock rout, where the sector broadly cratered alongside the Nasdaq 100's 3.3% decline. At an IV Rank of 54, premium is near the middle of its historical range, meaning the market is treating this as a painful but not unprecedented move.

Lumentum shed 8.2% as optical stocks were swept up in Tuesday's AI-linked selloff, even as Needham held its Buy rating and $1,040 price target. The IV Rank of 54 sits at the midpoint of its historical range, so premium reflects sector turbulence rather than a stock-specific fear premium.

Micron reports earnings in 16 days, and at an IV Rank of 57, the options market has begun loading event risk into near-term contracts, though premium has room to expand further as the date approaches. Tuesday's broad chip selloff, which hit MU alongside MRVL, AMD, and INTC, adds a sector-level headwind to an already event-sensitive tape.

Enphase dropped nearly 6% on Tuesday, caught in the Nasdaq's broad tech liquidation despite having no direct AI exposure. The IV Rank of 38 suggests the options market views this as a sector-driven move rather than a company-specific repricing event.

Chewy reports earnings in 2 days with its stock near two-year lows and Wall Street already trimming price targets ahead of the release, a combination that has pushed IV Rank to 98. The ±28.8% expected move over 30 days reflects a market that sees meaningful binary risk in either direction from Thursday's print.

Rambus slid 3.4% on Tuesday with no news in the data to anchor the move, yet its IV Rank of 66 places current premium in the upper third of its historical range. When a stock reprices without a visible catalyst and premium quietly climbs, the options tape is often picking up something the headlines have not yet caught.

Ciena priced an upsized $2.5 billion convertible note offering at a 60% conversion premium, a capital markets move that introduces meaningful dilution risk and explains the 5.9% session drop. At an IV Rank of just 12, the options market is not treating this as a historically elevated fear event, which makes the size of the price move relative to the low IV Rank the tension worth watching.

Seagate dropped 3.5% on Tuesday with no news in the data to explain the move, leaving the IV Rank of 60 and a ±26.2% expected move as the only signals available. The most plausible read is spillover from the broader storage and semiconductor tape, where sector pressure moved names in bulk regardless of individual fundamentals.

Western Digital slipped 1.7% on a day when storage and semiconductor names broadly sold off, and at an IV Rank of 53, premium sits almost exactly at the midpoint of its historical range. No stock-specific catalyst is visible, making this a sector-driven move with options pricing that reflects ambient tech volatility rather than a fresh company-level risk.

Intel fell 2% as the chip sector's relief rally fully collapsed on Tuesday, with SOXL cratering 15% and AMD shedding 6% in the same session. At an IV Rank of 36, Intel's options premium remains below the midpoint of its historical range, a reminder that even on ugly tape days, this stock's volatility profile has looked far more extreme in the recent past.

Marathon Digital dropped 3.4% on Tuesday with no news in the data, and at an IV Rank of 26, the options market is treating current premium as relatively cheap by this stock's own standards. For a name that routinely trades with triple-digit implied volatility, an IV Rank in the low twenties on a down day is a structural quirk of how wide MARA's historical volatility range actually is.

Super Micro announced a $7 billion equity and convertible financing package to fund AI server component purchases, then filed a mixed shelf prospectus, a one-two capital raise that hit the stock for 7.6% on the day. At an IV Rank of 70, the options market is pricing this name in the upper third of its historical volatility range, with the dilution overhang from the shelf keeping premium elevated beyond the single-session move.