Top 20 High IV Watchlist

EchoStar's stake in SpaceX is doing the heavy lifting today, with shares up over 11% as the rocket company's Nasdaq debut pulls space-adjacent names sharply higher. Options traders are now pricing in a ±66.6% move over the next 30 days, with IV Rank pinned at a perfect 100, reflecting just how rare this level of premium is relative to the stock's own history.

A Q3 EPS guide that landed below consensus has knocked Adobe shares down 6.5% on earnings day, and with IV Rank at 100, the options market had already priced in a wide range of outcomes. The CFO departure added a second layer of uncertainty that the market is still digesting.

TripAdvisor crept onto today's list on a 3% gain with no headline catalyst in the data, yet IV Rank sits at a perfect 100 and the options market is implying a ±45.5% move over the next 30 days. That combination of quiet price action and historically extreme premium is itself a story worth tracking.

No catalyst is visible in the data for Warner Bros. Discovery, but at an IV Rank of 84 the options market is pricing premium well above its historical norm, implying a ±38.0% move over 30 days. Broad media sector uncertainty appears to be keeping a floor under volatility expectations here.

An 8.6% single-session surge in Enphase has collided with a reiterated Sell rating and a $21.7 price target from GLJ Research, creating a tug-of-war that options traders are watching closely. At an IV Rank of 74, premium is elevated but not yet at historical extremes, leaving room for further repricing if the divergence between price action and analyst conviction widens.

Southwest Airlines jumped 7.1% with no news in the data to explain it, and the options market has responded by pushing IV Rank to a perfect 100, its highest relative level on record. A ±37.9% implied 30-day move on a major airline with no visible catalyst is the kind of anomaly that demands a second look.

Lennar's Q2 earnings release delivered a beat on adjusted EPS but missed on revenue, and the CEO's reference to 'same stubborn headwinds' in housing did little to reassure traders, with shares still up 5.9% on the day. IV Rank at 100 reflects just how compressed volatility expectations had been before the report repriced event risk.

Coherent has no visible catalyst in the data today, yet IV Rank sits at a perfect 100 and the options market is implying a ±36.4% move over the next 30 days. For a photonics and laser components name, that level of premium at a historical peak warrants attention even in the absence of a headline.

Something quiet is happening in BILL Holdings, where IV Rank at 38 is modest but IV Percentile at 91 tells a different story, meaning premium is elevated relative to most recent sessions even if it's not at a multi-year extreme. No catalyst is visible in the data, which makes the divergence between those two volatility measures the most interesting thing on the tape right now.

A 14.5% single-session move in SanDisk follows a Bank of America price target raise to $2,100, a call that looks less outlandish against a backdrop of a 5,000%-plus rally since the stock's 2025 spinoff from Western Digital. At an IV Rank of 85, options premium is expensive relative to the stock's own history, and the market is implying a ±35.9% move over the next 30 days.

Super Micro is bouncing 9.2% after a 28% plunge, with traders now weighing a $7 billion financing plan tied to $39 billion in AI server demand against a fresh Peer Perform initiation from Wolfe Research. IV Rank at 100 reflects the stock's well-earned reputation for violent swings, and the options market is pricing in a ±35.5% move over the next 30 days.

Micron is up 11.5% today as chip stocks broadly rebound, and with earnings 13 days out, options traders are already layering event risk on top of an already-elevated IV Rank of 100. The 30-day implied move of ±35.5% will likely expand further as the earnings release approaches, making current premium levels a moving target.

Macy's jumped 8.1% with no news in the data to explain the move, and IV Rank at a perfect 100 means the options market is treating this as historically extreme territory for premium. The ±34.6% implied 30-day move on a brick-and-mortar retailer with no visible catalyst is the kind of setup that keeps volatility traders honest.

e.l.f. Beauty gained 4.4% today with no headline catalyst visible in the data, and at an IV Rank of 42 the premium isn't historically extreme, but IV Percentile at 78 shows that recent sessions have been running hotter than usual. The absence of a clear driver behind both the price move and the elevated recent volatility is the most honest read available here.

Marathon Digital rallied 7.8% today with no news in the data, a pattern familiar to anyone who watches crypto-adjacent equities move in lockstep with Bitcoin sentiment. At an IV Rank of 70 and a ±32.7% implied 30-day move, premium is elevated but not yet at the historical peaks this name has seen during prior crypto volatility cycles.

Lumentum gained 4.3% today with no catalyst visible in the data, and at an IV Rank of 74 the options market is pricing premium toward the expensive end of its historical range. For a fiber and photonics name with exposure to AI networking buildout, the elevated premium may reflect sector-level uncertainty rather than any company-specific event.

ON Semiconductor is up 5.3% with no news in the data, yet IV Rank sits at a perfect 100, meaning the options market is at its most expensive relative level on record for this name. A ±32.4% implied 30-day move on a chip stock with no visible catalyst points to broader semiconductor sector volatility doing most of the pricing work.

Intel surged 9.3% as chip stocks broadly led the Nasdaq 100 rebound, and with IV Rank at a perfect 100, the options market is treating current premium as historically extreme for this name. The broader sector tailwind is doing the heavy lifting today, though Intel's own restructuring narrative keeps stock-specific uncertainty elevated on top of the macro move.

Freeport-McMoRan jumped 6.9% with no news in the data, and at an IV Rank of 100 the options market is pricing copper's largest pure-play at its most expensive relative volatility level on record. Macro sensitivity to global growth expectations and trade policy tends to move FCX sharply without warning, which may explain why premium is running this hot without a specific catalyst.

Ciena edged up 2.2% today with no catalyst in the data, and at an IV Rank of 44 and IV Percentile of 48, the options market is essentially pricing this name right at its historical midpoint. For a networking infrastructure name with AI-driven demand tailwinds, the lack of any premium elevation makes it the quietest name on today's list.