Firefly Aerospace (FLY) Options Chain

NASDAQ: FLYIndustrialsMilitary/Government/TechnicalUSD

20.00-0.67 (-3.24%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $20.00
Put/call ratio (OI): 0.48
Put/call ratio (volume): 1.11
ATM implied volatility: 99.1%
Expected move: ±$6.56
Open interest (C / P): 22.32K / 10.74K

FLY options summary

The FLY options chain for the November 20, 2026 expiration lists 46 call and 44 put contracts, with 40 days until expiration. Open interest stands at 22,319 calls and 10,741 puts, a put/call ratio of 0.48, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 99.1%, which implies the market expects a move of about ±$6.56 (32.8%) in Firefly Aerospace stock by expiration.

The most open interest sits at the $32.00 call (3.30K contracts) and the $22.00 put (1.87K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

FLY options chain · November 20, 2026

FLY calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	8.00	0.00	0.15	0.05	146.9%	35	35
3	2	139.8%	14.20	9.00	11.40	10.00	0.00	0.30	0.06	131.3%	2	319
1	4	70.3%	7.25	6.30	7.80	13.00	0.05	0.30	0.18	91.0%	14	544
—	—	—	—	—	—	14.00	0.15	0.50	0.32	93.0%	2	26
69	15	98.4%	6.11	5.10	6.10	15.00	0.40	0.65	0.45	93.5%	2	319
21	20	100.0%	6.40	4.40	5.40	16.00	0.55	0.85	0.77	89.2%	42	838
0	1	—	11.15	0.00	0.00	17.00	0.95	1.15	1.05	91.0%	95	748
127	1	93.7%	6.25	3.30	3.70	18.00	1.35	1.50	1.50	90.4%	24	615
1,277	2	95.1%	5.50	2.90	3.10	19.00	1.80	1.90	1.99	89.2%	8	127
FLY $20.00
368	2	102.4%	3.50	2.45	3.00	20.00	2.35	2.75	2.43	95.8%	6	655
84	2	95.1%	2.10	2.00	2.25	21.00	2.90	3.30	3.20	94.1%	20	47
380	29	94.1%	1.75	1.60	1.90	22.00	3.40	3.90	3.57	90.3%	25	1,871
656	11	96.0%	1.35	1.20	1.80	23.00	4.20	4.70	3.08	94.0%	6	216
158	8	95.1%	1.20	1.10	1.35	24.00	4.70	5.40	4.37	87.9%	11	219
1,779	19	95.7%	1.00	0.95	1.10	25.00	5.70	6.20	6.03	92.5%	2	1,170
281	9	94.7%	1.21	0.70	0.95	26.00	6.40	7.10	6.49	91.2%	1	297
591	18	95.9%	0.81	0.60	0.80	27.00	7.40	8.00	5.55	96.0%	2	112
180	25	94.5%	0.55	0.35	0.75	28.00	8.20	8.90	5.37	94.5%	10	82
82	9	102.0%	0.50	0.40	0.75	29.00	8.80	9.80	6.51	84.5%	5	18
866	7	98.5%	0.40	0.40	0.45	30.00	10.10	10.70	7.28	96.9%	1	182
94	1	103.8%	0.65	0.25	0.60	31.00	10.80	11.70	9.89	90.6%	1	19
3,303	7	99.5%	0.38	0.20	0.40	32.00	11.90	12.70	8.65	99.5%	1	56
42	1	106.1%	0.29	0.10	0.55	33.00	12.30	13.60	10.21	125.0%	1	62
37	2	101.6%	0.22	0.10	0.35	34.00	13.30	15.00	10.00	93.5%	6	1,492
277	10	103.1%	0.19	0.15	0.25	35.00	14.50	15.50	12.20	50.0%	2	270
1,804	7	109.6%	0.20	0.10	0.35	36.00	15.70	16.50	13.45	93.8%	2	120
88	5	110.5%	0.19	0.05	0.35	37.00	16.10	17.50	17.10	136.1%	1	195
258	8	104.3%	0.15	0.05	0.20	38.00	16.80	19.00	13.65	170.3%	10	23
343	1	111.3%	0.30	0.00	0.30	39.00	15.90	17.10	16.61	—	1	8
1,582	1	106.6%	0.15	0.05	0.15	40.00	18.70	20.60	19.08	154.5%	2	12
287	272	113.9%	0.40	0.00	0.25	41.00	0.00	0.00	15.80	—	1	0
152	10	107.4%	0.08	0.00	0.15	42.00	0.00	0.00	16.84	—	2	0
22	1	115.2%	0.23	0.00	0.20	43.00	21.60	24.50	19.65	103.9%	1	0
110	5	118.0%	0.17	0.00	0.20	44.00	0.00	0.00	19.96	—	5	0
190	6	132.4%	0.07	0.05	0.30	45.00	23.70	25.60	24.10	171.6%	1	0
94	1	118.0%	0.14	0.00	0.15	46.00	0.00	0.00	19.93	—	1	0
54	1	125.8%	0.10	0.00	0.20	47.00	0.00	0.00	21.90	—	1	0
64	1	122.7%	0.05	0.00	0.15	48.00	26.70	29.10	20.10	211.6%	1	21
59	2	125.0%	0.04	0.00	0.15	49.00	25.10	26.50	25.73	—	2	1
1,025	4	120.3%	0.05	0.00	0.10	50.00	26.90	29.80	31.10	—	423	0
108	2	120.3%	0.05	0.00	0.05	55.00	33.40	36.10	28.30	231.3%	1	22
1,738	3	146.9%	0.05	0.00	0.15	60.00	0.00	0.00	33.10	—	1	0
285	5	155.5%	0.01	0.00	0.15	65.00	—	—	—	—	—	—
307	1	163.3%	0.01	0.00	0.15	70.00	48.70	51.40	47.10	155.5%	50	0
1,035	203	182.4%	0.40	0.00	0.25	75.00	—	—	—	—	—	—
1,002	4	176.9%	0.30	0.00	0.15	80.00	—	—	—	—	—	—
0	1	50.0%	0.20	0.00	0.00	85.00	62.10	66.00	49.22	283.3%	—	0
1,036	1	167.2%	0.05	0.00	0.05	90.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the FLY put/call ratio?

For the November 20, 2026 expiration, the FLY put/call ratio based on open interest is 0.48 (10,741 puts vs 22,319 calls), and 1.11 based on today's volume. A ratio above 1 means more puts than calls.

What is FLY's implied volatility?

At-the-money implied volatility for FLY options expiring November 20, 2026 is about 99.1%, an annualized estimate of how much the market expects Firefly Aerospace stock to move.

How many FLY option expiration dates are there?

FLY has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.