First Merchants (FRME) Options Chain
NASDAQ: FRMEFinanceMajor BanksUSD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Dec 18, 2026
- Days to expiration
- 70
- Share price
- $39.59
- Put/call ratio (OI)
- 0.00
- Put/call ratio (volume)
- 0.50
- Expected move
- ±$1.08
- Open interest (C / P)
- 1 / 0
FRME options summary
The FRME options chain for the December 18, 2026 expiration lists 3 call and 1 put contracts, with 70 days until expiration. Open interest stands at 1 calls and 0 puts, a put/call ratio of 0.00, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $45.00 strike is 6.3%, which implies the market expects a move of about ±$1.08 (2.7%) in First Merchants stock by expiration.
The most open interest sits at the $25.00 call (1 contracts) and the $45.00 put (0 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
FRME options chain · December 18, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 16.70 | 13.10 | 18.00 | 25.00 | — | — | — | |||||
| 0.10 | 0.00 | 0.00 | 45.00 | 0.00 | 0.00 | 5.15 | |||||
| 0.05 | 0.00 | 0.00 | 60.00 | — | — | — | |||||
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 FRME put/call ratio?
For the December 18, 2026 expiration, the FRME put/call ratio based on open interest is 0.00 (0 puts vs 1 calls), and 0.50 based on today's volume. A ratio above 1 means more puts than calls.
What is FRME's implied volatility?
At-the-money implied volatility for FRME options expiring December 18, 2026 is about 6.3%, an annualized estimate of how much the market expects First Merchants stock to move.
How many FRME option expiration dates are there?
FRME has 2 listed expiration dates, from Dec 18, 2026 to Mar 19, 2027.
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.