Fermi (FRMI) Options Chain

NASDAQ: FRMIReal EstateReal Estate Investment TrustsUSD

3.48-0.185 (-5.05%)

Market open · Delayed 15 min · as of Oct 9, 12:34 PM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $3.47
Put/call ratio (OI): 0.75
Put/call ratio (volume): 2.13
ATM implied volatility: 118.8%
Expected move: ±$0.2154
Open interest (C / P): 12.38K / 9.24K

FRMI options summary

The FRMI options chain for the October 9, 2026 expiration lists 19 call and 16 put contracts, expiring today. Open interest stands at 12,382 calls and 9,244 puts, a put/call ratio of 0.75, which is fairly balanced between calls and puts. At-the-money implied volatility near the $3.50 strike is 118.8%, which implies the market expects a move of about ±$0.2154 (6.2%) in Fermi stock by expiration.

The most open interest sits at the $6.00 call (4.63K contracts) and the $4.00 put (8.74K contracts).

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

FRMI options chain · October 9, 2026

FRMI 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
575	7	1725.0%	2.54	2.40	2.65	1.00	—	—	—	—	—	—
374	9	1331.3%	2.00	1.95	2.15	1.50	—	—	—	—	—	—
218	4	850.0%	1.55	1.45	1.60	2.00	—	—	—	—	—	—
2	4	637.5%	1.15	0.45	0.95	3.00	—	—	—	—	—	—
FRMI $3.47
177	41	125.0%	0.11	0.05	0.10	3.50	0.00	0.10	0.05	112.5%	24	112
944	57	231.3%	0.04	0.00	0.05	4.00	0.40	0.65	0.47	403.1%	16	8,741
1,983	19	350.0%	0.01	0.00	0.05	4.50	0.85	1.10	0.99	456.3%	4	257
1,087	15	450.0%	0.02	0.00	0.05	5.00	1.30	1.60	1.47	568.8%	18	53
692	15	693.8%	0.01	0.00	0.15	5.50	1.95	2.10	2.00	668.8%	9	4
4,626	3	612.5%	0.06	0.00	0.05	6.00	2.35	2.65	2.48	875.0%	1	8
383	5	675.0%	0.05	0.00	0.05	6.50	2.90	3.10	2.97	825.0%	52	9
493	1	737.5%	0.02	0.00	0.05	7.00	3.40	3.60	3.49	893.8%	1	29
317	1	787.5%	0.01	0.00	0.05	7.50	3.80	4.10	3.97	950.0%	2	21
470	2	837.5%	0.02	0.00	0.05	8.00	4.40	4.70	4.40	775.0%	6	0
32	2	887.5%	0.05	0.00	0.05	8.50	4.40	5.40	4.92	1687.5%	19	5
4	1	1396.9%	0.03	0.00	0.35	9.00	4.90	5.90	5.30	1746.9%	1	1
2	—	1443.8%	0.05	0.00	0.35	9.50	5.40	6.30	5.88	1625.0%	5	0
2	1	1306.3%	0.09	0.00	0.20	10.00	6.30	6.60	6.45	1193.8%	110	0
—	—	—	—	—	—	10.50	6.70	7.10	6.90	1231.3%	113	1
1	1	1075.0%	0.17	0.00	0.05	11.00	7.30	7.60	7.35	1268.8%	20	3

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 FRMI put/call ratio?

For the October 9, 2026 expiration, the FRMI put/call ratio based on open interest is 0.75 (9,244 puts vs 12,382 calls), and 2.13 based on today's volume. A ratio above 1 means more puts than calls.

What is FRMI's implied volatility?

At-the-money implied volatility for FRMI options expiring October 9, 2026 is about 118.8%, an annualized estimate of how much the market expects Fermi stock to move.

How many FRMI option expiration dates are there?

FRMI has 16 listed expiration dates, from Oct 9, 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.