Fermi (FRMI) Options Chain

NASDAQ: FRMIReal EstateReal Estate Investment TrustsUSD

3.43-0.23 (-6.28%)

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

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 12
Share price: $3.43
Put/call ratio (OI): 2.22
Put/call ratio (volume): 0.38
ATM implied volatility: 95.3%
Expected move: ±$0.5928
Open interest (C / P): 11.45K / 25.38K

FRMI options summary

The FRMI options chain for the October 23, 2026 expiration lists 17 call and 15 put contracts, with 12 days until expiration. Open interest stands at 11,445 calls and 25,384 puts, a put/call ratio of 2.22, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $3.50 strike is 95.3%, which implies the market expects a move of about ±$0.5928 (17.3%) in Fermi stock by expiration.

The most open interest sits at the $6.50 call (5.02K contracts) and the $3.50 put (21.24K contracts).

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

FRMI options chain · October 23, 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
362	1	575.0%	3.09	2.80	3.10	0.50	0.00	0.05	0.03	600.0%	2	3
378	724	375.0%	3.04	2.30	2.60	1.00	—	—	—	—	—	—
4	—	309.4%	3.46	1.65	2.30	1.50	—	—	—	—	—	—
1	1	290.6%	2.13	1.30	1.80	2.00	0.00	0.05	0.03	187.5%	1	1
—	—	—	—	—	—	2.50	0.00	0.10	0.04	145.3%	—	1
FRMI $3.43
73	12	99.2%	0.24	0.15	0.30	3.50	0.25	0.30	0.28	91.4%	13	21,242
34	33	109.4%	0.13	0.05	0.15	4.00	0.60	0.75	0.62	110.9%	259	535
114	25	120.3%	0.05	0.00	0.10	4.50	0.90	1.20	0.68	165.6%	52	2,217
4,430	8	128.1%	0.05	0.00	0.05	5.00	1.45	1.85	1.53	171.9%	3	1,231
71	2	150.0%	0.06	0.00	0.05	5.50	1.60	2.35	1.96	303.9%	1	26
688	1	171.9%	0.03	0.00	0.05	6.00	2.10	2.80	1.35	307.8%	1	3
5,016	5	218.8%	0.03	0.00	0.10	6.50	2.90	3.30	3.02	196.9%	2	94
141	10	206.3%	0.03	0.00	0.05	7.00	3.30	3.70	3.55	297.7%	2	8
43	4	221.9%	0.02	0.00	0.05	7.50	3.70	4.40	2.08	421.9%	—	22
73	70	234.4%	0.05	0.00	0.05	8.00	—	—	—	—	—	—
6	—	250.0%	0.15	0.00	0.05	8.50	4.60	5.40	4.93	457.0%	2	0
7	2	259.4%	0.01	0.00	0.05	9.00	—	—	—	—	—	—
4	3	281.3%	0.05	0.00	0.05	10.00	6.20	6.90	6.00	500.0%	—	1
—	—	—	—	—	—	10.50	6.70	7.50	7.03	300.0%	2	0

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 23, 2026 expiration, the FRMI put/call ratio based on open interest is 2.22 (25,384 puts vs 11,445 calls), and 0.38 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 23, 2026 is about 95.3%, an annualized estimate of how much the market expects Fermi stock to move.

How many FRMI option expiration dates are there?

FRMI has 15 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.