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: Dec 18, 2026
Days to expiration: 68
Share price: $3.43
Put/call ratio (OI): 0.81
Put/call ratio (volume): 0.19
ATM implied volatility: 105.9%
Expected move: ±$1.57
Open interest (C / P): 55.54K / 45.11K

FRMI options summary

The FRMI options chain for the December 18, 2026 expiration lists 17 call and 17 put contracts, with 68 days until expiration. Open interest stands at 55,539 calls and 45,113 puts, a put/call ratio of 0.81, which is fairly balanced between calls and puts. At-the-money implied volatility near the $4.00 strike is 105.9%, which implies the market expects a move of about ±$1.57 (45.7%) in Fermi stock by expiration.

The most open interest sits at the $7.50 call (13.21K contracts) and the $5.00 put (19.64K contracts).

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

FRMI options chain · December 18, 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
20	1	284.4%	2.50	2.15	2.60	1.00	0.00	0.10	0.05	196.9%	71	91
243	1	118.8%	1.25	1.05	1.30	2.50	0.10	0.30	0.15	107.4%	29	2,774
FRMI $3.43
579	23	109.8%	0.47	0.40	0.50	4.00	0.90	1.05	0.95	102.0%	2	14,614
2,244	818	112.1%	0.25	0.20	0.30	5.00	1.70	1.85	1.79	103.1%	11	19,635
4,529	23	115.6%	0.16	0.10	0.20	6.00	2.45	2.95	2.70	110.9%	1	3,136
13,206	2	128.1%	0.10	0.05	0.15	7.50	3.90	4.20	4.11	137.1%	1	3,883
7,171	10	128.1%	0.05	0.00	0.10	9.00	5.20	5.70	4.40	157.0%	1	417
11,200	11	137.5%	0.05	0.00	0.10	10.00	6.30	6.90	6.00	126.6%	2	95
503	1	157.8%	0.05	0.00	0.15	11.00	7.30	7.70	6.24	178.1%	20	434
590	1	157.8%	0.05	0.00	0.10	12.50	8.70	9.20	7.60	190.6%	1	9
79	50	168.0%	0.11	0.00	0.10	14.00	8.20	8.90	7.30	—	—	2
5,725	2	174.2%	0.04	0.00	0.10	15.00	11.10	11.80	10.63	237.1%	1	0
112	2	179.7%	0.10	0.00	0.10	16.00	10.10	10.70	9.00	—	4	13
282	1	187.5%	0.05	0.00	0.10	17.50	13.70	14.40	12.70	276.2%	4	0
1,838	1	193.8%	0.05	0.00	0.10	19.00	13.00	13.80	11.70	—	6	8
4,326	16	179.7%	0.02	0.00	0.05	20.00	16.10	16.90	15.05	289.1%	31	0
2,892	1	187.5%	0.05	0.00	0.05	22.00	15.50	17.10	17.50	—	1	2

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 December 18, 2026 expiration, the FRMI put/call ratio based on open interest is 0.81 (45,113 puts vs 55,539 calls), and 0.19 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 December 18, 2026 is about 105.9%, 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.