Fervo Energy (FRVO) Options Chain

NASDAQ: FRVOUtilitiesElectric Utilities: CentralUSD

13.75-0.05 (-0.36%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $13.75
Put/call ratio (OI): 1.26
Put/call ratio (volume): 1.25
ATM implied volatility: 98.3%
Expected move: ±$4.47
Open interest (C / P): 4.67K / 5.88K

FRVO options summary

The FRVO options chain for the November 20, 2026 expiration lists 11 call and 8 put contracts, with 40 days until expiration. Open interest stands at 4,667 calls and 5,879 puts, a put/call ratio of 1.26, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $12.50 strike is 98.3%, which implies the market expects a move of about ±$4.47 (32.5%) in Fervo Energy stock by expiration.

The most open interest sits at the $15.00 call (2.59K contracts) and the $12.50 put (4.62K contracts).

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

FRVO options chain · November 20, 2026

FRVO 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
0	—	300.0%	14.60	10.40	12.30	2.50	—	—	—	—	—	—
1	1	199.2%	9.00	8.00	9.80	5.00	—	—	—	—	—	—
105	290	116.0%	6.30	5.90	6.80	7.50	0.00	0.70	0.10	160.9%	—	13
36	4	82.6%	3.80	3.70	4.20	10.00	0.25	0.35	0.35	94.1%	11	351
513	2	96.0%	2.20	2.15	2.60	12.50	1.00	1.40	1.16	100.6%	444	4,624
FRVO $13.75
2,586	62	98.5%	1.35	1.10	1.55	15.00	2.45	2.75	2.82	99.9%	51	691
902	10	102.3%	0.75	0.70	0.80	17.50	4.30	5.00	4.56	111.5%	13	190
446	26	102.9%	0.39	0.30	0.50	20.00	6.40	7.20	6.60	114.7%	1	2
39	1	115.6%	0.30	0.15	0.50	22.50	8.60	9.30	8.40	102.2%	3	7
21	2	101.6%	0.20	0.00	0.20	25.00	—	—	—	—	—	—
18	20	157.8%	0.23	0.00	0.65	30.00	15.60	17.20	12.90	134.0%	1	1

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 FRVO put/call ratio?

For the November 20, 2026 expiration, the FRVO put/call ratio based on open interest is 1.26 (5,879 puts vs 4,667 calls), and 1.25 based on today's volume. A ratio above 1 means more puts than calls.

What is FRVO's implied volatility?

At-the-money implied volatility for FRVO options expiring November 20, 2026 is about 98.3%, an annualized estimate of how much the market expects Fervo Energy stock to move.

How many FRVO option expiration dates are there?

FRVO has 8 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.