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: Jan 15, 2027
Days to expiration: 96
Share price: $13.75
Put/call ratio (OI): 0.31
Put/call ratio (volume): 0.34
ATM implied volatility: 98.0%
Expected move: ±$6.91
Open interest (C / P): 8.51K / 2.63K

FRVO options summary

The FRVO options chain for the January 15, 2027 expiration lists 16 call and 11 put contracts, with 96 days until expiration. Open interest stands at 8,507 calls and 2,629 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 98.0%, which implies the market expects a move of about ±$6.91 (50.2%) in Fervo Energy stock by expiration.

The most open interest sits at the $20.00 call (3.25K contracts) and the $12.50 put (650 contracts).

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

FRVO options chain · January 15, 2027

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
7	1	146.5%	8.60	8.40	9.60	5.00	—	—	—	—	—	—
1	1	117.8%	7.30	6.10	7.40	7.50	0.00	0.95	0.17	115.6%	—	6
40	3	93.5%	4.70	4.30	4.90	10.00	0.50	1.00	0.84	88.2%	1	380
142	19	102.3%	3.40	3.00	3.80	12.50	1.70	2.15	1.95	93.6%	2	650
FRVO $13.75
1,333	104	100.4%	2.30	2.10	2.60	15.00	3.20	3.90	3.50	98.6%	1	640
490	1	97.8%	1.50	1.35	1.80	17.50	4.90	5.60	5.30	95.1%	1	148
3,248	56	101.2%	1.10	1.10	1.25	20.00	7.10	7.60	7.45	98.2%	2	593
254	55	113.7%	0.89	0.80	1.45	22.50	9.10	9.90	7.70	97.6%	2	25
1,737	2	101.6%	0.70	0.50	0.70	25.00	11.50	12.20	11.67	101.7%	1	68
105	49	111.1%	0.45	0.30	0.60	30.00	15.30	17.40	14.00	81.0%	100	11
74	5	110.0%	0.31	0.05	0.45	35.00	16.80	18.10	15.75	—	1	11
255	3	129.5%	0.47	0.00	0.70	40.00	25.30	27.30	22.49	93.4%	2	97
13	1	139.3%	0.46	0.00	0.70	45.00	—	—	—	—	—	—
8	1	160.8%	0.60	0.00	1.05	50.00	—	—	—	—	—	—
46	27	155.3%	0.15	0.00	0.70	55.00	—	—	—	—	—	—
754	1	143.6%	0.20	0.00	0.35	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 FRVO put/call ratio?

For the January 15, 2027 expiration, the FRVO put/call ratio based on open interest is 0.31 (2,629 puts vs 8,507 calls), and 0.34 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 January 15, 2027 is about 98.0%, 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.