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: Apr 16, 2027
Days to expiration: 187
Share price: $13.75
Put/call ratio (OI): 0.41
Put/call ratio (volume): 1.66
ATM implied volatility: 99.3%
Expected move: ±$9.77
Open interest (C / P): 5.37K / 2.23K

FRVO options summary

The FRVO options chain for the April 16, 2027 expiration lists 17 call and 15 put contracts, with 187 days until expiration. Open interest stands at 5,372 calls and 2,226 puts, a put/call ratio of 0.41, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 99.3%, which implies the market expects a move of about ±$9.77 (71.1%) in Fervo Energy stock by expiration.

The most open interest sits at the $60.00 call (1.67K contracts) and the $10.00 put (830 contracts).

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

FRVO options chain · April 16, 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
2	2	164.1%	10.89	10.60	12.30	2.50	0.00	0.00	0.60	50.0%	—	0
6	1	120.7%	9.60	8.50	9.80	5.00	—	—	—	—	—	—
24	5	109.1%	7.30	6.60	7.80	7.50	0.40	0.80	0.75	90.6%	10	81
79	50	105.2%	5.36	5.20	6.10	10.00	1.45	1.85	1.45	96.4%	10	830
98	28	102.2%	4.40	4.00	4.80	12.50	2.70	3.20	2.80	96.4%	2	282
FRVO $13.75
327	13	99.4%	3.50	3.10	3.70	15.00	4.20	4.90	4.60	96.8%	201	693
355	20	103.1%	2.92	2.40	3.30	17.50	6.00	6.70	6.50	96.8%	10	88
358	7	100.9%	2.13	1.95	2.50	20.00	7.90	8.90	8.28	99.0%	100	106
655	3	98.8%	1.85	0.85	2.60	22.50	9.40	11.10	9.99	92.6%	2	56
445	36	102.3%	1.80	1.15	1.90	25.00	11.40	13.30	12.65	89.9%	2	27
288	1	108.7%	1.00	1.00	1.50	30.00	0.00	0.00	14.05	—	14	0
271	1	112.7%	0.90	0.65	1.40	35.00	20.30	22.90	18.73	85.2%	2	21
425	10	117.5%	0.92	0.60	1.20	40.00	25.10	27.70	22.50	79.5%	5	10
9	1	105.8%	1.24	0.00	0.90	45.00	—	—	—	—	—	—
344	37	123.8%	0.70	0.40	1.00	50.00	0.00	0.00	29.63	—	1	0
13	2	134.8%	0.60	0.00	1.65	55.00	39.80	42.50	37.36	150.4%	—	1
1,673	1	125.2%	0.42	0.00	1.00	60.00	42.60	45.60	35.06	—	2	31

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 April 16, 2027 expiration, the FRVO put/call ratio based on open interest is 0.41 (2,226 puts vs 5,372 calls), and 1.66 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 April 16, 2027 is about 99.3%, 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.