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 21, 2028
Days to expiration: 468
Share price: $13.75
Put/call ratio (OI): 0.31
Put/call ratio (volume): 1.73
ATM implied volatility: 94.2%
Expected move: ±$14.67
Open interest (C / P): 10.23K / 3.19K

FRVO options summary

The FRVO options chain for the January 21, 2028 expiration lists 11 call and 5 put contracts, with 468 days until expiration. Open interest stands at 10,226 calls and 3,187 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 94.2%, which implies the market expects a move of about ±$14.67 (106.7%) in Fervo Energy stock by expiration.

The most open interest sits at the $15.00 call (3.19K contracts) and the $10.00 put (3.08K contracts).

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

FRVO options chain · January 21, 2028

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	—	89.1%	14.76	10.10	12.60	2.50	—	—	—	—	—	—
28	6	119.6%	9.80	9.00	11.10	5.00	—	—	—	—	—	—
9	4	100.5%	8.90	7.10	9.40	7.50	0.30	2.60	1.75	84.3%	—	2
45	31	107.1%	7.55	6.50	8.40	10.00	1.55	4.20	2.95	88.2%	50	3,082
43	3	99.6%	6.00	5.80	6.70	12.50	4.00	4.90	4.50	88.9%	50	36
FRVO $13.75
3,192	6	103.6%	5.80	5.00	6.50	15.00	5.10	6.50	6.10	82.3%	25	56
99	4	101.6%	4.92	4.40	5.70	17.50	6.70	9.10	7.90	86.4%	1	11
1,966	6	98.2%	4.40	3.90	4.80	20.00	—	—	—	—	—	—
12	2	97.9%	3.80	2.70	5.10	22.50	—	—	—	—	—	—
1,714	9	93.8%	4.00	2.45	4.10	25.00	—	—	—	—	—	—
3,118	2	96.1%	3.12	2.05	3.60	30.00	—	—	—	—	—	—

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 21, 2028 expiration, the FRVO put/call ratio based on open interest is 0.31 (3,187 puts vs 10,226 calls), and 1.73 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 21, 2028 is about 94.2%, 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.