Forward Air (FWRD) Options Chain

NASDAQ: FWRDIndustrialsIntegrated Freight & LogisticsUSD

15.64-0.68 (-4.17%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $15.64
Put/call ratio (OI): 0.18
Put/call ratio (volume): 0.35
ATM implied volatility: 79.1%
Expected move: ±$6.34
Open interest (C / P): 7.39K / 1.32K

FWRD options summary

The FWRD options chain for the January 15, 2027 expiration lists 16 call and 13 put contracts, with 96 days until expiration. Open interest stands at 7,388 calls and 1,322 puts, a put/call ratio of 0.18, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 79.1%, which implies the market expects a move of about ±$6.34 (40.6%) in Forward Air stock by expiration.

The most open interest sits at the $30.00 call (2.23K contracts) and the $55.00 put (839 contracts).

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

FWRD options chain · January 15, 2027

FWRD 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
1	—	—	8.90	8.00	9.80	2.50	0.00	0.00	0.22	50.0%	2	0
36	6	—	6.80	7.30	10.60	5.00	0.10	0.90	2.30	192.2%	—	1
105	20	78.5%	6.00	4.60	8.20	7.50	0.55	2.85	1.55	216.5%	15	3
13	2	212.8%	4.10	6.80	10.30	10.00	0.05	0.80	0.50	84.6%	3	52
0	1	—	6.70	0.00	0.00	12.50	0.05	1.90	1.10	76.8%	1	116
114	2	87.0%	4.00	1.30	4.80	15.00	1.55	2.30	2.10	71.2%	1	38
FWRD $15.64
0	20	6.3%	5.23	0.00	0.00	17.50	3.00	3.80	3.50	69.5%	1	160
1,052	5	92.4%	1.36	0.45	2.75	20.00	0.00	0.00	4.20	—	1	0
531	25	76.3%	1.35	0.40	1.00	22.50	10.60	13.70	12.30	225.3%	1	108
1,284	20	77.0%	0.41	0.25	0.65	25.00	0.00	0.00	3.85	—	10	0
2,230	3	84.6%	0.15	0.05	0.50	30.00	0.00	0.00	14.43	—	6	0
838	1	92.0%	0.10	0.00	0.40	35.00	—	—	—	—	—	—
759	12	105.3%	0.05	0.00	0.45	40.00	—	—	—	—	—	—
0	2	50.0%	0.50	0.00	0.00	45.00	20.50	25.50	26.50	—	1	5
425	1	206.7%	0.80	0.00	3.80	50.00	—	—	—	—	—	—
0	1	50.0%	0.05	0.00	0.00	55.00	17.00	21.00	23.90	—	—	839

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 FWRD put/call ratio?

For the January 15, 2027 expiration, the FWRD put/call ratio based on open interest is 0.18 (1,322 puts vs 7,388 calls), and 0.35 based on today's volume. A ratio above 1 means more puts than calls.

What is FWRD's implied volatility?

At-the-money implied volatility for FWRD options expiring January 15, 2027 is about 79.1%, an annualized estimate of how much the market expects Forward Air stock to move.

How many FWRD option expiration dates are there?

FWRD has 6 listed expiration dates, from Oct 16, 2026 to Dec 17, 2027.

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.