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: Dec 17, 2027
Days to expiration: 432
Share price: $15.64
Put/call ratio (OI): 0.15
Put/call ratio (volume): 0.06
ATM implied volatility: 75.7%
Expected move: ±$12.88
Open interest (C / P): 6.00K / 879

FWRD options summary

The FWRD options chain for the December 17, 2027 expiration lists 14 call and 10 put contracts, with 432 days until expiration. Open interest stands at 6,000 calls and 879 puts, a put/call ratio of 0.15, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 75.7%, which implies the market expects a move of about ±$12.88 (82.4%) in Forward Air stock by expiration.

The most open interest sits at the $30.00 call (2.73K contracts) and the $30.00 put (467 contracts).

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

FWRD options chain · December 17, 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
24	2	—	12.50	13.60	18.00	2.50	0.00	0.90	0.11	141.2%	11	238
0	1	—	14.84	0.00	0.00	5.00	0.00	4.90	0.45	185.1%	4	5
9	4	173.6%	8.70	10.10	14.00	7.50	0.05	4.70	2.15	123.2%	—	1
585	40	131.9%	7.50	8.30	11.40	10.00	—	—	—	—	—	—
35	15	126.2%	6.88	6.60	11.00	12.50	0.05	4.80	3.16	63.5%	—	3
469	22	85.2%	5.60	5.20	6.40	15.00	1.60	6.40	4.10	66.2%	1	4
FWRD $15.64
168	2	81.6%	5.98	2.70	6.90	17.50	—	—	—	—	—	—
0	20	6.3%	7.10	0.00	0.00	20.00	—	—	—	—	—	—
103	102	200.0%	6.43	8.00	13.00	22.50	6.60	11.40	9.06	59.8%	3	5
1,847	10	79.5%	2.55	2.35	3.70	25.00	6.00	10.50	9.80	50.1%	24	156
2,726	515	82.6%	2.67	0.65	4.40	30.00	15.00	16.20	15.84	61.7%	3	467
0	18	12.5%	3.30	0.00	0.00	35.00	—	—	—	—	—	—
19	2	97.2%	1.15	0.30	4.70	40.00	13.50	17.10	13.57	—	—	0
15	2	102.4%	0.90	0.05	4.90	45.00	0.00	0.00	20.10	—	—	0

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 December 17, 2027 expiration, the FWRD put/call ratio based on open interest is 0.15 (879 puts vs 6,000 calls), and 0.06 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 December 17, 2027 is about 75.7%, 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.