First Watch Restaurant Group (FWRG) Options Chain
NASDAQ: FWRGConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $10.98
- Put/call ratio (OI)
- 1.50
- Put/call ratio (volume)
- 0.18
- Expected move
- ±$2.91
- Open interest (C / P)
- 1.71K / 2.56K
FWRG options summary
The FWRG options chain for the November 20, 2026 expiration lists 8 call and 4 put contracts, with 40 days until expiration. Open interest stands at 1,705 calls and 2,560 puts, a put/call ratio of 1.50, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $10.00 strike is 80.1%, which implies the market expects a move of about ±$2.91 (26.5%) in First Watch Restaurant Group stock by expiration.
The most open interest sits at the $15.00 call (912 contracts) and the $7.50 put (2.04K contracts).
Summary generated from market data by MetaCap's automated system. Methodology
FWRG options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 9.26 | 7.60 | 11.70 | 2.50 | — | — | — | |||||
| 6.40 | 5.20 | 6.90 | 5.00 | — | — | — | |||||
| 3.13 | 2.90 | 4.70 | 7.50 | 0.00 | 0.15 | 0.10 | |||||
| 1.40 | 1.00 | 2.55 | 10.00 | 0.10 | 1.10 | 0.50 | |||||
| 0.50 | 0.00 | 0.75 | 12.50 | 1.10 | 2.25 | 2.17 | |||||
| 0.09 | 0.00 | 0.40 | 15.00 | — | — | — | |||||
| 0.20 | 0.00 | 0.70 | 17.50 | 6.40 | 8.10 | 5.00 | |||||
| 0.05 | 0.00 | 0.85 | 20.00 | — | — | — | |||||
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 FWRG put/call ratio?
For the November 20, 2026 expiration, the FWRG put/call ratio based on open interest is 1.50 (2,560 puts vs 1,705 calls), and 0.18 based on today's volume. A ratio above 1 means more puts than calls.
What is FWRG's implied volatility?
At-the-money implied volatility for FWRG options expiring November 20, 2026 is about 80.1%, an annualized estimate of how much the market expects First Watch Restaurant Group stock to move.
How many FWRG option expiration dates are there?
FWRG has 4 listed expiration dates, from Oct 16, 2026 to May 21, 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.