FRME · First Merchants Corp

Track FRME — free Ask ALVIS about FRME

$43.13 +1.24 (+2.96%) At close · Jul 24

Market Cap

$2.72B

63.02M

Options Chain

15-min delayed Underlying $43.13 · today Options Calculator

Positioning

Aug 21, 2026 · 26 days to expiry · 18 contracts

Put / call OI

0.00

Call-heavy positioning

Open interest

contracts outstanding

Volume

traded today

Max pain

$45.00

$1.87 above spot

ATM implied vol

34.7%

market's expected move

Open interest by strike

Calls Puts

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 26d Sep 18 54d Dec 18 145d Mar 19 236d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	147.1%	0.968	—		—	—	—	—	0
Call · $22.5 In the money Last — Breakeven — Implied vol 147.1% Delta 0.968 ≈97% ITM Gamma 0.004 Theta -0.022 Vega 0.008 Open interest 0 Model this call Put · $22.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	126.1%	0.964	—		—	—	—	—	0
Call · $25 In the money Last — Breakeven — Implied vol 126.1% Delta 0.964 ≈96% ITM Gamma 0.006 Theta -0.021 Vega 0.009 Open interest 0 Model this call Put · $25 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	94.4%	0.944	—		—	—	—	—	0
Call · $30 In the money Last — Breakeven — Implied vol 94.4% Delta 0.944 ≈94% ITM Gamma 0.011 Theta -0.023 Vega 0.016 Open interest 0 Model this call Put · $30 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	59.9%	0.918	—		—	-0.104	68%	—	0
Call · $35 In the money Last — Breakeven — Implied vol 59.9% Delta 0.918 ≈92% ITM Gamma 0.022 Theta -0.02 Vega 0.018 Open interest 0 Model this call Put · $35 Last — Breakeven — Implied vol 68% Delta -0.104 ≈10% ITM Gamma 0.023 Theta -0.028 Vega 0.018 Open interest 0 Model this put
0	—	32.2%	0.824	—		—	-0.196	35.8%	—	0
Call · $40 In the money Last — Breakeven — Implied vol 32.2% Delta 0.824 ≈82% ITM Gamma 0.07 Theta -0.018 Vega 0.029 Open interest 0 Model this call Put · $40 Last — Breakeven — Implied vol 35.8% Delta -0.196 ≈20% ITM Gamma 0.068 Theta -0.022 Vega 0.029 Open interest 0 Model this put
Underlying $43.13
1	1	38.2%	0.361	$3.00		—	-0.673	31.2%	—	0
Call · $45 Last $3.00 Breakeven $48.00 Implied vol 38.2% Delta 0.361 ≈36% ITM Gamma 0.086 Theta -0.032 Vega 0.041 Open interest 1 Model this call Put · $45 In the money Last — Breakeven — Implied vol 31.2% Delta -0.673 ≈67% ITM Gamma 0.101 Theta -0.025 Vega 0.041 Open interest 0 Model this put
0	—	—	—	—		—	-0.924	37.8%	—	0
Call · $50 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $50 In the money Last — Breakeven — Implied vol 37.8% Delta -0.924 ≈92% ITM Gamma 0.034 Theta -0.011 Vega 0.021 Open interest 0 Model this put
0	—	—	—	—		—	-0.943	55.2%	—	0
Call · $55 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $55 In the money Last — Breakeven — Implied vol 55.2% Delta -0.943 ≈94% ITM Gamma 0.019 Theta -0.013 Vega 0.013 Open interest 0 Model this put
0	—	—	—	—		—	-0.952	70.9%	—	0
Call · $60 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $60 In the money Last — Breakeven — Implied vol 70.9% Delta -0.952 ≈95% ITM Gamma 0.013 Theta -0.014 Vega 0.013 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 712534 CUSIP 320817109 13F (30d) 51 filings 51 filers Visit website Investor relations