FRMI · Fermi Inc.

Track FRMI — free

$5.12 +0.26 (+5.35%) At close · Sep 4

Russell 1000 member Rebalance outlook locked

Market Cap

$3.28B

640.47M

Options Chain

Underlying $5.12 · at close Sep 4, 2026 Options Calculator

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Positioning

Sep 11, 2026 · 3 days to expiry · 50 contracts · mixed daily-bar sessions · Aug 11, 2026–Sep 4, 2026; 4 unknown

Put / call OI

3.22

Put-heavy positioning

Open interest

27,774

as of Sep 3, 2026

Volume

—

dated and unknown daily-bar sessions

Max pain

$6.00

$0.88 above spot

ATM implied vol

109.6%

market's expected move

Open interest by strike

Calls Puts

1.5

2.5

3.5

4.5

5.5

6.5

7.5

8.5

9.5

10.5

11.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Sep 11 3d Sep 18 10d Sep 25 17d Oct 2 24d Oct 9 31d Oct 16 38d Oct 23 45d Nov 20 73d Dec 18 101d Jan 15 129d Feb 19 164d Jun 17 282d Jan 21 500d Dec 15 829d

Calls								Puts
OI	Vol	IV	Δ	Bid	Ask	Last	Strike	Last	Bid	Ask	Δ	IV	Vol	OI
13	1	—	—	$3.50	$4.60	$3.85		—	$0.00	$0.05	—	—	—	—
Call · $1 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:47.271 UTC Last $3.85 Breakeven $4.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 13 OI effective date Sep 3, 2026 Model this call Put · $1 Daily-bar session Unknown Quote as of 2026-09-04 13:30:01.044 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
5	1	—	—	$3.20	$3.90	$3.46		—	$0.00	$0.35	—	—	—	—
Call · $1.5 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:41.083 UTC Last $3.46 Breakeven $4.96 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 OI effective date Sep 3, 2026 Model this call Put · $1.5 Daily-bar session Unknown Quote as of 2026-09-04 19:59:57.405 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
1	2	—	—	$2.50	$3.60	$3.75		—	$0.00	$0.25	—	—	—	—
Call · $2 In the money Daily-bar session Aug 19, 2026 Quote as of 2026-09-04 19:59:44.971 UTC Last $3.75 Breakeven $5.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 OI effective date Sep 3, 2026 Model this call Put · $2 Daily-bar session Unknown Quote as of 2026-09-04 19:59:57.405 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
3	4	—	—	$2.00	$2.70	$3.35		—	$0.00	$0.05	—	—	—	—
Call · $2.5 In the money Daily-bar session Aug 19, 2026 Quote as of 2026-09-04 19:59:44.972 UTC Last $3.35 Breakeven $5.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 OI effective date Sep 3, 2026 Model this call Put · $2.5 Daily-bar session Unknown Quote as of 2026-09-04 16:34:36.543 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
1	1	—	—	$1.50	$2.60	$1.65		$0.03	$0.00	$0.25	—	—	1	1
Call · $3 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:55.165 UTC Last $1.65 Breakeven $4.65 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 OI effective date Sep 3, 2026 Model this call Put · $3 Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:57.406 UTC Last $0.03 Breakeven $2.97 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 OI effective date Sep 3, 2026 Model this put
17	1	—	—	$1.00	$1.90	$1.25		$0.02	$0.00	$0.35	—	—	2	9
Call · $3.5 In the money Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 19:59:41.202 UTC Last $1.25 Breakeven $4.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 17 OI effective date Sep 3, 2026 Model this call Put · $3.5 Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:50.019 UTC Last $0.02 Breakeven $3.48 Implied vol — Delta — Gamma — Theta — Vega — Open interest 9 OI effective date Sep 3, 2026 Model this put
33	10	—	—	$0.95	$1.30	$1.02		$0.05	$0.00	$0.05	—	—	1	109
Call · $4 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:59.989 UTC Last $1.02 Breakeven $5.02 Implied vol — Delta — Gamma — Theta — Vega — Open interest 33 OI effective date Sep 3, 2026 Model this call Put · $4 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:55.168 UTC Last $0.05 Breakeven $3.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 109 OI effective date Sep 3, 2026 Model this put
173	79	118.2%	0.869	$0.60	$0.75	$0.67		$0.07	$0.05	$0.10	-0.17	142.9%	25	16.9k
Call · $4.5 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:54.135 UTC Last $0.67 Breakeven $5.17 Implied vol 118.2% Delta 0.869 ≈87% ITM Gamma 0.335 Theta -0.017 Vega 0.001 Open interest 173 OI effective date Sep 3, 2026 Model this call Put · $4.5 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:46.647 UTC Last $0.07 Breakeven $4.43 Implied vol 142.9% Delta -0.17 ≈17% ITM Gamma 0.33 Theta -0.024 Vega 0.001 Open interest 16.9k OI effective date Sep 3, 2026 Model this put
367	1.1k	108.1%	0.613	$0.25	$0.35	$0.25		$0.19	$0.15	$0.20	-0.389	111.1%	467	749
Call · $5 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:55.635 UTC Last $0.25 Breakeven $5.25 Implied vol 108.1% Delta 0.613 ≈61% ITM Gamma 0.66 Theta -0.028 Vega 0.002 Open interest 367 OI effective date Sep 3, 2026 Model this call Put · $5 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:59.958 UTC Last $0.19 Breakeven $4.81 Implied vol 111.1% Delta -0.389 ≈39% ITM Gamma 0.643 Theta -0.028 Vega 0.002 Open interest 749 OI effective date Sep 3, 2026 Model this put
Underlying $5.12
1.2k	653	121.9%	0.316	$0.10	$0.15	$0.15		$0.50	$0.45	$0.55	-0.679	125.3%	157	627
Call · $5.5 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:59.968 UTC Last $0.15 Breakeven $5.65 Implied vol 121.9% Delta 0.316 ≈32% ITM Gamma 0.543 Theta -0.029 Vega 0.002 Open interest 1.2k OI effective date Sep 3, 2026 Model this call Put · $5.5 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:57.735 UTC Last $0.50 Breakeven $5.00 Implied vol 125.3% Delta -0.679 ≈68% ITM Gamma 0.533 Theta -0.03 Vega 0.002 Open interest 627 OI effective date Sep 3, 2026 Model this put
644	71	—	—	$0.05	$0.10	$0.10		$0.95	$0.90	$1.00	—	—	37	604
Call · $6 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:27.179 UTC Last $0.10 Breakeven $6.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 644 OI effective date Sep 3, 2026 Model this call Put · $6 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:56.581 UTC Last $0.95 Breakeven $5.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 604 OI effective date Sep 3, 2026 Model this put
652	10	—	—	$0.00	$0.05	$0.05		$1.90	$1.25	$1.70	—	—	6	1.8k
Call · $6.5 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:49:54.917 UTC Last $0.05 Breakeven $6.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 652 OI effective date Sep 3, 2026 Model this call Put · $6.5 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:56.134 UTC Last $1.90 Breakeven $4.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.8k OI effective date Sep 3, 2026 Model this put
1.2k	5	—	—	$0.00	$0.10	$0.03		$2.15	$1.80	$2.25	—	—	1	10
Call · $7 Daily-bar session Aug 31, 2026 Quote as of 2026-09-04 19:59:56.586 UTC Last $0.03 Breakeven $7.03 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.2k OI effective date Sep 3, 2026 Model this call Put · $7 In the money Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 19:58:50.088 UTC Last $2.15 Breakeven $4.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 OI effective date Sep 3, 2026 Model this put
115	1	—	—	$0.00	$0.15	$0.11		$2.97	$2.05	$2.75	—	—	3	33
Call · $7.5 Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 19:59:48.024 UTC Last $0.11 Breakeven $7.61 Implied vol — Delta — Gamma — Theta — Vega — Open interest 115 OI effective date Sep 3, 2026 Model this call Put · $7.5 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:55.166 UTC Last $2.97 Breakeven $4.53 Implied vol — Delta — Gamma — Theta — Vega — Open interest 33 OI effective date Sep 3, 2026 Model this put
294	1	—	—	$0.00	$0.10	$0.07		$3.22	$2.40	$3.50	—	—	10	33
Call · $8 Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:25:03.945 UTC Last $0.07 Breakeven $8.07 Implied vol — Delta — Gamma — Theta — Vega — Open interest 294 OI effective date Sep 3, 2026 Model this call Put · $8 In the money Daily-bar session Sep 1, 2026 Quote as of 2026-09-04 19:59:44.972 UTC Last $3.22 Breakeven $4.78 Implied vol — Delta — Gamma — Theta — Vega — Open interest 33 OI effective date Sep 3, 2026 Model this put
142	9	—	—	$0.00	$0.15	$0.05		$3.77	$3.10	$4.00	—	—	2	31
Call · $8.5 Daily-bar session Aug 27, 2026 Quote as of 2026-09-04 19:59:57.406 UTC Last $0.05 Breakeven $8.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 142 OI effective date Sep 3, 2026 Model this call Put · $8.5 In the money Daily-bar session Sep 1, 2026 Quote as of 2026-09-04 19:59:55.165 UTC Last $3.77 Breakeven $4.73 Implied vol — Delta — Gamma — Theta — Vega — Open interest 31 OI effective date Sep 3, 2026 Model this put
670	4	—	—	$0.00	$0.10	$0.05		$4.45	$3.60	$4.50	—	—	4	14
Call · $9 Daily-bar session Aug 25, 2026 Quote as of 2026-09-04 19:59:59.635 UTC Last $0.05 Breakeven $9.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 670 OI effective date Sep 3, 2026 Model this call Put · $9 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:55.165 UTC Last $4.45 Breakeven $4.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 14 OI effective date Sep 3, 2026 Model this put
31	22	—	—	$0.00	$0.05	$0.05		$4.44	$4.10	$4.80	—	—	1	55
Call · $9.5 Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 13:30:01.129 UTC Last $0.05 Breakeven $9.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 31 OI effective date Sep 3, 2026 Model this call Put · $9.5 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:44.974 UTC Last $4.44 Breakeven $5.06 Implied vol — Delta — Gamma — Theta — Vega — Open interest 55 OI effective date Sep 3, 2026 Model this put
114	22	—	—	$0.00	$0.05	$0.02		$5.30	$4.80	$5.20	—	—	1	161
Call · $10 Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 14:56:39.856 UTC Last $0.02 Breakeven $10.02 Implied vol — Delta — Gamma — Theta — Vega — Open interest 114 OI effective date Sep 3, 2026 Model this call Put · $10 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:55.165 UTC Last $5.30 Breakeven $4.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 161 OI effective date Sep 3, 2026 Model this put
432	1	—	—	$0.00	$0.05	$0.10		$5.92	$5.10	$5.50	—	—	2	20
Call · $10.5 Daily-bar session Aug 14, 2026 Quote as of 2026-09-04 14:56:38.975 UTC Last $0.10 Breakeven $10.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 432 OI effective date Sep 3, 2026 Model this call Put · $10.5 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:27.636 UTC Last $5.92 Breakeven $4.58 Implied vol — Delta — Gamma — Theta — Vega — Open interest 20 OI effective date Sep 3, 2026 Model this put
425	9	—	—	$0.00	$0.05	$0.05		$4.08	$5.30	$6.50	—	—	3	3
Call · $11 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 14:56:38.975 UTC Last $0.05 Breakeven $11.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 425 OI effective date Sep 3, 2026 Model this call Put · $11 In the money Daily-bar session Aug 11, 2026 Quote as of 2026-09-04 19:59:44.970 UTC Last $4.08 Breakeven $6.92 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 OI effective date Sep 3, 2026 Model this put
52	9	—	—	$0.00	$0.10	$0.01		$6.70	$6.20	$6.50	—	—	3	2
Call · $11.5 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:59.915 UTC Last $0.01 Breakeven $11.51 Implied vol — Delta — Gamma — Theta — Vega — Open interest 52 OI effective date Sep 3, 2026 Model this call Put · $11.5 In the money Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 19:59:27.543 UTC Last $6.70 Breakeven $4.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 OI effective date Sep 3, 2026 Model this put
2	1	—	—	$0.00	$0.30	$0.08		$7.18	$6.70	$7.10	—	—	2	4
Call · $12 Daily-bar session Aug 24, 2026 Quote as of 2026-09-04 19:59:57.406 UTC Last $0.08 Breakeven $12.08 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 OI effective date Sep 3, 2026 Model this call Put · $12 In the money Daily-bar session Sep 3, 2026 Quote as of 2026-09-04 19:59:27.524 UTC Last $7.18 Breakeven $4.82 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 OI effective date Sep 3, 2026 Model this put
4	4	—	—	$0.00	$0.35	$0.10		$8.32	$7.70	$8.10	—	—	4	1
Call · $13 Daily-bar session Aug 11, 2026 Quote as of 2026-09-04 19:59:57.406 UTC Last $0.10 Breakeven $13.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 OI effective date Sep 3, 2026 Model this call Put · $13 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-04 19:59:27.974 UTC Last $8.32 Breakeven $4.68 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 OI effective date Sep 3, 2026 Model this put
—	1	—	—	$0.00	$0.20	$0.11		$9.58	$8.50	$9.50	—	—	1	—
Call · $14 Daily-bar session Sep 4, 2026 Quote as of 2026-09-04 19:59:57.406 UTC Last $0.11 Breakeven $14.11 Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this call Put · $14 In the money Daily-bar session Sep 1, 2026 Quote as of 2026-09-04 19:59:55.166 UTC Last $9.58 Breakeven $4.42 Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put

About this data

Each contract's last price, day range and volume belong to the daily-bar session shown in its details; unknown means the source omitted that timestamp. Open interest has its own effective date shown separately; implied volatility and greeks are model values computed when fetched. This chain has mixed daily-bar sessions · Aug 11, 2026–Sep 4, 2026; 4 unknown. Positioning totals are shown only when every returned open-interest value has the same known effective date. Bid and ask are real-time consolidated OPRA readings.

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 2071778 CUSIP 314911108 13F (30d) 185 filings 185 filers Visit website Investor relations