FRVO · Fervo Energy Co · Options Chain

Track FRVO — free

$17.27 -1.63 (-8.62%) At close · Sep 9

Rebalance outlook locked

Market Cap

$5.57B

294.76M

Options Chain

Underlying $17.27 · today Options Calculator

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Positioning

Sep 18, 2026 · 8 days to expiry · 34 contracts · mixed daily-bar sessions · Jun 17, 2026–Sep 9, 2026; 4 unknown

Put / call OI

0.39

Call-heavy positioning

Open interest

29,844

as of Sep 4, 2026

Volume

—

dated and unknown daily-bar sessions

Max pain

$17.50

$0.23 above spot

ATM implied vol

98.5%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Sep 18 8d Oct 16 36d Dec 18 99d Jan 15 127d Mar 19 190d Apr 16 218d

Calls								Puts
OI	Vol	IV	Δ	Bid	Ask	Last	Strike	Last	Bid	Ask	Δ	IV	Vol	OI
—	6	—	—	$14.20	$16.70	$17.10		—	$0.00	$0.05	—	—	—	—
Call · $2.5 In the money Daily-bar session Sep 1, 2026 Quote as of 2026-09-09 19:59:54.261 UTC Last $17.10 Breakeven $19.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this call Put · $2.5 Daily-bar session Unknown Quote as of 2026-09-09 13:59:54.963 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
12	3	—	—	$11.40	$13.00	$13.40		$0.03	$0.00	$0.55	—	—	1	1
Call · $5 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-09 19:59:52.729 UTC Last $13.40 Breakeven $18.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 12 OI effective date Sep 4, 2026 Model this call Put · $5 Daily-bar session Aug 17, 2026 Quote as of 2026-09-09 19:59:31.481 UTC Last $0.03 Breakeven $4.97 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 OI effective date Sep 4, 2026 Model this put
2	6	—	—	$9.20	$11.20	$11.50		$0.03	$0.00	$0.15	—	—	8	8
Call · $7.5 In the money Daily-bar session Sep 1, 2026 Quote as of 2026-09-09 19:59:54.177 UTC Last $11.50 Breakeven $19.00 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 OI effective date Sep 4, 2026 Model this call Put · $7.5 Daily-bar session Sep 1, 2026 Quote as of 2026-09-09 19:58:10.480 UTC Last $0.03 Breakeven $7.47 Implied vol — Delta — Gamma — Theta — Vega — Open interest 8 OI effective date Sep 4, 2026 Model this put
27	50	—	—	$6.50	$8.00	$7.70		$0.02	$0.00	$0.05	—	—	2	35
Call · $10 In the money Daily-bar session Sep 4, 2026 Quote as of 2026-09-09 19:59:26.842 UTC Last $7.70 Breakeven $17.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 27 OI effective date Sep 4, 2026 Model this call Put · $10 Daily-bar session Sep 3, 2026 Quote as of 2026-09-09 13:59:54.947 UTC Last $0.02 Breakeven $9.98 Implied vol — Delta — Gamma — Theta — Vega — Open interest 35 OI effective date Sep 4, 2026 Model this put
85	2	—	—	$4.00	$5.50	$5.90		$0.05	$0.00	$0.05	—	—	106	404
Call · $12.5 In the money Daily-bar session Sep 2, 2026 Quote as of 2026-09-09 19:59:28.310 UTC Last $5.90 Breakeven $18.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 85 OI effective date Sep 4, 2026 Model this call Put · $12.5 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:45.311 UTC Last $0.05 Breakeven $12.45 Implied vol — Delta — Gamma — Theta — Vega — Open interest 404 OI effective date Sep 4, 2026 Model this put
191	12	81.9%	0.879	$2.05	$2.80	$2.60		$0.25	$0.20	$0.30	-0.163	99.8%	53	2.9k
Call · $15 In the money Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:37.072 UTC Last $2.60 Breakeven $17.60 Implied vol 81.9% Delta 0.879 ≈88% ITM Gamma 0.091 Theta -0.026 Vega 0.006 Open interest 191 OI effective date Sep 4, 2026 Model this call Put · $15 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:54.140 UTC Last $0.25 Breakeven $14.75 Implied vol 99.8% Delta -0.163 ≈16% ITM Gamma 0.091 Theta -0.037 Vega 0.007 Open interest 2.9k OI effective date Sep 4, 2026 Model this put
Underlying $17.27
3.1k	84	92.2%	0.495	$0.80	$1.00	$1.00		$1.26	$1.10	$1.40	-0.497	104.9%	151	2.7k
Call · $17.5 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:53.025 UTC Last $1.00 Breakeven $18.50 Implied vol 92.2% Delta 0.495 ≈50% ITM Gamma 0.16 Theta -0.056 Vega 0.011 Open interest 3.1k OI effective date Sep 4, 2026 Model this call Put · $17.5 In the money Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:51.872 UTC Last $1.26 Breakeven $16.24 Implied vol 104.9% Delta -0.497 ≈50% ITM Gamma 0.14 Theta -0.062 Vega 0.011 Open interest 2.7k OI effective date Sep 4, 2026 Model this put
2.4k	824	106.2%	0.214	$0.25	$0.40	$0.35		$3.20	$2.60	$3.70	-0.752	119.9%	34	894
Call · $20 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:59.511 UTC Last $0.35 Breakeven $20.35 Implied vol 106.2% Delta 0.214 ≈21% ITM Gamma 0.101 Theta -0.047 Vega 0.008 Open interest 2.4k OI effective date Sep 4, 2026 Model this call Put · $20 In the money Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:37.072 UTC Last $3.20 Breakeven $16.80 Implied vol 119.9% Delta -0.752 ≈75% ITM Gamma 0.097 Theta -0.056 Vega 0.009 Open interest 894 OI effective date Sep 4, 2026 Model this put
1k	65	—	—	$0.05	$0.20	$0.15		$3.78	$4.70	$6.10	—	—	16	1.3k
Call · $22.5 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:37.125 UTC Last $0.15 Breakeven $22.65 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1k OI effective date Sep 4, 2026 Model this call Put · $22.5 In the money Daily-bar session Sep 8, 2026 Quote as of 2026-09-09 19:59:25.368 UTC Last $3.78 Breakeven $18.72 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.3k OI effective date Sep 4, 2026 Model this put
6.1k	23	—	—	$0.00	$0.10	$0.07		$6.15	$6.90	$8.50	—	—	2	152
Call · $25 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 18:30:11.612 UTC Last $0.07 Breakeven $25.07 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6.1k OI effective date Sep 4, 2026 Model this call Put · $25 In the money Daily-bar session Sep 8, 2026 Quote as of 2026-09-09 19:59:33.392 UTC Last $6.15 Breakeven $18.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 152 OI effective date Sep 4, 2026 Model this put
1.2k	1	—	—	$0.00	$0.10	$0.05		$11.30	$10.90	$13.30	—	—	3	27
Call · $30 Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:55:08.811 UTC Last $0.05 Breakeven $30.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.2k OI effective date Sep 4, 2026 Model this call Put · $30 In the money Daily-bar session Sep 9, 2026 Quote as of 2026-09-09 19:59:51.520 UTC Last $11.30 Breakeven $18.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 27 OI effective date Sep 4, 2026 Model this put
491	40	—	—	$0.00	$0.20	$0.07		$16.53	$15.80	$18.50	—	—	3	30
Call · $35 Daily-bar session Sep 4, 2026 Quote as of 2026-09-09 19:58:50.010 UTC Last $0.07 Breakeven $35.07 Implied vol — Delta — Gamma — Theta — Vega — Open interest 491 OI effective date Sep 4, 2026 Model this call Put · $35 In the money Daily-bar session Sep 8, 2026 Quote as of 2026-09-09 19:59:56.258 UTC Last $16.53 Breakeven $18.47 Implied vol — Delta — Gamma — Theta — Vega — Open interest 30 OI effective date Sep 4, 2026 Model this put
1.3k	5	—	—	$0.00	$0.05	$0.05		$22.40	$21.50	$23.50	—	—	18	18
Call · $40 Daily-bar session Sep 8, 2026 Quote as of 2026-09-09 13:30:04.071 UTC Last $0.05 Breakeven $40.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.3k OI effective date Sep 4, 2026 Model this call Put · $40 In the money Daily-bar session Aug 19, 2026 Quote as of 2026-09-09 19:59:33.157 UTC Last $22.40 Breakeven $17.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 18 OI effective date Sep 4, 2026 Model this put
45	1	—	—	$0.00	$0.60	$0.60		$12.81	$26.50	$28.50	—	—	1	—
Call · $45 Daily-bar session Sep 1, 2026 Quote as of 2026-09-09 19:58:56.661 UTC Last $0.60 Breakeven $45.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 45 OI effective date Sep 4, 2026 Model this call Put · $45 In the money Daily-bar session Jun 17, 2026 Quote as of 2026-09-09 19:59:54.258 UTC Last $12.81 Breakeven $32.19 Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
213	2	—	—	$0.00	$0.10	$0.04		—	$31.50	$33.30	—	—	—	—
Call · $50 Daily-bar session Aug 27, 2026 Quote as of 2026-09-09 19:59:02.567 UTC Last $0.04 Breakeven $50.04 Implied vol — Delta — Gamma — Theta — Vega — Open interest 213 OI effective date Sep 4, 2026 Model this call Put · $50 In the money Daily-bar session Unknown Quote as of 2026-09-09 19:59:52.292 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
45	191	—	—	$0.00	$0.70	$0.15		—	$36.50	$38.30	—	—	—	—
Call · $55 Daily-bar session Jul 30, 2026 Quote as of 2026-09-09 19:58:56.661 UTC Last $0.15 Breakeven $55.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 45 OI effective date Sep 4, 2026 Model this call Put · $55 In the money Daily-bar session Unknown Quote as of 2026-09-09 19:59:52.293 UTC Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest — OI effective date — Model this put
5.2k	5.1k	—	—	$0.00	$0.20	$0.05		—	$41.50	$43.30	—	—	—	—
Call · $60 Daily-bar session Sep 3, 2026 Quote as of 2026-09-09 19:59:53.043 UTC Last $0.05 Breakeven $60.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5.2k OI effective date Sep 4, 2026 Model this call Put · $60 In the money Daily-bar session Unknown Quote as of 2026-09-09 19:59:52.293 UTC Last — Breakeven — 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 · Jun 17, 2026–Sep 9, 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 1853868 CUSIP 31556C106 13F (30d) 133 filings 133 filers Visit website Investor relations