FRVO · Fervo Energy Co

Track FRVO — free Ask ALVIS about FRVO

$24.03 -2.35 (-8.89%) At close · Jul 24

Market Cap

$7.08B

294.64M

Options Chain

15-min delayed Underlying $24.03 · today Options Calculator

Positioning

Aug 21, 2026 · 27 days to expiry · 20 contracts

Put / call OI

0.30

Call-heavy positioning

Open interest

5,873

contracts outstanding

Volume

750

traded today

Max pain

$25.00

$0.98 above spot

ATM implied vol

105.9%

market's expected move

Open interest by strike

Calls Puts

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 27d Sep 18 55d Dec 18 146d Jan 15 174d Mar 19 237d Apr 16 265d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
2	2	—	—	$9.28		$0.17	-0.062	130.8%	1	38
Call · $15 In the money Last $9.28 Breakeven $24.28 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $15 Last $0.17 Breakeven $14.83 Implied vol 130.8% Delta -0.062 ≈6% ITM Gamma 0.014 Theta -0.019 Vega 0.009 Open interest 38 Model this put
0	—	128%	0.868	—		$0.35	-0.088	99%	4	115
Call · $17.5 In the money Last — Breakeven — Implied vol 128% Delta 0.868 ≈87% ITM Gamma 0.025 Theta -0.035 Vega 0.014 Open interest 0 Model this call Put · $17.5 Last $0.35 Breakeven $17.15 Implied vol 99% Delta -0.088 ≈9% ITM Gamma 0.025 Theta -0.019 Vega 0.01 Open interest 115 Model this put
40	1	107.1%	0.793	$8.04		$0.95	-0.206	106.2%	26	487
Call · $20 In the money Last $8.04 Breakeven $28.04 Implied vol 107.1% Delta 0.793 ≈79% ITM Gamma 0.041 Theta -0.039 Vega 0.02 Open interest 40 Model this call Put · $20 Last $0.95 Breakeven $19.05 Implied vol 106.2% Delta -0.206 ≈21% ITM Gamma 0.041 Theta -0.037 Vega 0.02 Open interest 487 Model this put
69	1	96.7%	0.665	$4.01		$1.79	-0.337	97.2%	42	291
Call · $22.5 In the money Last $4.01 Breakeven $26.51 Implied vol 96.7% Delta 0.665 ≈66% ITM Gamma 0.058 Theta -0.045 Vega 0.025 Open interest 69 Model this call Put · $22.5 Last $1.79 Breakeven $20.71 Implied vol 97.2% Delta -0.337 ≈34% ITM Gamma 0.058 Theta -0.043 Vega 0.025 Open interest 291 Model this put
Underlying $24.03
289	259	98.4%	0.511	$2.50		$3.20	-0.476	113.3%	7	235
Call · $25 Last $2.50 Breakeven $27.50 Implied vol 98.4% Delta 0.511 ≈51% ITM Gamma 0.062 Theta -0.049 Vega 0.026 Open interest 289 Model this call Put · $25 In the money Last $3.20 Breakeven $21.80 Implied vol 113.3% Delta -0.476 ≈48% ITM Gamma 0.054 Theta -0.054 Vega 0.026 Open interest 235 Model this put
2.3k	81	98.1%	0.255	$1.10		$5.20	-0.853	69.9%	22	123
Call · $30 Last $1.10 Breakeven $31.10 Implied vol 98.1% Delta 0.255 ≈25% ITM Gamma 0.05 Theta -0.039 Vega 0.019 Open interest 2.3k Model this call Put · $30 In the money Last $5.20 Breakeven $24.80 Implied vol 69.9% Delta -0.853 ≈85% ITM Gamma 0.053 Theta -0.018 Vega 0.013 Open interest 123 Model this put
353	12	113.9%	0.152	$1.15		$11.58	—	—	28	62
Call · $35 Last $1.15 Breakeven $36.15 Implied vol 113.9% Delta 0.152 ≈15% ITM Gamma 0.032 Theta -0.033 Vega 0.014 Open interest 353 Model this call Put · $35 In the money Last $11.58 Breakeven $23.42 Implied vol — Delta — Gamma — Theta — Vega — Open interest 62 Model this put
701	259	114.6%	0.074	$0.30		$15.62	—	—	2	9
Call · $40 Last $0.30 Breakeven $40.30 Implied vol 114.6% Delta 0.074 ≈7% ITM Gamma 0.018 Theta -0.02 Vega 0.009 Open interest 701 Model this call Put · $40 In the money Last $15.62 Breakeven $24.38 Implied vol — Delta — Gamma — Theta — Vega — Open interest 9 Model this put
29	2	155.9%	0.102	$0.30		—	—	—	—	0
Call · $45 Last $0.30 Breakeven $45.30 Implied vol 155.9% Delta 0.102 ≈10% ITM Gamma 0.018 Theta -0.035 Vega 0.016 Open interest 29 Model this call Put · $45 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
765	1	154.4%	0.064	$0.25		—	-0.93	160.2%	—	0
Call · $50 Last $0.25 Breakeven $50.25 Implied vol 154.4% Delta 0.064 ≈6% ITM Gamma 0.012 Theta -0.024 Vega 0.01 Open interest 765 Model this call Put · $50 In the money Last — Breakeven — Implied vol 160.2% Delta -0.93 ≈93% ITM Gamma 0.014 Theta -0.024 Vega 0.009 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 1853868 CUSIP 31556C106 13F (30d) 13 filings 13 filers Visit website Investor relations