Options

FER options

Figures as of 6 Oct 2026

The options figures are from the close on 6 Oct 2026.

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At a glance

FigureValueDate
Expected move, from option prices40.16 to 56.53 by 20 Nov (down 22.0%, up 9.9%)6 Oct
Call wall and put wall60 and 506 Oct
Last close51.466 Oct

Options Snapshot

FER's at the money implied volatility is 50.8 percent on 6 Oct 2026.

FigureValue
IV rankNot stated, 0 weeks of record
At the money IV50.8%, near month, 45 days
Put/call ratio, open interest0.83
Call open interest, strikes captured near the price1,510 contracts
Put open interest, strikes captured near the price1,260 contracts
Cost to trade at the moneyWide, 116.4% of the option's mid price

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Expected Move

On 6 Oct 2026, the option prices for FER implied an expected move of 40.16 to 56.53 by 20 Nov 2026. That is 22.0 percent down and 9.9 percent up.

ExpiryDaysDownUpRange
16 Oct 2026107.7%8.3%47.51 to 55.75
20 Nov 20264522.0%9.9%40.16 to 56.53
18 Dec 20267324.1%23.9%39.06 to 63.76
19 Mar 202716427.6%25.3%37.26 to 64.46

The range is one standard deviation either side of the close of 51.46, as the option prices imply it.

An expected move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Gamma Map

On 6 Oct 2026, FER's call wall is the 60 strike and its put wall is the 50 strike.

FigureValue
Call wall, most open call gamma60
Put wall, most open put gamma50
Zero gamma, where net gamma would change sign55.07
Net gamma exposure (GEX), calls minus putsminus $41,170
Total gamma exposure (GEX), both sides$225,856
Close51.46

Gamma exposure (GEX) is dollar gamma, stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Zero gamma is where calls minus puts gamma would change sign if the price moved there, holding tonight's contracts fixed. It assumes hedgers hold the calls and sold the puts, which the chain cannot show. On our August to October 2026 captures, names below it moved no more than names above it.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Volatility History

On 6 Oct 2026, FER's at the money IV is 50.8 percent against 20 day realized volatility of 25.0 percent.

FigureValue
At the money IV50.8%
Realized volatility, 20 trading days25.0%
Realized volatility, 60 trading days23.6%

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Volatility Weather

On 6 Oct 2026, FER's at the money IV runs from 52.7 percent at 10 days to 40.1 percent at 164 days.

Days to expiryAt the money IV
1052.7%
4550.8%
7353.3%
16440.1%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Volatility Surface

On 6 Oct 2026, FER's surface spans 4 expiries out to 164 days, with IV from 35.1 to 69.0 percent near the price.

FigureValue
Expiries captured4
Nearest expiry16 Oct 2026, 10 days
Farthest expiry19 Mar 2027, 164 days
Points within 10% of the price, 7 days out or more8
Lowest IV among them35.1%
Highest IV among them69.0%

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Expiry Ladder

On 6 Oct 2026, FER has 4 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
16 Oct 20261052.7%55421
20 Nov 20264550.8%814
18 Dec 20267353.3%263578
19 Mar 202716440.1%1,186247

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Strike Table

On 6 Oct 2026, FER's largest open interest sits at the 50 strike, with 631 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
50170461631
405901591
6045576531
55208140348
7018306324
7525178203

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Changed Hands

On 6 Oct 2026, 289 FER option contracts traded.

FigureValue
Calls traded240
Puts traded49
Open interest, whole chain2,919 contracts
Volume to open interest0.10
Unusual volume flagNo

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 6 Oct 2026. Current on every plan.

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Price Chart

FER closed at 51.46 on 6 Oct 2026.

FigureValue
Last close51.46
Change over 5 trading days-5.7%
Change over 21 trading days-11.4%
Change over 63 trading days-20.0%
Change over 252 trading days-13.9%
52 week high74.79
52 week low50.76
20 day moving average54.75
50 day moving average59.51
200 day moving average65.64
RSI, 14 days26

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 6 Oct 2026. Current on every plan.

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Seasonality

In the 2 Octobers on record, FER's average change was minus 0.8 percent, and it rose in 50.0 percent of them.

MonthAverage changeMiddle changeShare of years upYears
October-0.8%-0.8%50.0%2
November+4.8%+4.8%100.0%2
December-0.1%-0.1%50.0%2

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 6 Oct 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming FER in the 3 days to 6 Oct 2026.

FigureValue
Headlines in the window2
Latest6 Oct 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 6 Oct 2026. Current on every plan.

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Questions

What is FER's implied volatility?
FER's at the money implied volatility is 50.8 percent on 6 Oct 2026.
What is FER's expected move?
On 6 Oct 2026, the option prices for FER implied an expected move of 40.16 to 56.53 by 20 Nov 2026. That is 22.0 percent down and 9.9 percent up.
Where are FER's call wall and put wall?
On 6 Oct 2026, FER's call wall is the 60 strike and its put wall is the 50 strike.

Ask an AI about FER

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Example prompt: “What is FER's IV rank, what move are its options pricing, and where are its call wall and put wall?”

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