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FRMI Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete FRMI options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around FRMI.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
7.5
Exp: 2026-02-06
Gamma Flip
8.53
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.587
Shows put vs call positioning
IV Skew
-6.47
Put–call IV difference
Max Pain Price Volatility
σ = 5.00
low volatility
Confidence 56%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 83%

Current DPI is 0.102(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for FRMI are at 7.78, 7.46, and 5.41, while the resistance levels are at 8.22, 8.54, and 10.59. The pivot point, a key reference price for traders, is at 7.50.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.10), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 6.25% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 7.60 8.69 , corresponding to +8.69% / -5.02% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.


Bullish flow suggests upside interest toward 9.05 (13.12% above spot).

Bearish positioning points to downside pressure toward 7.50 (6.29% below spot).


Options flow strength: 0.57 (0–1 scale). ATM Strike: 8.00, Call: 0.10, Put: 0.40, Straddle Cost: 0.50.


Price moves may extend once a direction forms. The short-term gamma flip is near 8.71 , with intermediate positioning around 8.53 . The mid-term gamma flip remains near 8.54.