What move does the options market price into Fermi's report?

Implied ±23.3%, either direction.

FRMINasdaqReal Estate Investment Trusts

Fermi Inc. (FRMI) earnings date, market-implied expected move, and options open interest by expiry

1.83

−0.20 · −10.04%

post 1.83 −0.04%

After hours18:19 ETdelayed

Open2.00Volume36.9MMkt cap$1.2BEPS-1.45

Day1.82 – 2.084%52-wk1.80 – 28.900%

FRMI

Fermi Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±23.3%implied · report alone

1.402.24

straddle ±23.4%

spot 1.82exp Nov 13ATM strike 2ATM straddle 0.50IV 202%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

after close · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

−13.16%

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Linked news

1dXEL · supplierXcel Energy prices $2,200,000,000 of 2.625% convertible notes due 2027
7dGEV · supplierGE Vernova reports Q3 net income of $1,289 million; revenues $12,642 million

News

Largest filed tie

13F top-10 QoQ

+141.56%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

304 managers

Top fund weight

0.00%

FRMI weight · VTI

N-PORTJun 30 '26

1 fund

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Fermi (FRMI) is expected to report on Nov 9 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 13 '26confirmed—▼−13.16%—

quarterimplied−15%0+15%realized×

Q2 FY26—▼−13.16%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 8 expiries · Oct 16 close

1.03OI · 8 expiries · Oct 16 closeP/C open interest · Nov 13 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

912−5%Nov 62d0.165,672+8%0.16

report · Nov 9 · after close · est.

1,727+2114%Nov 139d1,678+735%

23,807+1%Nov 2016d0.16149,538+1%0.16

194—Nov 2723d0.48406—0.48

4 later expiries

45,1180%Dec 1844d0.8056,497+2%0.80

48,839+1%Jan 1572d0.28177,2500%0.28

11,290+11%Feb 19107d0.4226,640+39%0.42

595+62%Mar 19135d0.105,751+2337%0.10

ExpiryPutsCallsP/C

Nov 62d912−5%5,672+8%0.16

report · Nov 9 · after close · est.

Nov 139d1,727+2114%1,678+735%1.03

Nov 2016d23,807+1%149,538+1%0.16

Nov 2723d194—406—0.48

4 later expiries

Dec 1844d45,1180%56,497+2%0.80

Jan 1572d48,839+1%177,2500%0.28

Feb 19107d11,290+11%26,640+39%0.42

Mar 19135d595+62%5,751+2337%0.10

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±23.4%

Funds 1

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

No filed income statement.

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:15 ET

Intraday

Event sensitivity

CPI ×1.23· ±7.0% vs ±5.7% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±7.0%8 of 10×1.23

PPIproducer prices±6.6%3 of 10×1.16

GDPgross domestic product±5.4%5 of 10×0.94

PCEpersonal income & outlays±5.1%5 of 10×0.90

FOMCrate decision±5.0%3 of 8×0.88

NFPjobs report±4.5%5 of 10×0.80

CPROFcorporate profits±4.4%4 of 7×0.77

Bar = avg |move| to ±7% · tick = ±5.7% avg day · ×base = |move| ÷ ±5.7% · min 6 releases

Earnings history

EPS -0.04 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 13 '26 · confirmed	-0.04	—
Q1 FY26	—	-0.30	—
Q3 FY25	—	-0.84	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod