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

Implied ±16.0%, either direction.

FRMINasdaqReal Estate Investment Trusts

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

1.57

Closed17:48 ET

Open1.57Volume28.7MMkt cap$1.0BEPS-1.45

Day1.46 – 1.6078%52-wk1.44 – 25.701%

FRMI

Fermi Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.0%implied · report alone

1.321.82

straddle ±17.6%

spot 1.57exp Nov 13ATM strike 1.5ATM straddle 0.33IV 182%

Nov 6 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

after close · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−13.16%

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Linked news

1dGEV · supplierGE Vernova to support India’s energy transition with 6 GW HVDC transmission project
1dXEL · supplierXcel Energy issues $2,500,000,000 2.625% convertible senior notes due 2027

News

Largest filed tie

13F top-10 QoQ

+141.56%

shares held · 10 largest managers

13F · Jun 30 '26130d 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 · 9 expiries · Nov 6 close

0.24OI · 9 expiries · Nov 6 closeP/C open interest · Nov 13 · first expiry after the report

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

2,557−14%Nov 136d10,823+5%

27,283−8%Nov 2013d0.17160,8200%0.17

850−38%Nov 2720d0.571,4900%0.57

379—Dec 427d0.221,708—0.22

128+8%Dec 1134d0.85150+3%0.85

4 later expiries

38,749−15%Dec 1841d0.6262,744+1%0.62

57,276+8%Jan 1569d0.28

ExpiryPutsCallsP/C

Nov 136d2,557−14%10,823+5%0.24

Nov 2013d27,283−8%160,8200%0.17

Nov 2720d850−38%1,4900%0.57

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

Positioning

Linked exposure

scenario · straddle±17.6%

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 6 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:45 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