FIRST MERCHANTS CORP (FRME) Options Statistics & Positioning

FIRST MERCHANTS CORP (FRME) options trade at a 30-day at-the-money implied volatility of 150.3%, an IV rank of 50 out of 100 over the past year. The options market prices a ±$8.74 (±20.8%) move in FRME for the front expiration. Max pain sits at $45 and the put/call open interest ratio is 0.41. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$42.02

52-week range

$30.81 – $91.20

ATM IV (30d)

150.3%

IV rank

50 / 100

Moderate

Expected move

±$8.74 (±20.8%)

Put/call OI

0.41

Call-heavy

Max pain

$45

↑ 7.1% above close

Next earnings

Aug 3, 2026

Explore FRME Options Statistics

FRME Implied Volatility

150.3% ATM IV (30d)

An IV rank of 50 places implied volatility in the middle of its 52-week range.

Full implied volatility analysis →

FRME Open Interest

0.41 put/call OI ratio

17 calls and 7 puts outstanding across all expirations.

Full open interest analysis →

FRME Max Pain

$45 max pain

7.1% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

FRME Gamma Exposure

$32.18K net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

Upcoming Earnings

FRME's next expected earnings date is Aug 3, 2026. Options currently price a ±$8.74 (±20.8%) move for the front expiration.

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FRME Options FAQ

When is FRME's next earnings date?

FRME's next expected earnings date is Aug 3, 2026. Options currently price a ±$8.74 (±20.8%) move for the front expiration.

How often is FRME options data on this page updated?

All FRME statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see FRME max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated FRME pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.