First Watch Restaurant Group, Inc. (FWRG) Options Statistics & Positioning

First Watch Restaurant Group, Inc. (FWRG) options trade at a 30-day at-the-money implied volatility of 56.6%, an IV rank of 20 out of 100 over the past year. The options market prices a ±$0.97 (±7.8%) move in FWRG for the front expiration. Max pain sits at $12.5 and the put/call open interest ratio is 3.09. 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

$12.42

52-week range

$10.25 – $19.17

ATM IV (30d)

56.6%

IV rank

20 / 100

Low

Expected move

±$0.97 (±7.8%)

Put/call OI

3.09

Put-heavy

Max pain

$12.5

↑ 0.6% above close

Next earnings

Aug 4, 2026

Most Active FWRG Contracts

Contract	Expiration	DTE	Last	IV	Volume
FWRG $12.5 call	Jul 17, 2026	7d	$0.58	56.6%	2

See all active FWRG contracts →

Explore FWRG Options Statistics

FWRG Implied Volatility

56.6% ATM IV (30d)

An IV rank of 20 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

FWRG Open Interest

3.09 put/call OI ratio

1,677 calls and 5,185 puts outstanding across all expirations.

Full open interest analysis →

FWRG Max Pain

$12.5 max pain

0.6% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

FWRG Gamma Exposure

-$813.55K net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

FWRG Options Volume

2 contracts traded

Put/call volume ratio 0.00 — plus contracts running far above their usual volume.

Full volume & flow analysis →

FWRG Most Active Options

$12.5 top volume strike

The 25 most actively traded FWRG contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

FWRG's next expected earnings date is Aug 4, 2026. Options currently price a ±$0.97 (±7.8%) move for the front expiration.

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FWRG Options FAQ

When is FWRG's next earnings date?

FWRG's next expected earnings date is Aug 4, 2026. Options currently price a ±$0.97 (±7.8%) move for the front expiration.

How often is FWRG options data on this page updated?

All FWRG 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 FWRG max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated FWRG 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.