Forward Air FWRD
$16.64 −$0.29 (-1.71%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $17.00 +2.16%
Open$16.93
Prev close$16.93
Day range$16.61 – $18.10
Volume355.3K
Market cap$562.11M
P/E (TTM)–
Dividend yield–
Average implied volatility across the listed chain right now: 252%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $17.50 | $1.20 | $0.80/$1.30 | 0 | 188 | 114% |
| 20 Nov 2026 | $15.00 | $3.15 | $1.20/$4.10 | 0 | 1 | 145% |
| 20 Nov 2026 | $20.00 | $0.53 | $0.05/$2.05 | 0 | 8 | 175% |
| 20 Nov 2026 | $12.50 | $5.24 | $3.10/$6.20 | 0 | 1 | 177% |
| 20 Nov 2026 | $22.50 | $0.20 | $0.00/$2.70 | 0 | 52 | 124% |
| 20 Nov 2026 | $10.00 | $7.43 | $5.40/$8.90 | 0 | 0 | 268% |
| 20 Nov 2026 | $25.00 | $0.07 | $0.00/$2.50 | 0 | 2 | 123% |
| 20 Nov 2026 | $7.50 | $9.71 | $7.90/$11.30 | 0 | 0 | 371% |
| 20 Nov 2026 | $5.00 | $12.06 | $10.30/$13.20 | 0 | 0 | 375% |
| 20 Nov 2026 | $30.00 | $0.01 | $0.00/$2.30 | 0 | 3 | 122% |
| 20 Nov 2026 | $2.50 | $14.48 | $12.90/$16.30 | 0 | 0 | 849% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $17.50 | $1.78 | $1.20/$2.45 | 1 | 11 | 109% |
| 20 Nov 2026 | $15.00 | $1.18 | $0.45/$0.90 | 0 | 2 | 115% |
| 20 Nov 2026 | $20.00 | $3.55 | $2.25/$4.70 | 0 | 0 | 80% |
| 20 Nov 2026 | $12.50 | $0.77 | $0.00/$2.55 | 0 | 10 | 214% |
| 20 Nov 2026 | $22.50 | $5.73 | $4.10/$7.20 | 0 | 0 | 0% |
| 20 Nov 2026 | $10.00 | $0.47 | $0.00/$2.45 | 0 | 0 | 263% |
| 20 Nov 2026 | $25.00 | $8.11 | $6.20/$9.60 | 0 | 0 | 0% |
| 20 Nov 2026 | $7.50 | $0.25 | $0.00/$2.35 | 0 | 2 | 316% |
| 20 Nov 2026 | $5.00 | $0.11 | $0.00/$1.15 | 0 | 0 | 378% |
| 20 Nov 2026 | $30.00 | $13.07 | $11.20/$14.70 | 0 | 0 | 0% |
| 20 Nov 2026 | $2.50 | $0.03 | $0.00/$0.05 | 0 | 0 | 465% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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