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First Watch Restaurant FWRG

US equityMarket cap rank #3569Restaurants
$10.50 −$0.11 (-1.04%)
Pre-market · Oct 8, 8:20 am ET · After hours $10.40 -0.95%
Open$10.52
Prev close$10.61
Day range$10.31 – $10.64
Volume1.80M
Market cap$647.98M
P/E (TTM)37.5
Dividend yield–

Average implied volatility across the listed chain right now: 169%. 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

2.505.007.5010131518202325CallsPuts

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

-74%222%519%816%2.501325CallsPuts

The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.

Calls

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $10.00 $0.81 $0.15/$1.00 0 94 39%
16 Oct 2026 $12.50 $0.05 $0.00/$0.75 36 1,828 81%
16 Oct 2026 $7.50 $3.11 $2.40/$4.00 0 0 205%
16 Oct 2026 $15.00 $0.00 $0.00/$0.75 0 26 74%
16 Oct 2026 $5.00 $5.61 $4.90/$6.70 0 0 432%
16 Oct 2026 $17.50 $0.00 $0.00/$0.75 0 0 95%
16 Oct 2026 $2.50 $8.11 $7.30/$9.20 0 0 741%
16 Oct 2026 $20.00 $0.00 $0.00/$0.75 0 0 118%
16 Oct 2026 $22.50 $0.00 $0.00/$0.75 0 0 137%
16 Oct 2026 $25.00 $0.00 $0.00/$0.75 0 0 155%

Puts

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $10.00 $0.23 $0.05/$0.50 0 155 79%
16 Oct 2026 $12.50 $1.96 $1.60/$2.70 0 306 113%
16 Oct 2026 $7.50 $0.00 $0.00/$0.75 0 0 73%
16 Oct 2026 $15.00 $4.42 $3.70/$5.30 0 0 1%
16 Oct 2026 $5.00 $0.00 $0.00/$0.75 0 0 141%
16 Oct 2026 $17.50 $6.92 $6.20/$7.70 0 0 0%
16 Oct 2026 $2.50 $0.00 $0.00/$0.20 0 0 267%
16 Oct 2026 $20.00 $9.41 $8.70/$10.20 0 0 0%
16 Oct 2026 $22.50 $11.91 $11.20/$12.80 0 0 1%
16 Oct 2026 $25.00 $14.41 $13.80/$15.30 0 0 291%

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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