null Option on FirstEnergy

FE Stock  USD 48.54  -1.15  -2.31%   
For April 17, 2026, FirstEnergy lists 36 contracts (16 calls, 20 puts). Moneyness is distributed across 10 in-the-money calls, 6 out-of-the-money calls, 6 in-the-money puts, and 14 out-of-the-money puts. The largest open-interest clusters are near the 50.0 call strike and the 35.0 put strike. Max pain for this expiration is estimated near strike 49.0. Across this chain snapshot, the combined implied volatility measure is about 0.53. Current open interest is 7.4 K puts versus 3.5 K calls (put/call OI ratio: 2.13); put-side open interest dominates. Recent trading volume is 70.0 puts versus 130 calls (put/call volume ratio: 0.54); call-side recent volume dominates.

Open Interest Across April 17th 2026 Options

FirstEnergy Maximum Pain Price for 2026-04-17 Options

Max pain estimate is near strike 49.0.

Moneyness Snapshot for FirstEnergy

Current moneyness split: 10 in-the-money calls, 6 out-of-the-money calls, 6 in-the-money puts, and 14 out-of-the-money puts.
Multi-period data points to Stock Based Compensation dropping, with a projected shift of 4.76%. The preceding year’s Stock Based Compensation stood at 74.7 Million.

Call Balance for FirstEnergy

Call contracts: 10 in-the-money vs 6 out-of-the-money.

FirstEnergy Current Options Market Mood

Open interest totals 7.4 K puts vs 3.5 K calls (put/call 2.13). Recent volume totals 70.0 puts vs 130 calls (put/call 0.54).

Open Interest Balance

Put/Call Volume

Rule 16 for the current FirstEnergy contract

Applying Rule 16 to implied volatility yields an estimated daily move of 3.31% for 2026-04-17 options. Given FirstEnergy trading around $ 48.54, the move is about $ 1.61 per day.
  

Option Chain

For FirstEnergy, a call contract is considered in the money if FirstEnergy's market price exceeds the strike. Calls gain intrinsic value as FirstEnergy's share price rises above the strike, while puts gain value as it falls below.
FirstEnergy's option chain organizes all listed contracts by strike price and expiration for FirstEnergy. Key metrics like bid-ask spreads and open interest reveal where liquidity and market interest are concentrated for FirstEnergy. Premium patterns and open interest distribution can highlight areas of concentrated FirstEnergy's positioning.
FirstEnergy currently has 36 contracts available across calls and puts for the nearest expiration. Implied volatility across listed strikes averages 0.53, a useful gauge of expected price swings heading into expiration. On the volume side, calls have seen 130 contracts change hands versus 70.0 for puts (put/call volume ratio: 0.54). By moneyness, there are 10 ITM and 6 OTM calls alongside 6 ITM and 14 OTM puts.
Open IntStrike PriceCurrent SpreadLast Price
Call
FE260417C00070000070.00.0 - 0.750.75Out
Call
FE260417C000650002065.00.0 - 1.950.08Out
Call
FE260417C00060000760.00.0 - 0.750.2Out
Call
FE260417C0005500028455.00.0 - 0.20.01Out
Call
FE260417C0005000084150.00.4 - 0.950.7Out
Call
FE260417C0004900071349.00.7 - 1.31.22Out
Call
FE260417C0004800044348.01.3 - 1.854.12In
Call
FE260417C0004700014047.01.9 - 2.652.69In
Call
FE260417C0004600015446.02.5 - 4.36.17In
Call
FE260417C0004500049045.03.4 - 4.56.25In
Call
FE260417C0004400014344.04.2 - 6.87.36In
Call
FE260417C000430002043.05.3 - 7.02.7In
Call
FE260417C0004200020642.06.1 - 8.88.79In
Call
FE260417C00041000141.07.0 - 9.04.0In
Call
FE260417C00040000640.08.0 - 10.09.45In
Call
FE260417C00038000338.010.0 - 11.99.38In
Put
FE260417P00070000070.019.4 - 23.619.4In
Put
FE260417P00065000065.014.4 - 18.614.4In
Put
FE260417P00060000060.010.3 - 12.99.11In
Put
FE260417P00055000055.04.6 - 7.94.0In
Put
FE260417P0005000075750.01.65 - 2.351.82In
Put
FE260417P0004900038349.01.2 - 1.71.15In
Put
FE260417P0004800043848.00.9 - 1.050.8Out
Put
FE260417P0004700042747.00.5 - 0.950.52Out
Put
FE260417P0004600015946.00.0 - 0.850.4Out
Put
FE260417P0004500013845.00.05 - 0.550.28Out
Put
FE260417P0004400010944.00.2 - 0.40.21Out
Put
FE260417P0004300012843.00.0 - 0.650.14Out
Put
FE260417P0004200090342.00.05 - 0.20.2Out
Put
FE260417P0004100018541.00.0 - 0.950.34Out
Put
FE260417P000400008240.00.0 - 0.750.43Out
Put
FE260417P000390009539.00.0 - 0.750.21Out
Put
FE260417P00038000138.00.0 - 0.950.49Out
Put
FE260417P00036000436.00.0 - 0.950.36Out
Put
FE260417P00035000356735.00.0 - 0.20.05Out
Put
FE260417P00030000130.00.0 - 0.950.1Out

Open Interest

FirstEnergy's options chain captures how market participants are distributing their bets across strikes and expirations. The balance between put and call activity is one of the more direct measures of sentiment available in the derivatives market.
Open interest for FirstEnergy currently totals 10.8 K contracts, with 3.5 K on the call side and 7.4 K on the put side. With a put/call OI ratio of 2.13, the positioning data is suggesting a notably bearish tilt in current positioning. Strike 50.0 draws the most call interest and 35.0 the most put interest, framing the expected trading range. The max pain point sits near 49.0, a level that sometimes acts as a gravitational reference heading into expiration.

Open Interest for April 17th 2026 Calls

Open Interest for April 17th 2026 Puts

Options Data Overview & Methodology

Option metrics here help frame risk around FirstEnergy before entering leveraged positions. This page translates FirstEnergy option activity into structured risk context. Max-pain zones and strike density can help identify crowded price regions into expiration. FirstEnergy has a market cap of 28.05 B, P/E of 17.96, ROE of 9.2%.

This section for FirstEnergy is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Option-chain values are sourced from exchange feeds and can be delayed.

This content is curated and reviewed by:

Gabriel Shpitalnik - Member of Macroaxis Editorial Board
Last reviewed on February 27th, 2026

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