Mixed options sentiment in Fermi Inc. Common Stock with shares down 5.58%

Mixed options sentiment in Fermi Inc. Common Stock (FRMI), with shares down 31c near $5.25. Options volume relatively light with 6331 contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.61. Implied volatility (IV30) dropped 1.03 near 122.78,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.41. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at UBS.Looking ahead: Fermi Inc. Common Stock (FRMI) will report earnings before the open on 2026-05-14.Option markets are pricing in a 50% probability of a move greater than 9.36% or $0.49.