---
title: "Trending | FRMI Plummets 10% on Tuesday, Some Put options Soar 150%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287003520.md"
description: "On May 19, Eastern Time, Fermi options saw a total of 60811 contracts traded, with calls accounting for 56% and puts making up 43%."
datetime: "2026-05-20T04:13:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287003520.md)
  - [en](https://longbridge.com/en/news/287003520.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287003520.md)
---

# Trending | FRMI Plummets 10% on Tuesday, Some Put options Soar 150%

On May 19, Eastern Time, Fermi options saw a total of 60811 contracts traded, with calls accounting for 56% and puts making up 43%.

Fermi has 480028 contracts outstanding, with calls accounting for 65% and puts making up 34%.

The top volume gainer was the 5.5 dollars Put option expiring on May 22, 2026, with 328 contracts traded.

On the news front, Based on recent key news:

1\. May 19, Toby Neugebauer issued an open letter to shareholders regarding an upcoming meeting, causing uncertainty and impacting stock price. Neugebauer plans to hold a special meeting on June 30. Source: Reuters

2\. May 18, Fermi Inc. filed a preliminary consent revocation statement, indicating internal governance issues and affecting investor confidence. Source: FRMI Stock News

3\. May 18, the Board of Fermi Inc. emphasized progress with Fermi 2.0, but leadership disputes overshadowed positive growth prospects. Source: Fermi America™Governance issues impact investor sentiment.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2026-05-20/ST_US_FRMI_en.png)

### Related Stocks

- [FRMI.US](https://longbridge.com/en/quote/FRMI.US.md)

## Related News & Research

- [Fermi files consent revocation statement to ousted CEO's shareholders meeting call, stock up](https://longbridge.com/en/news/286781844.md)
- [14:39 ETToby Neugebauer to Host Presentation Defining Path to Maximizing Value for All Fermi Shareholders](https://longbridge.com/en/news/287105929.md)
- [The Texas-size fight over Rick Perry’s nuclear power startup](https://longbridge.com/en/news/286641646.md)
- [Stock + Option Selling Myth: More Premium Does Not Always Mean a Better Trade](https://longbridge.com/en/news/286649178.md)
- [17:42 ETToby Neugebauer Wins In Court, Responds to New Fermi Defensive Actions](https://longbridge.com/en/news/286473226.md)