Fermi ($FRMI) call option activity has surged, with $10 strikes described as "very hot." Marc Lehman relayed a June 16, 2026 note from JMP Citizens saying OpenAI is likely among counterparties assessing Fermi's capacity and that JMP expects a sizable deal, a thesis that appears to be fueling the bullish options trade.
Marc Lehman (@markflowchatter) reports Fermi (ticker $FRMI) call options at the $10 strike are very hot on June 16, 2026.
Fermi $FRMI calls very hot , $10 strikes, seems too obvious
Marc Lehman (@markflowchatter)
on $FRMI -
JMP CITIZENS out with a note says OpenAI has likely been
among several counterparties evaluating capacity with Fermi and thinks a big deal is coming.
— https://nitter.net/markflowchatter/status/2064750546079170582#m