Best Options Strategy for FDMT
Looking for the best options strategy for 4D Molecular Therapeutics, Inc. (FDMT)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live FDMT option chain right now, and a simple map from your view on FDMT to the strategy that fits it. Model any of them in the calculator before you trade.
About FDMT
4D Molecular Therapeutics, Inc. (FDMT) is a major company in Biotechnology. Options traders on FDMT tend to watch , since these can drive large moves in the share price.
About 4D Molecular Therapeutics, Inc.
4D Molecular Therapeutics develops gene therapies based on modified adeno-associated viruses, which are tiny viral vectors engineered to deliver therapeutic genes into patient cells. The company operates a proprietary discovery platform called Therapeutic Vector Evolution, with research facilities in the Netherlands and the United States. Its most advanced program, 4D-150, targets retinal diseases including wet age-related macular degeneration and diabetic macular edema by enabling the eye to continuously produce anti-VEGF proteins after a single injection. Beyond this lead candidate, the company has several earlier-stage programs in development: 4D-710 for cystic fibrosis, 4D-175 for geographic atrophy, and 4D-725 for alpha-1 antitrypsin deficiency lung disease.
The company generates revenue through strategic partnerships and licensing deals, most notably a collaboration agreement with Otsuka Pharmaceutical. 4D Molecular operates as a clinical-stage biotech firm, meaning it does not yet have approved drugs on the market and relies on partnerships, funding, and capital markets to support its operations. Founded in 2013 and based in Emeryville, California, the company remains in…
Today's top-scoring strategy for FDMT
Our engine ranks defined-risk strategies on the live FDMT chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | PUT | $8 | $0.30 |
| Sell | 1× | PUT | $10 | $1.00 |
| Sell | 1× | CALL | $11 | $2.50 |
| Buy | 1× | CALL | $20 | $0.10 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $15 | −$63 | −$68 | −$72 | −$73 | −$72 |
| $14 | −$33 | −$44 | −$51 | −$55 | −$57 |
| $13 | −$3 | −$19 | −$31 | −$38 | −$42 |
| $13 | $25 | $4 | −$11 | −$20 | −$26 |
| $12 | $51 | $26 | $9 | −$3 | −$11 |
| $12 | $75 | $47 | $27 | $13 | $3 |
| $11 | $95 | $66 | $45 | $29 | $18 |
| $10 | $112 | $83 | $60 | $44 | $31 |
| $10 | $126 | $97 | $75 | $58 | $44 |
| $9 | $135 | $109 | $87 | $70 | $57 |
| $9 | $140 | $118 | $98 | $81 | $68 |
Live scan from 2026-08-14 · quotes delayed ~15 minutes
Historical backtest: how a Iron Butterfly on FDMT would have performed
We approximated a Iron Butterfly on FDMT, entered repeatedly over the past year (92 historical entries, each held to expiration) with Black-Scholes-modelled entry premiums. Here is how that would have played out on real FDMT price history — an educational backtest, not a prediction of future returns.
Approximate: entry premiums are modelled with Black-Scholes from trailing realised volatility, held to expiration and settled against the real historical close. Real fills, implied volatility and slippage differ — treat it as directional context, not exact returns.
Implied volatility
FDMT is currently trading with high implied volatility, which makes its options expensive — and attractive to sell. On the options we scanned that was around 163% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on FDMT currently price in about 163% implied volatility, versus roughly 59% the stock has actually realised over the past month. That makes options relatively expensive — an edge for strategies that sell premium, such as credit spreads and iron condors.
FDMT's IV Rank is 45/100: implied volatility sits 45% of the way between its 20-day low (97%) and high (244%), and is above 67% of recorded days. Premium sits around its usual level for this stock.
Off that volatility, the options market is pricing a move of about ±$5.82 (±50%) in FDMT by 2026-09-18 — a range of roughly $5.82 to $17.46. Strikes inside that band hold most of the premium and see most of the action.
FDMT options chain highlights: open interest, volume and skew
The live FDMT options chain shows a put/call open-interest ratio of 0.24 (bullish-leaning (more calls)), with at-the-money implied volatility near 140.2%. Open interest clusters at the $20 call — a common resistance "wall" — and the $10 put, a support "wall": the strikes option writers are most exposed to into expiration.
Snapshot of open interest, volume and implied volatility for the nearest scanned expiration — context, not a trading signal.
FDMT insider trading activity (SEC Form 4)
Open-market insider transactions at FDMT over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Kirn David | Sell | 26,842 | $275K | 2026-08-04 |
| Kirn David | Sell | 12,415 | $125K | 2026-08-03 |
| Kirn David | Sell | 442 | $6K | 2026-07-10 |
| Kirn David | Sell | 15,283 | $184K | 2026-07-10 |
| Kirn David | Sell | 42,608 | $548K | 2026-07-09 |
| Bizily Scott | Sell | 6,566 | $92K | 2026-06-30 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
FDMT's next earnings report is due around November 10, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $537M
- Beta (vs market)
- 2.69
- 52-week range
- $5.33–$14.00 (73% up the range)
- Short interest
- 25.1% of float · 10.3 days to cover
With 25.1% of FDMT's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
Other strong setups for FDMT
If your view on FDMT differs, these also scored well in the latest scan:
How to choose an options strategy for FDMT
Start with your outlook on FDMT, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while FDMT stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open FDMT in the free calculator →
Frequently asked questions
What is the best options strategy for FDMT?
It depends on your outlook. Bullish traders often use a long call or bull call spread on FDMT; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are FDMT options liquid enough to trade?
4D Molecular Therapeutics, Inc. (FDMT) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade FDMT options?
Buying a single FDMT call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade FDMT or any security. Do your own research.
What does 4D Molecular Therapeutics, Inc. do?
4D Molecular Therapeutics, Inc. (FDMT) operates in the Biotechnology industry. The "About 4D Molecular Therapeutics, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does 4D Molecular Therapeutics, Inc. pay a dividend?
We don't show a confirmed dividend yield for 4D Molecular Therapeutics, Inc. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does 4D Molecular Therapeutics, Inc. next report earnings?
4D Molecular Therapeutics, Inc.'s next earnings are expected around November 10, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
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Comparing FDMT with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 5858 Horton Street, Suite 455, EmeryVille, CA, 94608, United States
- Industry
- Biotechnology
- Employees
- 196
- CEO
- Dr. David H. Kirn M.D.
- Phone
- 510 505 2680
- Website
- www.4dmoleculartherapeutics.com
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.