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Best Options Strategy for FDMT

By Yojana Mandon · Updated 2026-07-02 · 2 min read · Risk disclaimer

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.

Iron Condor neutral
Price: $12.77Implied volatility: 244%Expiration: 2026-07-17 (14d)
ActionQtyTypeStrikePremium
BuyPUT$6$0.05
SellPUT$9$1.40
SellCALL$15$0.35
BuyCALL$18$0.23
P/L at expiry vs today At expiry Today ±1σ
$0$13$25
Max Profit
$147
Max Loss
−$153
Net Credit (received)
$147
Prob. of Profit
58%
Breakeven(s)
$7.53, $16.47
Implied Vol (ATM)
244%
Position Greeks
Δ
−1.26
Γ
−3.455
Θ
4.58
ν
−0.54
Time decay (price held)
Implied-volatility skew

Simulation

Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.

Win rate
58%
Mean P/L
$21
Median
$65
Exp. move (1σ)
48%
5th pct
−$153
25th pct
−$153
75th pct
$147
95th pct
$147
$-149$-3$143
Analyze FDMT in the calculator → Share this pick ↗

Live scan from 2026-07-02 · quotes delayed ~15 minutes

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 244% implied volatility, and higher implied volatility means richer premiums and wider expected moves.

Options on FDMT currently price in about 244% implied volatility, versus roughly 86% 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.

Off that volatility, the options market is pricing a move of about ±$6.15 (±48%) in FDMT by 2026-07-17 — a range of roughly $6.61 to $18.92. Strikes inside that band hold most of the premium and see most of the action.

Key figures

Market cap
$680M
Beta (vs market)
2.76
52-week range
$3.86–$14.00 (88% up the range)
Short interest
28.6% of float · 15.8 days to cover

With 28.6% 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

You expect FDMT to rise

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

You expect FDMT to fall

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

You expect FDMT to trade in a range

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 →

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?

4D Molecular Therapeutics, Inc. does not currently pay a dividend, so there is no ex-dividend assignment risk to plan around for options strategies.

Tickers related to FDMT

Comparing FDMT with similar names can help you choose the best options strategy:

STOKStoke Therapeutics, Inc.ANNXAnnexon, Inc.

Company information

Headquarters
5858 Horton Street, Suite 455, EmeryVille, CA, 94608, United States
Industry
Biotechnology
Employees
196
Phone
510 505 2680
Website
www.4dmoleculartherapeutics.com

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