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Best Options Strategy for FTI

By Yojana Mandon · Updated 2026-09-11 · 2 min read · Risk disclaimer

Looking for the best options strategy for TechnipFMC plc (FTI)? 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 FTI option chain right now, and a simple map from your view on FTI to the strategy that fits it. Model any of them in the calculator before you trade.

About FTI

TechnipFMC plc (FTI) is a major company in Oil & Gas Equipment & Services. Options traders on FTI tend to watch , since these can drive large moves in the share price.

Today's top-scoring strategy for FTI

Our engine ranks defined-risk strategies on the live FTI chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Iron Butterfly neutral
Price: $75.42Implied volatility: 38%Expiration: 2026-10-16 (34d)
ActionQtyTypeStrikePremium
BuyPUT$55$0.08
SellPUT$75$2.90
SellCALL$75$3.50
BuyCALL$95$0.32
P/L at expiry vs today At expiry Today ±1σ
$31$75$119
Max Profit
$600
Max Loss
−$1,400
Net Credit (received)
$600
Breakeven(s)
$69.00, $81.00
Position Greeks
Δ
−6.11
Γ
−8.336
Θ
9.21
ν
−16.75
Time decay (price held)
Implied-volatility skew

Simulation

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

Win rate
51%
Mean P/L
−$82
Median
$11
Exp. move (1σ)
12%
5th pct
−$1,089
25th pct
−$379
75th pct
$316
95th pct
$546

Strategy analysis

Simulated price paths (time × price)
now $75BE $69BE $81$62$76$910d17d34d
$-1376$-400$576

Greeks vs price

Δ — $ P/L per $1 move in the underlying (share-equivalent exposure).
Θ — $ P/L per day from time decay.
ν — $ P/L per +1% in implied volatility.
Γ — how fast delta changes per $1 move.

Price × volatility (today)

−30%−15%IV+15%+30%
$94−$1,059−$998−$945−$901−$867
$91−$829−$786−$753−$730−$716
$87−$544−$537−$537−$545−$560
$83−$247−$285−$327−$371−$416
$79−$2−$83−$162−$237−$308
$75$115$14−$84−$175−$259
$72$54−$33−$122−$207−$288
$68−$171−$221−$278−$338−$397
$64−$495−$506−$524−$547−$575
$60−$839−$820−$805−$795−$791
$57−$1,131−$1,096−$1,061−$1,031−$1,005
Analyze FTI in the calculator → Share this pick ↗

Live scan from 2026-09-11 · quotes delayed ~15 minutes

Historical backtest: how a Iron Butterfly on FTI would have performed

We approximated a Iron Butterfly on FTI, 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 FTI price history — an educational backtest, not a prediction of future returns.

Trades
92
Win rate
54%
Total P/L
-$1,600
Avg return on risk
+1%
Best trade
$583
Worst trade
-$657
Cumulative P/L over the backtest

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

FTI is currently trading with elevated implied volatility, so its options carry richer premiums. On the options we scanned that was around 38% implied volatility, and higher implied volatility means richer premiums and wider expected moves.

Off that volatility, the options market is pricing a move of about ±$8.7 (±12%) in FTI by 2026-10-16 — a range of roughly $66.72 to $84.12. Strikes inside that band hold most of the premium and see most of the action.

Across strikes, puts and calls on FTI carry a fairly symmetric implied volatility — no strong directional fear is priced in either way.

FTI options chain highlights: open interest, volume and skew

The live FTI options chain shows a put/call open-interest ratio of 0.22 (bullish-leaning (more calls)), with at-the-money implied volatility near 36.6%. Open interest clusters at the $85 call — a common resistance "wall" — and the $65 put, a support "wall": the strikes option writers are most exposed to into expiration.

Put/Call OI
0.22
Put/Call volume
32.22
ATM IV
36.6%
Put–call IV skew
+1.9
Call OI wall
$85 · 4,498
Put OI wall
$65 · 1,054
Most active call
$35 · 25
Most active put
$55 · 2,504
Most active strikes (volume)
$40$75$110
Calls   Puts

Snapshot of open interest, volume and implied volatility for the nearest scanned expiration — context, not a trading signal.

FTI insider trading activity (SEC Form 4)

Open-market insider transactions at FTI 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.

Open-market buys
0 · —
Open-market sells
5 · $1.8M
Net (buy − sell)
−$1.8M
InsiderActionSharesValueDate
OLEARY JOHN C GSell6,350$462K2026-05-19
FARLEY CLAIRE SSell4,500$336K2026-05-05
Duffe LuanaSell1,870$139K2026-05-05
Priestly Kay GSell6,000$448K2026-05-05
Zurquiyah Rousset SophieSell6,350$440K2026-03-24

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.

Liquidity and tradeability

FTI options are thinly traded, with wide bid-ask spreads around 15.5% near the money that eat into any edge — favour simple single-leg or tight defined-risk trades, and always use limit orders.

Earnings & IV crush

FTI's next earnings report is due around October 22, 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.

Dividend and assignment risk

FTI pays a dividend of about 0.3% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.

Key figures

Market cap
$29.2B
Beta (vs market)
0.74
52-week range
$35.29–$80.70 (88% up the range)
Short interest
3.3% of float · 4.3 days to cover

Other strong setups for FTI

If your view on FTI differs, these also scored well in the latest scan:

How to choose an options strategy for FTI

Start with your outlook on FTI, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect FTI 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 FTI 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 FTI to trade in a range

Sell an iron condor to collect premium while FTI stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

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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 FTI in the free calculator →

Frequently asked questions

What is the best options strategy for FTI?

It depends on your outlook. Bullish traders often use a long call or bull call spread on FTI; 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 FTI options liquid enough to trade?

TechnipFMC plc (FTI) 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 FTI options?

Buying a single FTI 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 FTI or any security. Do your own research.

What does TechnipFMC plc do?

TechnipFMC plc (FTI) operates in the Oil & Gas Equipment & Services industry. The "About TechnipFMC plc" section above gives a fuller picture of what the company does and how it earns money.

Does TechnipFMC plc pay a dividend?

Yes — TechnipFMC plc currently pays a dividend yielding about 0.3%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.

When does TechnipFMC plc next report earnings?

TechnipFMC plc's next earnings are expected around October 22, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.

Tickers related to FTI

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

WHDCactus, Inc.PUMPProPetro Holding Corp.LBRTLiberty Energy Inc.RESRPC, Inc.OISOil States International, Inc.OIIOceaneering International, Inc.

Company information

Headquarters
Hadrian House, Wincomblee Road, Newcastle upon Tyne, NE6 3PL, United Kingdom
Industry
Oil & Gas Equipment & Services
Employees
22,000
CEO
Mr. Douglas J. Pferdehirt
Phone
44 191 296 7000
Website
www.technipfmc.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.