FWRD - Forward Air Corporation
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
As of May 14, 2026: spot at $9.56, ATM IV 81.2%, net GEX $85.9K.
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- Market Cap
- $283.6M
- Beta
- 1.59
- 52-Week Range
- 8.65-32.47
- CEO
- Shawn Stewart
- Employees
- 6,319
- IPO Date
- Nov 16, 1993
- Exchange
- NASDAQ
What FWRD Looks Like to Options Traders Today
IV rank of 27.4% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($85.9K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.032) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The FWRD overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure. Corporate data is on fundamentals, earnings, analyst ratings, and insider trading.
Frequently asked FWRD overview questions
- What is FWRD?
- FWRD is the ticker symbol for Forward Air Corporation, a listed security. Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. Listed on NASDAQ. FWRD is the equity ticker shown on this page; equity options traders use the security for directional, volatility, and income strategies via the listed options chain.
- What does the FWRD options snapshot look like today?
- As of May 14, 2026, the FWRD options snapshot shows spot at $9.56, ATM IV 81.2%, IV rank 27.4%, net GEX $85.9K, expected move 23.28%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are FWRD's key statistics?
- Forward Air Corporation (FWRD) carries a market capitalization of $283.6M, beta of 1.59 relative to the broader market, 52-week range of 8.65-32.47. Full income statement, balance sheet, cash flow, and TTM ratio history is on the per-ticker fundamentals page; daily price history and 52-week levels are accessible from the same view. These structural inputs frame how the options market prices implied volatility around earnings windows and capital events.
- What sector or industry does FWRD belong to?
- Forward Air Corporation operates in the Industrials sector, in the Integrated Freight & Logistics industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare FWRD's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the FWRD data on this page?
- The options snapshot above is dated May 14, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Company-profile fields (sector, industry, market cap, P/E, IPO date) refresh from the vendor feed nightly. Financials and earnings refresh as 10-K and 10-Q filings are parsed (typically within several business days of the actual report). FINRA microstructure data refreshes on the source's cadence (daily for short volume, bi-monthly for short interest, weekly for the OTC volume file, twice-monthly for SEC FTD).