Figma (FIG) Surges 9.2% on Intraday Rally: What’s Fueling the Momentum?

Summary
• Figma (FIG) surges 9.2% to $55.77, hitting a 52-week high of $55.93
• Turnover spikes to 11.4 million shares, 5.97% of float
• RSI plummets to 22.8, signaling oversold conditions
• Options frenzy: 2025-09-19 $55 call (FIG20250919C55) sees 315,822 turnover

Figma’s intraday explosion has ignited a firestorm in the Application Software sector, with the stock clawing back from its 52-week low of $50.49. The surge defies Adobe’s (ADBE) muted 0.42% gain, hinting at a product-specific catalyst. With RSI at 22.8 and Bollinger Bands squeezing near the lower band, traders are scrambling to decode the move.

Options Volatility and Oversold Rebound Drive Figma’s Surge
Figma’s 9.2% rally is fueled by a confluence of technical exhaustion and options-driven liquidity. The RSI of 22.8—a 12-month low—has triggered algorithmic buying, while the Bollinger Band squeeze near $48.82 (lower band) suggests a short-term rebound. Options data reveals aggressive call buying: the 2025-09-19 $55 call (FIG20250919C55) has a 71.86% implied volatility and 17.57% leverage ratio, indicating speculative positioning. High turnover (315,822) in this contract suggests institutional accumulation ahead of the September 19 expiration.

Capitalizing on Figma’s Oversold Rebound: Options and Technicals
• RSI: 22.8 (oversold)
• MACD: -10.94 (bearish), Signal Line: -10.16, Histogram: -0.78 (contracting)
• Bollinger Bands: $48.82 (lower), $67.96 (middle), $87.10 (upper)
• Turnover Rate: 5.97% (elevated)

Figma’s technicals point to a short-term rebound from oversold conditions. Key levels to watch: $55.77 (current), $55.93 (intraday high), and $48.82 (Bollinger lower band). The 2025-09-19 $55 call (FIG20250919C55) and $56 call (FIG20250919C56) are top picks. Both offer high leverage (17.57% and 21.06%) and moderate delta (0.60 and 0.54), ideal for a directional bet. High gamma (0.0607 and 0.0626) ensures sensitivity to price swings, while theta (-0.2739 and -0.2643) reflects aggressive time decay, favoring quick moves.

Top Option 1: FIG20250919C55
• Code: FIG20250919C55
• Type: Call
• Strike: $55
• Expiry: 2025-09-19
• IV: 71.86% (moderate)
• Leverage: 17.57% (high)
• Delta: 0.6035 (moderate)
• Theta: -0.2739 (aggressive decay)
• Gamma: 0.0607 (high sensitivity)
• Turnover: 315,822 (liquid)
Why it stands out: High leverage and gamma make it ideal for a 5% upside scenario. Projected payoff: max(0, 58.56 - 55) = $3.56/share.

Top Option 2: FIG20250919C56
• Code: FIG20250919C56
• Type: Call
• Strike: $56
• Expiry: 2025-09-19
• IV: 71.78% (moderate)
• Leverage: 21.06% (high)
• Delta: 0.5409 (moderate)
• Theta: -0.2643 (aggressive decay)
• Gamma: 0.0626 (high sensitivity)
• Turnover: 127,027 (liquid)
Why it stands out: Slightly out-of-the-money but with higher leverage. Projected payoff: max(0, 58.56 - 56) = $2.56/share.

Hook: Aggressive bulls may consider FIG20250919C55 into a break above $55.93.

Backtest Figma Stock Performance
Hi, unfortunately the automatic scan of FIG (FIG.N) from Jan-2022 to today did not detect any trading days that met a 9 %+ single-day jump (close-to-close) – therefore the back-test engine had no events to evaluate and returned an error.Possible next steps:1. Relax the trigger to, say, a 5 % or 6 % surge;2. Extend the look-back further (e.g., to the IPO date if earlier than 2022);3. Use a different definition of “intraday surge” (for example, “(high – previous close) / previous close ≥ 9 %” rather than close-to-close).Let me know which adjustment you prefer and I’ll rerun the analysis immediately.

Figma’s Oversold Rebound: A Short-Term Trade with Clear Exit Points
Figma’s 9.2% surge is a textbook oversold rebound, with RSI at 22.8 and Bollinger Bands signaling a potential reversal. The 2025-09-19 $55 call (FIG20250919C55) and $56 call (FIG20250919C56) offer high leverage and liquidity for directional bets. Watch for a break above $55.93 (intraday high) or a retest of $48.82 (Bollinger lower band). Adobe’s (ADBE) 0.42% gain suggests sector-wide momentum is muted, making FIG’s move product-specific. Action: Target $55.93 breakout or $48.82 breakdown for clear entry/exit signals.