FT Intermediate (FIGR) Soars 14.4% to 52-Week High Amid Explosive Growth Narrative and Tokenized Equity Expansion

Summary
• FIGR surges 14.4% to $74.335, hitting its 52-week high of $74.75
• Company unveils On-Chain Public Equity Network (OPEN) to disrupt $45B capital markets
• Consumer loan volume jumps 134% YoY to $869M in December, while token liquidity surges 198% MoM to $328M
• Bernstein forecasts $945M revenue by 2027, naming FIGR its top 2026 idea

FT Intermediate’s FIGR stock has ignited a 14.4% intraday rally, driven by a confluence of explosive operational metrics, strategic product launches, and bullish institutional backing. The stock’s surge to its 52-week high of $74.75 reflects a market betting on flawless execution of its tokenized lending and equity trading vision. With consumer loan volume and token liquidity metrics accelerating, the stock’s trajectory underscores a high-stakes narrative of capital market disruption.

Operational Momentum and Strategic Expansion Fuel FIGR’s Rally
FIGR’s 14.4% surge is anchored by its December consumer loan volume of $869 million (134% YoY) and $328 million in token liquidity (198% MoM), signaling robust platform adoption. The launch of the On-Chain Public Equity Network (OPEN) further amplifies its value proposition by tokenizing equity trading, targeting $45 billion in capital market disruption. Bernstein’s $945 million 2027 revenue forecast and $72 price target have galvanized investor sentiment, while the 442% MoM surge in democratized prime matched offers balance validates the platform’s liquidity. This operational and strategic trifecta has positioned FIGR as a high-conviction play on blockchain-native financial infrastructure.

Options Playbook: Capitalizing on FIGR’s Bullish Momentum
• MACD: 5.15 (Signal Line: 3.90, Histogram: 1.25) – bullish divergence
• RSI: 72.20 – approaching overbought territory
• Bollinger Bands: Upper $64.50, Middle $48.85 – price well above resistance
• 30D MA: $45.72 – strong upward trend

FIGR’s technicals and options chain present high-conviction setups for aggressive bulls. The stock’s 14.4% intraday gain and 52-week high breakout suggest a continuation of its bullish trajectory. Key levels to monitor include the 52-week high of $74.75 and the 30D MA at $45.72. The options chain reveals two standout contracts:

• FIGR20260220C70
- Type: Call
- Strike: $70
- Expiry: 2026-02-20
- IV: 87.10% (high volatility)
- Leverage Ratio: 7.06%
- Delta: 0.651 (moderate sensitivity)
- Theta: -0.149 (rapid time decay)
- Gamma: 0.0181 (strong price sensitivity)
- Turnover: $315,111
- Why it stands out: High IV and gamma position this call to capitalize on continued upward momentum. A 5% upside to $78.05 would yield a payoff of $8.05 per share, offering 111.6% return on the contract.

• FIGR20260220C75
- Type: Call
- Strike: $75
- Expiry: 2026-02-20
- IV: 89.41% (high volatility)
- Leverage Ratio: 8.96%
- Delta: 0.556 (moderate sensitivity)
- Theta: -0.153 (rapid time decay)
- Gamma: 0.0188 (strong price sensitivity)
- Turnover: $391,933
- Why it stands out: This call balances leverage and liquidity, ideal for a breakout above $75. A 5% upside would generate a $3.05 payoff, translating to 136.1% return. Its high gamma ensures responsiveness to price swings.

Aggressive bulls should target FIGR20260220C75 into a break above $75, leveraging its high gamma and IV for exponential gains.

Backtest FT Intermediate Stock Performance
The performance of FIGR after a 14% intraday surge from 2022 to now has been mixed. While the stock has shown periods of bullish momentum, such as the bullish doji star pattern on January 15, 2026, which contributed to a potential reversal, the overall trend has been bearish.1. Bearish Reversal Patterns: The bullish doji star pattern observed on January 15, 2026, suggests a potential reversal from the bearish trend. However, this pattern has a medium reliability, indicating that it may not always lead to a sustained upward movement.2. Bearish Continuation Patterns: The bearish continuation is evident with patterns such as the harami cross bearish and the engulfing bearish, which have been observed multiple times during the period. These patterns suggest that the downward trend could continue.3. Performance Metrics: FIGR's forecasted earnings and revenue growth rates are high, with expected earnings growth of 47% per annum and revenue growth of 29.7% per annum. This strong growth potential could be leveraged in a bullish scenario.4. Backtesting Considerations: When backtesting intraday strategies, it's important to consider the trade-offs between backtesting period length and strategy robustness. Longer back periods can provide more confidence in the strategy's performance but may not account for recent changes in market conditions.In conclusion, while FIGR has shown potential for bullish movement, the overall bearish trend and the mixed reliability of reversal patterns suggest that investors should exercise caution. The strong growth forecasts for FIGR could be advantageous if the bullish momentum were to persist. However, the risks associated with the bearish continuation should not be ignored. Investors should consider these factors and possibly the longer growth prospects before making investment decisions.

High-Stakes Bet: Execute Now or Miss the Disruption Wave
FIGR’s 14.4% rally is a high-conviction trade on its ability to execute its tokenized capital market vision. With Bernstein’s 2026 forecast and OPEN’s disruptive potential, the stock’s momentum is likely to persist—provided operational metrics remain robust. Investors should prioritize the FIGR20260220C75 call for a leveraged play on its 52-week high breakout. Meanwhile, the sector leader JPMorgan Chase (JPM) is up 2.02%, signaling broader capital market strength. Act decisively: Secure the C75 call and monitor the $75 level for a potential 136% return.