Merchants Bancorp (MBIN) Options Chain

NASDAQ: MBINFinanceMajor BanksUSD

48.92-0.88 (-1.77%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $48.92
Put/call ratio (OI): 1.38
Put/call ratio (volume): 3.39
ATM implied volatility: 59.4%
Expected move: ±$9.63
Open interest (C / P): 176 / 242

MBIN options summary

The MBIN options chain for the November 20, 2026 expiration lists 7 call and 6 put contracts, with 40 days until expiration. Open interest stands at 176 calls and 242 puts, a put/call ratio of 1.38, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $50.00 strike is 59.4%, which implies the market expects a move of about ±$9.63 (19.7%) in Merchants Bancorp stock by expiration.

The most open interest sits at the $60.00 call (68 contracts) and the $35.00 put (120 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MBIN options chain · November 20, 2026

MBIN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	25.00	0.00	1.75	0.15	159.7%	128	94
—	—	—	—	—	—	30.00	0.00	4.50	0.45	170.4%	—	1
10	10	83.8%	14.50	12.60	16.50	35.00	0.00	1.75	0.20	92.5%	30	120
0	1	73.6%	13.22	8.30	12.00	40.00	0.10	2.30	0.99	72.8%	5	9
10	1	54.7%	8.50	3.90	7.50	45.00	0.30	4.90	1.10	69.2%	2	10
MBIN $48.92
10	1	52.3%	4.80	0.90	4.90	50.00	1.70	4.90	2.00	66.5%	1	8
37	1	51.3%	1.70	0.00	2.55	55.00	—	—	—	—	—	—
68	1	60.6%	0.30	0.00	1.75	60.00	—	—	—	—	—	—
41	34	75.7%	0.38	0.05	1.75	65.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MBIN put/call ratio?

For the November 20, 2026 expiration, the MBIN put/call ratio based on open interest is 1.38 (242 puts vs 176 calls), and 3.39 based on today's volume. A ratio above 1 means more puts than calls.

What is MBIN's implied volatility?

At-the-money implied volatility for MBIN options expiring November 20, 2026 is about 59.4%, an annualized estimate of how much the market expects Merchants Bancorp stock to move.

How many MBIN option expiration dates are there?

MBIN has 4 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.