IBCP · Independent Bank Corp /Mi/

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$38.65 -0.02 (-0.05%) At close · Jul 29

Market Cap

$796.43M

20.61M

Options Chain

15-min delayed Underlying $38.65 · at close Jul 29, 2026 Options Calculator

Positioning

Aug 21, 2026 · 22 days to expiry · 18 contracts

Put / call OI

0.32

Call-heavy positioning

Open interest

contracts outstanding

Volume

traded today

Max pain

$35.00

$3.65 below spot

ATM implied vol

35.3%

market's expected move

Open interest by strike

Calls Puts

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 22d Sep 18 50d Nov 20 113d Feb 19 204d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	215.7%	0.961	—		—	—	—	—	0
Call · $17.5 In the money Last — Breakeven — Implied vol 215.7% Delta 0.961 ≈96% ITM Gamma 0.004 Theta -0.037 Vega 0.006 Open interest 0 Model this call Put · $17.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	183.8%	0.955	—		—	—	—	—	0
Call · $20 In the money Last — Breakeven — Implied vol 183.8% Delta 0.955 ≈95% ITM Gamma 0.005 Theta -0.036 Vega 0.012 Open interest 0 Model this call Put · $20 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	150.7%	0.951	—		—	—	—	—	0
Call · $22.5 In the money Last — Breakeven — Implied vol 150.7% Delta 0.951 ≈95% ITM Gamma 0.007 Theta -0.032 Vega 0.012 Open interest 0 Model this call Put · $22.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	125%	0.942	—		—	—	—	—	0
Call · $25 In the money Last — Breakeven — Implied vol 125% Delta 0.942 ≈94% ITM Gamma 0.01 Theta -0.03 Vega 0.013 Open interest 0 Model this call Put · $25 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	1	80.7%	0.916	$4.20		$1.05	-0.097	87.1%	1	3
Call · $30 In the money Last $4.20 Breakeven $34.20 Implied vol 80.7% Delta 0.916 ≈92% ITM Gamma 0.02 Theta -0.026 Vega 0.015 Open interest 2 Model this call Put · $30 Last $1.05 Breakeven $28.95 Implied vol 87.1% Delta -0.097 ≈10% ITM Gamma 0.021 Theta -0.032 Vega 0.015 Open interest 3 Model this put
6	3	32.6%	0.904	$1.31		$3.90	-0.169	45.7%	1	5
Call · $35 In the money Last $1.31 Breakeven $36.31 Implied vol 32.6% Delta 0.904 ≈90% ITM Gamma 0.054 Theta -0.012 Vega 0.016 Open interest 6 Model this call Put · $35 Last $3.90 Breakeven $31.10 Implied vol 45.7% Delta -0.169 ≈17% ITM Gamma 0.057 Theta -0.025 Vega 0.024 Open interest 5 Model this put
Underlying $38.65
17	10	26%	0.328	$0.15		—	-0.587	44.7%	—	0
Call · $40 Last $0.15 Breakeven $40.15 Implied vol 26% Delta 0.328 ≈33% ITM Gamma 0.145 Theta -0.02 Vega 0.034 Open interest 17 Model this call Put · $40 In the money Last — Breakeven — Implied vol 44.7% Delta -0.587 ≈59% ITM Gamma 0.091 Theta -0.037 Vega 0.039 Open interest 0 Model this put
0	—	56.3%	0.157	—		—	-0.873	49.8%	—	0
Call · $45 Last — Breakeven — Implied vol 56.3% Delta 0.157 ≈16% ITM Gamma 0.045 Theta -0.029 Vega 0.027 Open interest 0 Model this call Put · $45 In the money Last — Breakeven — Implied vol 49.8% Delta -0.873 ≈87% ITM Gamma 0.044 Theta -0.022 Vega 0.018 Open interest 0 Model this put
0	—	—	—	—		—	-0.905	73.4%	—	0
Call · $50 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $50 In the money Last — Breakeven — Implied vol 73.4% Delta -0.905 ≈90% ITM Gamma 0.024 Theta -0.026 Vega 0.019 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 39311 CUSIP 453838609 13F (30d) 50 filings 30 filers Visit website Investor relations