MBIN · Merchants Bancorp

Track MBIN — free Ask ALVIS about MBIN

$47.69 +1.02 (+2.19%) At close · Jul 24

Market Cap

$2.19B

45.94M

Options Chain

15-min delayed Underlying $47.69 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 27 days to expiry · 22 contracts

Put / call OI

1.53

Put-heavy positioning

Open interest

152

contracts outstanding

Volume

traded today

Max pain

$40.00

$7.69 below spot

ATM implied vol

48.1%

market's expected move

Open interest by strike

Calls Puts

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 27d Sep 18 55d Nov 20 118d Feb 19 209d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	2	138.4%	0.994	$23.26		—	—	—	—	0
Call · $20 In the money Last $23.26 Breakeven $43.26 Implied vol 138.4% Delta 0.994 ≈99% ITM Gamma 0.001 Theta -0.006 Vega 0.002 Open interest 1 Model this call Put · $20 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	6	117.8%	0.994	$20.58		—	—	—	—	0
Call · $22.5 In the money Last $20.58 Breakeven $43.08 Implied vol 117.8% Delta 0.994 ≈99% ITM Gamma 0.001 Theta -0.006 Vega 0.002 Open interest 3 Model this call Put · $22.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	1	99.3%	0.994	$17.95		$0.95	—	—	5	5
Call · $25 In the money Last $17.95 Breakeven $42.95 Implied vol 99.3% Delta 0.994 ≈99% ITM Gamma 0.001 Theta -0.005 Vega 0.002 Open interest 0 Model this call Put · $25 Last $0.95 Breakeven $24.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this put
0	—	92.9%	0.977	—		$0.20	-0.055	120.7%	5	48
Call · $30 In the money Last — Breakeven — Implied vol 92.9% Delta 0.977 ≈98% ITM Gamma 0.004 Theta -0.014 Vega 0.005 Open interest 0 Model this call Put · $30 Last $0.20 Breakeven $29.80 Implied vol 120.7% Delta -0.055 ≈6% ITM Gamma 0.007 Theta -0.032 Vega 0.018 Open interest 48 Model this put
4	2	77.3%	0.946	$12.25		$1.72	-0.075	86.8%	13	27
Call · $35 In the money Last $12.25 Breakeven $47.25 Implied vol 77.3% Delta 0.946 ≈95% ITM Gamma 0.011 Theta -0.023 Vega 0.011 Open interest 4 Model this call Put · $35 Last $1.72 Breakeven $33.28 Implied vol 86.8% Delta -0.075 ≈7% ITM Gamma 0.013 Theta -0.029 Vega 0.019 Open interest 27 Model this put
0	—	59.9%	0.882	—		$2.60	-0.159	72.6%	10	10
Call · $40 In the money Last — Breakeven — Implied vol 59.9% Delta 0.882 ≈88% ITM Gamma 0.026 Theta -0.031 Vega 0.031 Open interest 0 Model this call Put · $40 Last $2.60 Breakeven $37.40 Implied vol 72.6% Delta -0.159 ≈16% ITM Gamma 0.026 Theta -0.042 Vega 0.031 Open interest 10 Model this put
0	—	50.2%	0.694	—		$1.28	-0.344	73.5%	2	2
Call · $45 In the money Last — Breakeven — Implied vol 50.2% Delta 0.694 ≈69% ITM Gamma 0.055 Theta -0.045 Vega 0.043 Open interest 0 Model this call Put · $45 Last $1.28 Breakeven $43.72 Implied vol 73.5% Delta -0.344 ≈34% ITM Gamma 0.039 Theta -0.065 Vega 0.049 Open interest 2 Model this put
Underlying $47.69
40	2	53.9%	0.405	$4.00		—	-0.635	42.4%	—	0
Call · $50 Last $4.00 Breakeven $54.00 Implied vol 53.9% Delta 0.405 ≈41% ITM Gamma 0.056 Theta -0.052 Vega 0.053 Open interest 40 Model this call Put · $50 In the money Last — Breakeven — Implied vol 42.4% Delta -0.635 ≈64% ITM Gamma 0.07 Theta -0.037 Vega 0.046 Open interest 0 Model this put
10	10	56.4%	0.201	$1.75		—	-0.885	42.3%	—	0
Call · $55 Last $1.75 Breakeven $56.75 Implied vol 56.4% Delta 0.201 ≈20% ITM Gamma 0.039 Theta -0.039 Vega 0.037 Open interest 10 Model this call Put · $55 In the money Last — Breakeven — Implied vol 42.3% Delta -0.885 ≈89% ITM Gamma 0.038 Theta -0.017 Vega 0.024 Open interest 0 Model this put
2	2	64.1%	0.111	$1.70		$11.20	-0.924	58.1%	4	0
Call · $60 Last $1.70 Breakeven $61.70 Implied vol 64.1% Delta 0.111 ≈11% ITM Gamma 0.023 Theta -0.03 Vega 0.026 Open interest 2 Model this call Put · $60 In the money Last $11.20 Breakeven $48.80 Implied vol 58.1% Delta -0.924 ≈92% ITM Gamma 0.021 Theta -0.018 Vega 0.023 Open interest 0 Model this put
0	—	—	—	—		—	-0.936	72.2%	—	0
Call · $65 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $65 In the money Last — Breakeven — Implied vol 72.2% Delta -0.936 ≈94% ITM Gamma 0.015 Theta -0.019 Vega 0.015 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 1629019 CUSIP 58844R108 13F (30d) 33 filings 33 filers Visit website Investor relations