MFA · Mfa Financial, Inc.

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$9.14 +0.07 (+0.77%) At close · Jul 24

Market Cap

$928.59M

101.60M

Options Chain

15-min delayed Underlying $9.14 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 26 days to expiry · 34 contracts

Put / call OI

0.36

Call-heavy positioning

Open interest

406

contracts outstanding

Volume

110

traded today

Max pain

$9.00

$0.14 below spot

ATM implied vol

26%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 26d Sep 18 54d Oct 16 82d Jan 15 173d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	1	—	—	$8.40		$0.10	—	—	1	1
Call · $1 In the money Last $8.40 Breakeven $9.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $1 Last $0.10 Breakeven $0.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this put
0	1	508.7%	0.961	$7.53		—	—	—	—	0
Call · $2 In the money Last $7.53 Breakeven $9.53 Implied vol 508.7% Delta 0.961 ≈96% ITM Gamma 0.007 Theta -0.016 Vega 0.002 Open interest 0 Model this call Put · $2 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	2	379%	0.943	$6.45		—	—	—	—	0
Call · $3 In the money Last $6.45 Breakeven $9.45 Implied vol 379% Delta 0.943 ≈94% ITM Gamma 0.012 Theta -0.017 Vega 0.002 Open interest 1 Model this call Put · $3 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	4	—	—	$5.75		—	—	—	—	0
Call · $4 In the money Last $5.75 Breakeven $9.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $4 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	3	165.2%	0.949	$4.75		—	—	—	—	0
Call · $5 In the money Last $4.75 Breakeven $9.75 Implied vol 165.2% Delta 0.949 ≈95% ITM Gamma 0.032 Theta -0.006 Vega 0.003 Open interest 3 Model this call Put · $5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	2	123.3%	0.932	$3.25		—	—	—	—	0
Call · $6 In the money Last $3.25 Breakeven $9.25 Implied vol 123.3% Delta 0.932 ≈93% ITM Gamma 0.054 Theta -0.005 Vega 0.003 Open interest 0 Model this call Put · $6 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	1	—	—	$2.15		—	—	—	—	0
Call · $7 In the money Last $2.15 Breakeven $9.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $7 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		$0.03	—	—	2	32
Call · $8 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $8 Last $0.03 Breakeven $7.97 Implied vol — Delta — Gamma — Theta — Vega — Open interest 32 Model this put
0	—	24.7%	0.611	—		$0.25	-0.427	27.3%	56	69
Call · $9 In the money Last — Breakeven — Implied vol 24.7% Delta 0.611 ≈61% ITM Gamma 0.754 Theta -0.003 Vega 0.009 Open interest 0 Model this call Put · $9 Last $0.25 Breakeven $8.75 Implied vol 27.3% Delta -0.427 ≈43% ITM Gamma 0.583 Theta -0.007 Vega 0.01 Open interest 69 Model this put
Underlying $9.14
278	11	39.1%	0.196	$0.03		$0.60	-0.934	21.9%	4	4
Call · $10 Last $0.03 Breakeven $10.03 Implied vol 39.1% Delta 0.196 ≈20% ITM Gamma 0.294 Theta -0.004 Vega 0.006 Open interest 278 Model this call Put · $10 In the money Last $0.60 Breakeven $9.40 Implied vol 21.9% Delta -0.934 ≈93% ITM Gamma 0.2 Theta -0.005 Vega 0.003 Open interest 4 Model this put
11	10	—	—	$0.05		$1.95	-0.986	0.8%	2	1
Call · $11 Last $0.05 Breakeven $11.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 11 Model this call Put · $11 In the money Last $1.95 Breakeven $9.05 Implied vol 0.8% Delta -0.986 ≈99% ITM Gamma 0 Theta -0.004 Vega 0 Open interest 1 Model this put
0	—	—	—	—		—	-0.986	0.8%	—	0
Call · $12 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $12 In the money Last — Breakeven — Implied vol 0.8% Delta -0.986 ≈99% ITM Gamma 0 Theta -0.004 Vega 0 Open interest 0 Model this put
2	2	—	—	$0.05		$4.00	-0.986	0.8%	2	0
Call · $13 Last $0.05 Breakeven $13.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $13 In the money Last $4.00 Breakeven $9.00 Implied vol 0.8% Delta -0.986 ≈99% ITM Gamma 0 Theta -0.004 Vega 0 Open interest 0 Model this put
0	—	—	—	—		$5.00	-0.986	0.8%	2	0
Call · $14 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $14 In the money Last $5.00 Breakeven $9.00 Implied vol 0.8% Delta -0.986 ≈99% ITM Gamma 0 Theta -0.003 Vega 0 Open interest 0 Model this put
0	—	—	—	—		$6.05	-0.986	0.8%	2	0
Call · $15 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $15 In the money Last $6.05 Breakeven $8.95 Implied vol 0.8% Delta -0.986 ≈99% ITM Gamma 0 Theta -0.003 Vega 0 Open interest 0 Model this put
0	—	—	—	—		—	-0.982	79.6%	—	0
Call · $16 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $16 In the money Last — Breakeven — Implied vol 79.6% Delta -0.982 ≈98% ITM Gamma 0.007 Theta -0.004 Vega 0 Open interest 0 Model this put
0	—	—	—	—		$7.60	-0.979	92.4%	2	0
Call · $17 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $17 In the money Last $7.60 Breakeven $9.40 Implied vol 92.4% Delta -0.979 ≈98% ITM Gamma 0.009 Theta -0.004 Vega 0.001 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 1055160 CUSIP 55272X607 13F (30d) 31 filings 31 filers Visit website Investor relations