Covered Calls

Orrstown Financial Services Inc

ORRFNASDAQ · USD

43.70USD-0.62 (-1.40%)

5109

Orrstown Financial Services Inc (ORRF) Covered Calls

Orrstown Financial Services Inc trades in the Banks - Regional industry with an IV Rank of 7.14%, low versus the past year. ORRF's highest covered call setup is the $45.00 strike expiring Nov 20, 2026, sorted by theoretical annualized return. It's 2.37% out of the money with 15 days to expiration, a 3.50% return until expiration, and a 85.24% theoretical annualized return. Across the setups shown, annualized returns run from 7.89% to 85.24% at strikes between $45.00 and $50.00, with 15 to 162 days to expiration, as of Nov 5, 2026.

Running ORRF covered calls helps you generate income from Orrstown Financial Services Inc shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best ORRF covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If ORRF stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling ORRF covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given ORRF covered call is worth writing.

Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans.


2026-11-20	15	45.00	2.37	0.50	1.05	154.00	3.50	85.24	-1.14	+0.39	243	0.55
2027-01-15	71	50.00	13.74	0.05	4.90	609.00	13.85	71.22	-0.11	+0.37	0	4.85
2027-04-16	162	50.00	13.74	0.05	4.90	609.00	13.85	31.21	-0.11	+0.37	47	4.85
2026-12-18	43	45.00	2.37	0.05	4.90	109.00	2.48	21.05	-0.11	+0.49	0	4.85
2027-01-15	71	45.00	2.37	0.10	4.90	114.00	2.59	13.33	-0.23	+0.49	6	4.80
2027-04-16	162	45.00	2.37	0.50	4.90	154.00	3.50	7.89	-1.14	+0.52	2	4.40

As of Nov 5, 2026

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Stock Statistics

IndustryBanks - Regional
SectorFinancial
IV Rank7.14% Low
Market cap (M$)872
52 weeks high-5.32%
52 weeks low32.97%
Analyst recommendationBuy
1.80
Target price$47.50
6.98% above the current stock price
Dividend—
Payout ratio25.37%
Earnings date2027-01-26
P/E9.87
Future P/E9.61
EPS (ttm)4.49
EPS growth next 5 years3.74%

As of Nov 10, 2026

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