Arrow Financial Corp
Arrow Financial Corp (AROW) Covered Calls
As of September 29, 2026, AROW has 2 covered call opportunities in the coming three months. Return ranges from 6.6 to 6.6% until expiration. Annualized return ranges from 14.1 to 29.9%. The nearest expiration is December 18, 2026. Maximum potential profit is $251.
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Running AROW covered calls helps you generate consistent income from Arrow Financial Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Arrow Financial Corp involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best AROW covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.
A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if AROW 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 AROW covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given Arrow Financial Corp covered call is worth writing.
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects.
The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns 26 branch banking offices; and leases 12 branch banking offices, as well as two residential loan origination offices. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.
Income-focused investors, long-term AROW holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling AROW covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Arrow Financial Corp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryBanks - Regional
- SectorFinancial
- IV percentile19.84% Subdued
- Market cap (M$)691
- 52 weeks high-12.62%
- 52 weeks low44.17%
- Analyst recommendationBuy
2.25 - Target price$43.50
16.59% above the current stock price - Dividend—
- Payout ratio42.95%
- Earnings date2026-10-29
- P/E11.99
- Future P/E8.66
- EPS (ttm)3.11
- EPS growth next 5 years—
As of September 29, 2026
| 2026-12-18 | 81 | 40.00 | 5.85 | 0.30 | 4.90 | 251.00 | 6.64 | 29.93 | -0.79 | +0.46 | 2 | 4.60 |
| 2027-03-19 | 172 | 40.00 | 5.85 | 0.30 | 4.90 | 251.00 | 6.64 | 14.09 | -0.79 | +0.47 | 2 | 4.60 |
As of September 29, 2026
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