First Financial Bancorp
First Financial Bancorp (FFBC) Covered Calls
First Financial Bancorp trades in the Banks - Regional industry with an IV Rank of 9.92%, low versus the past year. FFBC's highest covered call setup is the $35.00 strike expiring Feb 19, 2027, sorted by theoretical annualized return. It's 7.69% out of the money with 106 days to expiration, a 10.15% return until expiration, and a 34.96% theoretical annualized return. Across the setups shown, annualized returns run from 17.39% to 34.96% at strikes between $35.00 and $35.00, with 106 to 197 days to expiration, as of Nov 5, 2026.
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Running FFBC covered calls helps you generate income from First Financial Bancorp 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 FFBC 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 FFBC 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 FFBC 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 FFBC covered call is worth writing.
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-occupied and/or investor income producing real estate consisting of apartments, shopping centers, or office buildings; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit.
| 2027-02-19 | 106 | 35.00 | 7.69 | 0.80 | 1.25 | 330.00 | 10.15 | 34.96 | -2.46 | +0.36 | 4,674 | 0.45 |
| 2027-05-21 | 197 | 35.00 | 7.69 | 0.55 | 4.00 | 305.00 | 9.38 | 17.39 | -1.69 | +0.46 | 2 | 3.45 |
As of Nov 5, 2026
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- IndustryBanks - Regional
- SectorFinancial
- IV Rank9.92% Low
- Market cap (M$)3,419
- 52 weeks high-10.32%
- 52 weeks low40.33%
- Analyst recommendationBuy
2.00 - Target price$37.71
15.14% above the current stock price - Dividend—
- Payout ratio36.87%
- Earnings date2027-01-28
- P/E11.41
- Future P/E9.44
- EPS (ttm)2.85
- EPS growth next 5 years12.45%
As of Nov 5, 2026