Merchants Bancorp
Merchants Bancorp (MBIN) Covered Calls
As of September 28, 2026, MBIN has 5 covered call opportunities in the coming three months. Return ranges from 7.6 to 26.2% until expiration. Annualized return ranges from 19.1 to 52.1%. The nearest expiration is November 20, 2026. Maximum potential profit is $1,350.
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Running MBIN covered calls helps you generate consistent income from Merchants Bancorp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Merchants Bancorp 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 MBIN 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 MBIN 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 MBIN 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 Merchants Bancorp covered call is worth writing.
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions.
The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
Income-focused investors, long-term MBIN 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 MBIN covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Merchants Bancorp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryBanks - Regional
- SectorFinancial
- IV percentile56.35% Neutral
- Market cap (M$)2,368
- 52 weeks high-9.35%
- 52 weeks low69.74%
- Analyst recommendationBuy
2.33 - Target price$64.50
30.01% above the current stock price - Dividend—
- Payout ratio10.59%
- Earnings date2026-10-27
- P/E10.36
- Future P/E8.58
- EPS (ttm)4.97
- EPS growth next 5 years22.27%
As of September 28, 2026
| 2026-11-20 | 53 | 55.00 | 6.69 | 0.45 | 4.00 | 390.00 | 7.57 | 52.10 | -0.87 | +0.40 | 37 | 3.55 |
| 2027-05-21 | 235 | 65.00 | 26.09 | 0.05 | 4.90 | 1350.00 | 26.19 | 40.68 | -0.10 | +0.30 | 0 | 4.85 |
| 2027-05-21 | 235 | 60.00 | 16.39 | 1.30 | 4.90 | 975.00 | 18.91 | 29.38 | -2.52 | +0.37 | 0 | 3.60 |
| 2027-02-19 | 144 | 55.00 | 6.69 | 1.10 | 5.00 | 455.00 | 8.83 | 22.37 | -2.13 | +0.44 | 0 | 3.90 |
| 2027-05-21 | 235 | 55.00 | 6.69 | 2.90 | 6.50 | 635.00 | 12.32 | 19.13 | -5.63 | +0.50 | 0 | 3.60 |
As of September 28, 2026
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