12 calls and 2 puts traded on Nov 4, 2026, 14 contracts in total. Open interest was 77 contracts. Over the past 30 days, volume averaged 2 contracts per day. The MBWM option volume chart shows volume by strike and expiration date.

Mercantile Bank IV rank is 12, so its 30-day implied volatility of 44.1% is near the bottom of its one-year range. Over the past year it ranged from 25.8% on Mar 4, 2026 to 177.4% on Jan 16, 2026. See the MBWM implied volatility history for a longer view.

The Mercantile Bank put/call volume ratio was 0.17 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 1.48. The MBWM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Mercantile Bank options about one week from expiration was $56.08, 8.9% below the $61.57 close. The MBWM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 52.9%, options price a move of about ±$4.51 (±7.3%) over the next week, a range of roughly $57.06 to $66.08 from the Nov 4, 2026 close. The MBWM expected move chart shows it for every expiration date.