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Alerus Financial ALRS

US equityMarket cap rank #3410Banks - Regional
$32.04 −$0.32 (-0.99%)
Pre-market · Oct 8, 8:20 am ET · After hours $32.04 0.00%
Open$32.06
Prev close$32.36
Day range$31.71 – $32.18
Volume225.0K
Market cap$798.68M
P/E (TTM)29.7
Dividend yield2.65%

Average implied volatility across the listed chain right now: 147%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.

Open interest by strike

13151820232530354045CallsPuts

Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.

Implied volatility by strike

-1%166%334%502%132345CallsPuts

The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.

Calls

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $30.00 $2.53 $1.90/$2.65 0 71 47%
16 Oct 2026 $35.00 $0.30 $0.00/$0.95 0 6 62%
16 Oct 2026 $25.00 $7.39 $5.80/$9.50 0 0 164%
16 Oct 2026 $40.00 $0.02 $0.00/$0.95 0 0 69%
16 Oct 2026 $22.50 $9.89 $8.20/$12.00 0 0 207%
16 Oct 2026 $20.00 $12.38 $10.70/$14.50 0 0 258%
16 Oct 2026 $45.00 $0.00 $0.00/$0.95 0 0 76%
16 Oct 2026 $17.50 $14.88 $13.20/$17.00 0 0 315%
16 Oct 2026 $15.00 $17.38 $15.70/$19.50 0 0 381%
16 Oct 2026 $12.50 $19.88 $18.20/$22.00 0 0 460%

Puts

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $30.00 $0.14 $0.00/$1.15 0 1 41%
16 Oct 2026 $35.00 $2.91 $2.00/$4.20 0 1 51%
16 Oct 2026 $25.00 $0.00 $0.00/$0.95 0 10 54%
16 Oct 2026 $40.00 $7.65 $6.80/$9.20 0 0 82%
16 Oct 2026 $22.50 $0.00 $0.00/$0.95 0 1 65%
16 Oct 2026 $20.00 $0.00 $0.00/$0.95 0 0 85%
16 Oct 2026 $45.00 $12.64 $11.70/$14.30 0 0 115%
16 Oct 2026 $17.50 $0.00 $0.00/$0.95 0 0 108%
16 Oct 2026 $15.00 $0.00 $0.00/$0.95 0 0 134%
16 Oct 2026 $12.50 $0.00 $0.00/$0.95 0 0 165%

Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.

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