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Independent Bank (Ionia MI) IBCP

US equityMarket cap rank #3419Banks - Regional
$35.55 −$0.24 (-0.67%)
Pre-market · Oct 8, 8:20 am ET · After hours $35.55 0.00%
Open$35.56
Prev close$35.79
Day range$35.27 – $35.80
Volume175.2K
Market cap$789.18M
P/E (TTM)10.3
Dividend yield3.04%

Average implied volatility across the listed chain right now: 105%. 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

202325303540455055CallsPuts

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

-26%77%179%281%203555CallsPuts

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 $35.00 $1.70 $0.00/$4.90 0 0 65%
16 Oct 2026 $40.00 $0.05 $0.00/$0.05 0 0 45%
16 Oct 2026 $30.00 $5.94 $4.10/$8.00 0 0 113%
16 Oct 2026 $45.00 $0.00 $0.00/$1.00 0 0 45%
16 Oct 2026 $25.00 $10.88 $9.30/$13.00 0 0 204%
16 Oct 2026 $22.50 $13.37 $11.90/$15.50 0 0 255%
16 Oct 2026 $50.00 $0.00 $0.00/$1.00 0 0 61%
16 Oct 2026 $20.00 $15.87 $13.50/$18.00 0 0 228%
16 Oct 2026 $55.00 $0.00 $0.00/$1.00 0 0 76%

Puts

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $35.00 $0.81 $0.00/$1.75 0 0 51%
16 Oct 2026 $40.00 $4.22 $2.45/$6.20 0 0 0%
16 Oct 2026 $30.00 $0.06 $0.00/$1.25 0 0 66%
16 Oct 2026 $45.00 $9.21 $7.10/$11.10 0 0 0%
16 Oct 2026 $25.00 $0.00 $0.00/$1.00 0 0 79%
16 Oct 2026 $22.50 $0.00 $0.00/$1.00 0 0 82%
16 Oct 2026 $50.00 $14.21 $12.00/$16.50 0 0 0%
16 Oct 2026 $20.00 $0.00 $0.00/$1.00 0 0 102%
16 Oct 2026 $55.00 $19.21 $17.00/$21.50 0 0 0%

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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