MRLN · Merlin, Inc.

Track MRLN — free Ask ALVIS about MRLN

$3.48 -0.09 (-2.38%)

Market Cap

$343.63M

96.52M

Options Chain

15-min delayed Underlying $3.48 · today Options Calculator

Positioning

Aug 21, 2026 · 23 days to expiry · 14 contracts

Put / call OI

0.14

Call-heavy positioning

Open interest

11,041

contracts outstanding

Volume

136

traded today

Max pain

$5.00

$1.52 above spot

ATM implied vol

125%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 23d Sep 18 51d Oct 16 79d Nov 20 114d Dec 18 142d Jan 15 170d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
828	7	125%	0.882	$1.10		$0.20	—	—	6	15
Call · $2.5 In the money Last $1.10 Breakeven $3.60 Implied vol 125% Delta 0.882 ≈88% ITM Gamma 0.183 Theta -0.005 Vega 0.002 Open interest 828 Model this call Put · $2.5 Last $0.20 Breakeven $2.30 Implied vol — Delta — Gamma — Theta — Vega — Open interest 15 Model this put
Underlying $3.48
401	17	145.4%	0.204	$0.05		$1.65	-0.635	230.5%	1	610
Call · $5 Last $0.05 Breakeven $5.05 Implied vol 145.4% Delta 0.204 ≈20% ITM Gamma 0.225 Theta -0.008 Vega 0.003 Open interest 401 Model this call Put · $5 In the money Last $1.65 Breakeven $3.35 Implied vol 230.5% Delta -0.635 ≈64% ITM Gamma 0.188 Theta -0.016 Vega 0.003 Open interest 610 Model this put
323	12	206.4%	0.106	$0.10		$4.42	-0.624	385.2%	15	683
Call · $7.5 Last $0.10 Breakeven $7.60 Implied vol 206.4% Delta 0.106 ≈11% ITM Gamma 0.102 Theta -0.007 Vega 0.001 Open interest 323 Model this call Put · $7.5 In the money Last $4.42 Breakeven $3.08 Implied vol 385.2% Delta -0.624 ≈62% ITM Gamma 0.113 Theta -0.027 Vega 0.003 Open interest 683 Model this put
319	1	288.7%	0.131	$0.04		$7.02	-0.759	365.9%	1	38
Call · $10 Last $0.04 Breakeven $10.04 Implied vol 288.7% Delta 0.131 ≈13% ITM Gamma 0.085 Theta -0.012 Vega 0.002 Open interest 319 Model this call Put · $10 In the money Last $7.02 Breakeven $2.98 Implied vol 365.9% Delta -0.759 ≈76% ITM Gamma 0.099 Theta -0.021 Vega 0.002 Open interest 38 Model this put
7.1k	70	323.9%	0.121	$0.05		$8.00	-0.772	406.2%	2	0
Call · $12.5 Last $0.05 Breakeven $12.55 Implied vol 323.9% Delta 0.121 ≈12% ITM Gamma 0.07 Theta -0.012 Vega 0.002 Open interest 7.1k Model this call Put · $12.5 In the money Last $8.00 Breakeven $4.50 Implied vol 406.2% Delta -0.772 ≈77% ITM Gamma 0.085 Theta -0.022 Vega 0.003 Open interest 0 Model this put
718	4	397.9%	0.161	$0.05		—	-0.78	440%	—	0
Call · $15 Last $0.05 Breakeven $15.05 Implied vol 397.9% Delta 0.161 ≈16% ITM Gamma 0.07 Theta -0.018 Vega 0.003 Open interest 718 Model this call Put · $15 In the money Last — Breakeven — Implied vol 440% Delta -0.78 ≈78% ITM Gamma 0.077 Theta -0.023 Vega 0.003 Open interest 0 Model this put
0	—	453.5%	0.195	—		—	-0.786	469%	—	0
Call · $17.5 Last — Breakeven — Implied vol 453.5% Delta 0.195 ≈19% ITM Gamma 0.068 Theta -0.024 Vega 0.003 Open interest 0 Model this call Put · $17.5 In the money Last — Breakeven — Implied vol 469% Delta -0.786 ≈79% ITM Gamma 0.071 Theta -0.025 Vega 0.003 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 2028707 CUSIP 590106100 13F (30d) 3 filings 3 filers Visit website Investor relations