Merlin (MRLN) Options Chain
NASDAQ: MRLNTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $1.25
- Put/call ratio (OI)
- 0.35
- Put/call ratio (volume)
- 0.88
- ATM implied volatility
- 221.1%
- Expected move
- ±$0.9149
- Open interest (C / P)
- 1.89K / 665
MRLN options summary
The MRLN options chain for the November 20, 2026 expiration lists 7 call and 6 put contracts, with 40 days until expiration. Open interest stands at 1,889 calls and 665 puts, a put/call ratio of 0.35, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $2.50 strike is 221.1%, which implies the market expects a move of about ±$0.9149 (73.2%) in Merlin stock by expiration.
The most open interest sits at the $5.00 call (720 contracts) and the $5.00 put (594 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
MRLN options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 0.04 | 0.00 | 0.10 | 2.50 | 0.85 | 1.45 | 1.21 | |||||
| 0.04 | 0.00 | 0.05 | 5.00 | 3.30 | 4.10 | 3.70 | |||||
| 0.05 | 0.00 | 0.20 | 7.50 | 5.80 | 6.60 | 5.70 | |||||
| 0.25 | 0.00 | 0.00 | 10.00 | 8.30 | 9.10 | 6.83 | |||||
| 0.40 | 0.00 | 0.35 | 12.50 | 8.80 | 9.90 | 8.95 | |||||
| 0.55 | 0.00 | 0.40 | 15.00 | 10.10 | 13.70 | 11.61 | |||||
| 0.04 | 0.00 | 0.70 | 17.50 | — | — | — | |||||
In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.
Frequently asked questions
What is the MRLN put/call ratio?
For the November 20, 2026 expiration, the MRLN put/call ratio based on open interest is 0.35 (665 puts vs 1,889 calls), and 0.88 based on today's volume. A ratio above 1 means more puts than calls.
What is MRLN's implied volatility?
At-the-money implied volatility for MRLN options expiring November 20, 2026 is about 221.1%, an annualized estimate of how much the market expects Merlin stock to move.
How many MRLN option expiration dates are there?
MRLN has 7 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.
What does "in the money" mean?
A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.