Ticker Options Intelligence

MRLN options intelligence

Merlin, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 49 Market data through 29 Jul 2026 Checked 30 Jul 2026 03:49 · complete available chain

Volatility expansion watch

Volatility pressure

MRLN currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 45.7%, with volume/open-interest participation at 0.01.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 45.7%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.3%

RS -88.4

Expected move 45.7%
Put-call volume 0.12
Volume / OI 0.01
Reference IV 1.82
Max pain 5.00
Underlying 3.47
Nearest expiry 21 Aug 2026
Contracts 92

Options Intent Radar

Earnings/event positioning

84/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $110180 of estimated gross traded notional, calls · 22-45 days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+89
1W price-3.3%
Call premium80%
Put premium20%
Notional split C 80% / P 20% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 14 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 400 contracts traded, $32000 estimated gross traded notional, and 29% of visible notional.
$32000
Calls · 91+ days · OTM calls cluster with 507 contracts traded, $24383 estimated gross traded notional, and 22% of visible notional.
$24383
Calls · 91+ days · ITM calls cluster with 129 contracts traded, $21360 estimated gross traded notional, and 19% of visible notional.
$21360
Puts · 91+ days · ITM puts cluster with 22 contracts traded, $11900 estimated gross traded notional, and 11% of visible notional.
$11900
Calls · 46-90 days · ITM calls cluster with 76 contracts traded, $10590 estimated gross traded notional, and 10% of visible notional.
$10590

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Quiet tape

0

Activity is muted versus this ticker's stored history.

Volume rank0th
Volume/OI rank0th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close3.47
1W-3.3%
RS-88.4
Fair value-75.3%
Options pressure89
Speculation9
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 45.7% elevated
30d avg 34.6% · 1 read 100th
90d avg 34.6% · 1 read 100th
180d avg 34.6% · 1 read 100th
IV 1.82 muted
30d avg 1.94 · 1 read 0th
90d avg 1.94 · 1 read 0th
180d avg 1.94 · 1 read 0th
Put-call 0.12 elevated
30d avg 0.11 · 1 read 100th
90d avg 0.11 · 1 read 100th
180d avg 0.11 · 1 read 100th
Volume/OI 0.01 muted
30d avg 0.03 · 1 read 0th
90d avg 0.03 · 1 read 0th
180d avg 0.03 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:18 Volatility
Pressure 90
Move 34.6%
30 Jul 02:49 Volatility
Pressure 89
Move 45.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 400 · OI 828
Puts · V 0 · OI 15
Strike5.00
Calls · V 18 · OI 401
Puts · V 1 · OI 610
Strike7.50
Calls · V 0 · OI 323
Puts · V 0 · OI 683
Strike10.00
Calls · V 0 · OI 319
Puts · V 0 · OI 38
Strike12.50
Calls · V 0 · OI 7106
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 718
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV1.82
Put-call0.00
Expiry18 Sep 2026
Contracts14
Avg IV1.68
Put-call0.03
Expiry16 Oct 2026
Contracts22
Avg IV1.28
Put-call-
Expiry20 Nov 2026
Contracts14
Avg IV1.24
Put-call-
Expiry18 Dec 2026
Contracts14
Avg IV1.69
Put-call0.53

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.38
Put IV0.68
Skew-0.70
18 Sep 2026Call IV premium
Call IV1.30
Put IV0.46
Skew-0.84
16 Oct 2026Call IV premium
Call IV1.37
Put IV0.38
Skew-1.00
20 Nov 2026Call IV premium
Call IV1.58
Put IV0.32
Skew-1.26
18 Dec 2026Put IV premium
Call IV1.18
Put IV2.74
Skew1.56

Contract Tape

Most active contracts

Full contract tape
ContractMRLN260821C00002500
SideCall
Expiry21 Aug 2026
Strike2.50
Volume400
OI828
IV0.01
ContractMRLN270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume313
OI6800
IV1.16
ContractMRLN270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume112
OI2623
IV1.69
ContractMRLN270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume112
OI1416
IV1.61
ContractMRLN270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume102
OI17611
IV1.41
ContractMRLN270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume50
OI4284
IV1.49
ContractMRLN270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume40
OI2956
IV1.16
ContractMRLN261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume40
OI38
IV1.79