MRDN Long Call Strategy
MRDN (Meridian Holdings Inc.), in the Technology sector, (Electronic Gaming & Multimedia industry), listed on NASDAQ.
Meridian Holdings, Inc. engages in offering casino, sportsbook, and competition products. Its brands include R Kings Competitions, MexPlay, and GM-AG. It operates through the Business-to-business (B2B) and Business-to-consumer (B2C) segments. The B2B segment is involved in the charges of usage of its software and royalties charged on the use of third-party gaming content. The B2C segment focuses on the charges to enter prize competitions in the United Kingdom. The company was founded by Weiting Feng and Anthony Brian Goodman on June 4, 2008 and is headquartered in Las Vegas, NV.
MRDN (Meridian Holdings Inc.) trades in the Technology sector, specifically Electronic Gaming & Multimedia, with a market capitalization of approximately $137.2M, a beta of 1.41 versus the broader market, a 52-week range of 5.796-23.76, average daily share volume of 41K, a public-listing history dating back to 2009, approximately 1K full-time employees. These structural characteristics shape how MRDN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.41 indicates MRDN has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a long call on MRDN?
A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.
Current MRDN snapshot
As of May 15, 2026, spot at $10.92, ATM IV 247.30%, expected move 70.90%. The long call on MRDN below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this long call structure on MRDN specifically: IV rank is unavailable in the current snapshot, so regime-based timing for MRDN is inferred from ATM IV at 247.30% alone, with a market-implied 1-standard-deviation move of approximately 70.90% (roughly $7.74 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MRDN expiries trade a higher absolute premium for lower per-day decay. Position sizing on MRDN should anchor to the underlying notional of $10.92 per share and to the trader's directional view on MRDN stock.
MRDN long call setup
The MRDN long call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MRDN near $10.92, the first option leg uses a $10.92 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MRDN chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 MRDN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $10.92 | N/A |
MRDN long call risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
MRDN long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on MRDN. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use long call on MRDN
Long calls on MRDN express a bullish thesis with defined risk; traders use them ahead of MRDN catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
MRDN thesis for this long call
The market-implied 1-standard-deviation range for MRDN extends from approximately $3.18 on the downside to $18.66 on the upside. A MRDN long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. As a Technology name, MRDN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MRDN-specific events.
MRDN long call positions are structurally bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. MRDN positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MRDN alongside the broader basket even when MRDN-specific fundamentals are unchanged. Long-premium structures like a long call on MRDN are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current MRDN chain quotes before placing a trade.
Frequently asked questions
- What is a long call on MRDN?
- A long call on MRDN is the long call strategy applied to MRDN (stock). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With MRDN stock trading near $10.92, the strikes shown on this page are snapped to the nearest listed MRDN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MRDN long call max profit and max loss calculated?
- Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the MRDN long call priced from the end-of-day chain at a 30-day expiry (ATM IV 247.30%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MRDN long call?
- The breakeven for the MRDN long call priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current MRDN market-implied 1-standard-deviation expected move is approximately 70.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long call on MRDN?
- Long calls on MRDN express a bullish thesis with defined risk; traders use them ahead of MRDN catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current MRDN implied volatility affect this long call?
- Current MRDN ATM IV is 247.30%; IV rank context is unavailable in the current snapshot.