Tour v397
MRK
MERCK & CO. INC.
$131.07 +0.45%
$130.99 (-0.06%)🌙
as of 07/25 03:07 AM
(7/23 18:51) ◀
|
Friday, July 24, 2026 (3:07am)
January 2026
|
▶ (7/27 18:50)
◀ 7/24 03:07 ▶

Option Volume

Detail
ℹ
Current (07/25) 17,350
Calls: 14,612 (84%)
Puts: 2,738 (16%)
Prior (07/23) 29,168
Calls: 23,850 (82%)
Puts: 5,318 (18%)
Current vs Prior -40.52%
Calls: -38.73% (Calls)
Puts: -48.51% (Puts)
Prior 7-Day Total 181,175
Calls: 146,142 (81%)
Puts: 35,033 (19%)
Prior 7-Day Average 25,882
Calls: 20,877 (81%)
Puts: 5,004 (19%)
Current vs Prior 7-Day Avg -32.97%
Calls: -30.01%
Puts: -45.29%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/25) $6.94M
Calls: $6.20M (89%)
Puts: $744.4K (11%)
Prior (07/23) $6.54M
Calls: $5.05M (77%)
Puts: $1.49M (23%)
Current vs Prior +6.19%
Calls: +22.77%
Puts: -50.01%
Prior 7-Day Total $42.90M
Calls: $32.80M (76%)
Puts: $10.10M (24%)
Prior 7-Day Average $6.13M
Calls: $4.69M (76%)
Puts: $1.44M (24%)
Current vs Prior 7-Day Avg +13.25%
Calls: +32.22%
Puts: -48.40%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/25) 0.19
Prior (07/23) 0.22
Current vs Prior -15.96%
Prior 7-Day Average 0.32
Current vs Prior 7-Day Avg -41.97%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/25) 217,275
Calls: 142,903 (66%)
Puts: 74,372 (34%)
Prior (07/23) 236,988
Calls: 148,570 (63%)
Puts: 88,418 (37%)
Current vs Prior -8.32%
Prior 7-Day Total 1,750,343
Calls: 1,081,903 (62%)
Puts: 668,440 (38%)
Prior 7-Day Average 250,049
Calls: 154,557 (62%)
Puts: 95,491 (38%)
Current vs Prior 7-Day Avg -13.11%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 3.40% | 5.86%7.46% | 11.54%
Prior 1.82% | 3.79%7.98% | 12.02%
Current vs Prior +86.92% | +54.77%-6.47% | -3.94%
Prior 7-Day Avg 2.49% | 4.15%5.44% | 11.43%
Current vs 7-Day Avg +36.15% | +41.31%+37.11% | +0.96%
Prior 7-Day Eod 1.82% | 3.79%7.98% | 12.02%
Current vs 7-Day Eod +86.92% | +54.77%-6.47% | -3.94%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Prior 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($6.20M) vs puts ($744.4K). Below-average activity with volume down 41% vs prior. Extreme bullish P/C ratio of 0.19 - heavy call buying (14,612 calls vs 2,738 puts). Call-heavy open interest (142,903 calls vs 74,372 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 29 of results (avg 8.0%, best 3.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$115.00Aug 2116.7017.20$16.952.9%10.92363
$120.00Aug 2112.2012.60$12.403.2%40.841.1K
$130.00Aug 215.305.55$5.434.6%2620.564.5K
$129.00Aug 74.855.10$4.975.0%30.5966
$134.00Aug 213.403.60$3.505.7%270.42290
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$133.00Jul 312.913.15$3.037.9%90.65--
$125.00Aug 212.042.25$2.159.8%190.28744

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 77 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$109.00Jul 2421.0522.90$21.988.4%61.00--
$115.00Jul 2415.1017.35$16.2313.9%21.00--
$124.00Jul 246.758.15$7.4518.8%101.00253
$125.00Jul 245.807.10$6.4520.2%941.00248
$127.00Jul 243.854.75$4.3020.9%961.00443
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Jul 240.281.32$0.80130.0%30.98--
$133.00Jul 312.913.15$3.037.9%90.65--
$131.00Jul 240.000.98$0.49200.0%10.6285
$132.00Jul 312.222.54$2.3813.4%90.574
$132.00Aug 214.505.20$4.8514.4%20.513

Most actively traded options today. High liquidity = easy entry/exit. 238 active (total vol 12.8K, top 3.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Jul 240.000.01$0.01100.0%3.1K0.025.3K
$131.00Jul 240.050.55$0.30166.7%1.7K0.47892
$130.00Jul 240.871.53$1.2055.0%8021.002.5K
$121.00Jul 249.6511.05$10.3513.5%4560.84583
$137.00Aug 282.223.40$2.8142.0%4520.356
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$118.00Aug 210.631.11$0.8755.2%3260.136
$128.00Jul 240.000.01$0.01100.0%1050.01--
$130.00Jul 311.291.62$1.4622.6%730.4132
$120.00Aug 210.961.19$1.0821.3%620.163.1K
$122.00Aug 211.351.54$1.4513.1%510.2029

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 44 strikes (avg 1680.7%, max 5713.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Jul 24Aug 281595.0%31.4%4980.3%299
$117.00Jul 24Aug 211434.6%34.2%4088.6%329
$110.00Jul 24Jul 311960.3%50.3%3798.4%44521
$118.00Jul 24Aug 211359.1%35.5%3729.4%813
$120.00Jul 24Aug 211206.9%33.9%3457.0%61.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 24Aug 212339.5%40.2%5713.2%151.4K
$116.00Jul 24Sep 41509.9%36.1%4079.4%4--
$120.00Jul 24Sep 41206.9%31.5%3726.5%4424
$121.00Jul 24Aug 281130.2%32.8%3349.9%25462
$122.00Jul 24Aug 211052.5%33.5%3042.7%5229

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 125 found (best R:R 44.45, avg 3.57)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$141.00$145.00Aug 14$0.30$3.70$0.3012.33$141.30
$145.00$150.00Aug 28$0.38$4.62$0.3812.16$145.38
$145.00$150.00Aug 21$0.45$4.55$0.4510.11$145.45
$137.00$138.00Jul 31$0.10$0.90$0.109.00$137.10
$141.00$145.00Aug 7$0.42$3.58$0.428.52$141.42
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 21$0.11$4.89$0.1144.45$109.89
$119.00$105.00Aug 14$0.57$13.43$0.5723.56$118.43
$117.00$115.00Aug 21$0.12$1.88$0.1215.67$116.88
$115.00$110.00Aug 21$0.31$4.69$0.3115.13$114.69
$118.00$116.00Aug 7$0.13$1.87$0.1314.38$117.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 149 found (best R:R 10.11, avg 1.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$111.00$113.00Jul 24$1.82$1.82$0.1810.11$112.82
$130.00$131.00Jul 24$0.90$0.90$0.109.00$130.90
$115.00$117.00Aug 21$1.80$1.80$0.209.00$116.80
$118.00$120.00Aug 21$1.80$1.80$0.209.00$119.80
$115.00$119.00Aug 7$3.52$3.52$0.487.33$118.52
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$133.00$132.00Jul 31$0.65$0.65$0.351.86$132.35
$131.00$130.00Sep 4$0.65$0.65$0.351.86$130.35
$130.00$129.00Aug 7$0.57$0.57$0.431.33$129.43
$129.00$128.00Sep 4$0.57$0.57$0.431.33$128.43
$132.00$131.00Aug 21$0.50$0.50$0.501.00$131.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.81, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$126.00Jul 24Jul 31$0.06729.8%27.8%
$124.00Jul 24Jul 31$0.25277.5%30.9%
$115.00Jul 24Aug 7$0.27771.9%39.9%
$145.00Jul 24Aug 7$0.27701.9%37.5%
$136.00Jul 24Jul 31$0.37365.0%28.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$123.00Jul 24Aug 7$0.07973.9%38.1%
$124.00Jul 24Jul 31$0.24277.5%30.9%
$118.00Jul 31Aug 7$0.2743.6%38.5%
$125.00Jul 24Jul 31$0.32363.1%31.9%
$115.00Aug 7Aug 21$0.3239.9%35.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 59 found (cheapest 0.60% of stock, avg 7.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$131.00Jul 24$0.30$0.49$0.79$130.21$131.790.60%
$132.00Jul 24$0.01$0.80$0.81$131.19$132.810.62%
$130.00Jul 24$1.20$0.01$1.21$128.79$131.210.92%
$129.00Jul 24$2.28$0.01$2.29$126.71$131.291.75%
$128.00Jul 24$3.30$0.01$3.31$124.69$131.312.53%
$132.00Jul 31$1.57$2.38$3.95$128.05$135.953.01%
$131.00Jul 31$2.07$1.89$3.96$127.04$134.963.02%
$130.00Jul 31$2.61$1.46$4.07$125.93$134.073.11%
$133.00Jul 31$1.15$3.03$4.18$128.82$137.183.19%
$129.00Jul 31$3.18$1.08$4.26$124.74$133.263.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.82% of stock, avg 3.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$136.00$127.00Jul 31$0.50$0.57$1.07$125.93$137.07
$135.00$127.00Jul 31$0.64$0.57$1.21$125.79$136.21
$136.00$128.00Jul 31$0.50$0.78$1.28$126.72$137.28
$131.00$123.00Jul 24$0.30$1.07$1.37$121.63$132.37
$131.00$122.00Jul 24$0.30$1.07$1.37$120.63$132.37
$131.00$121.00Jul 24$0.30$1.07$1.37$119.63$132.37
$131.00$120.00Jul 24$0.30$1.07$1.37$118.63$132.37
$131.00$116.00Jul 24$0.30$1.07$1.37$114.63$132.37
$135.00$128.00Jul 31$0.64$0.78$1.42$126.58$136.42
$134.00$127.00Jul 31$0.88$0.57$1.45$125.55$135.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 219 found (best R:R 9.00, avg credit $1.26)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
128/129135/136Sep 4$0.90$0.109.00$128.10$135.90
122/123127/128Aug 7$0.87$0.136.69$122.13$127.87
124/125131/132Aug 14$0.87$0.136.69$124.13$131.87
116/117136/137Aug 28$0.86$0.146.14$116.14$136.86
125/126127/128Aug 7$0.85$0.155.67$125.15$127.85
116/117130/131Sep 4$0.85$0.155.67$116.15$130.85
128/129130/131Jul 31$0.84$0.165.25$128.16$130.84
121/122131/132Aug 14$0.84$0.165.25$121.16$131.84
120/121125/126Aug 7$0.83$0.174.88$120.17$125.83
122/123124/125Aug 14$0.83$0.174.88$122.17$124.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 61 found (best R:R 24.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$124.00$125.00$126.00Aug 21$0.05$0.9519.00
$130.00$131.00$132.00Aug 14$0.06$0.9415.67
$118.00$119.00$120.00Jul 24$0.07$0.9313.29
$131.00$132.00$133.00Aug 14$0.07$0.9313.29
$131.00$132.00$133.00Jul 31$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.20$4.8024.00
$122.00$123.00$124.00Aug 7$0.05$0.9519.00
$130.00$131.00$132.00Aug 21$0.05$0.9519.00
$130.00$131.00$132.00Jul 31$0.06$0.9415.67
$123.00$124.00$125.00Aug 21$0.07$0.9313.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 87 found (best net $-0.79, 73 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$142.00$150.001:2Jul 31-$0.79$7.21
$145.00$150.001:2Aug 28-$0.14$4.86
$150.00$155.001:2Jul 24-$1.07$3.93
$125.00$131.001:2Aug 28-$2.16$3.84
$136.00$140.001:2Aug 14-$0.30$3.70
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$105.001:2Aug 21$0.00$5.00
$126.00$121.001:2Aug 28-$0.36$4.64
$120.00$116.001:2Jul 24-$1.07$2.93
$112.00$109.001:2Jul 24-$0.15$2.85
$130.00$126.001:2Aug 28-$1.52$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 3.70%, avg 1.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$132.00Sep 4$4.850.500.7%3.70%4.41%10--
$132.00Aug 28$4.400.500.7%3.36%4.07%611
$132.00Aug 21$4.000.490.7%3.05%3.76%39142
$132.00Aug 14$3.850.480.7%2.94%3.65%4431
$133.00Aug 21$3.750.461.5%2.86%4.33%1189
$135.00Sep 4$3.450.423.0%2.63%5.63%13--
$133.00Aug 14$3.400.451.5%2.59%4.07%425
$134.00Aug 21$3.400.422.2%2.59%4.83%27290
$132.00Aug 7$3.350.460.7%2.56%3.27%44143
$136.00Sep 4$3.350.393.8%2.56%6.32%1--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 14,612
Total Puts 2,738
Put/Call Ratio 0.19
Net Difference 11,874

Prior's Put/Call Breakdown

Total Calls 23,850
Total Puts 5,318
Put/Call Ratio 0.22
Net Difference 18,532

Prior 7-Day Put/Call Summary

Total Calls 146,142
Total Puts 35,033
Average Put/Call Ratio 0.32
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All