Tour v487
MRK
MERCK & CO. INC.
$127.77 -1.87%
$127.78 (+0.01%)🌙
as of 08/03 06:03 PM
(8/3 14:10) ◀
|
Monday, August 3, 2026 (6:03pm)
January 2026
|
▶ (8/4 09:35)
◀ 8/3 18:03 ▶

Option Volume

Detail
ℹ
Current (08/03) 29,720
Calls: 15,413 (52%)
Puts: 14,307 (48%)
Prior (07/31) 10,717
Calls: 6,174 (58%)
Puts: 4,543 (42%)
Current vs Prior +177.32%
Calls: +149.64% (Calls)
Puts: +214.92% (Puts)
Prior 7-Day Total 127,135
Calls: 86,262 (68%)
Puts: 40,873 (32%)
Prior 7-Day Average 18,162
Calls: 12,323 (68%)
Puts: 5,839 (32%)
Current vs Prior 7-Day Avg +63.64%
Calls: +25.07%
Puts: +145.02%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03) $9.24M
Calls: $5.31M (57%)
Puts: $3.93M (43%)
Prior (07/31) $3.44M
Calls: $2.34M (68%)
Puts: $1.10M (32%)
Current vs Prior +168.46%
Calls: +126.51%
Puts: +257.88%
Prior 7-Day Total $39.25M
Calls: $28.08M (72%)
Puts: $11.18M (28%)
Prior 7-Day Average $5.61M
Calls: $4.01M (72%)
Puts: $1.60M (28%)
Current vs Prior 7-Day Avg +64.74%
Calls: +32.29%
Puts: +146.24%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03) 0.93
Prior (07/31) 0.74
Current vs Prior +26.15%
Prior 7-Day Average 0.63
Current vs Prior 7-Day Avg +48.09%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/03) 429,090
Calls: 236,320 (55%)
Puts: 192,770 (45%)
Prior (07/31) 282,201
Calls: 158,639 (56%)
Puts: 123,562 (44%)
Current vs Prior +52.05%
Prior 7-Day Total 1,702,418
Calls: 1,038,001 (61%)
Puts: 664,417 (39%)
Prior 7-Day Average 243,202
Calls: 148,285 (61%)
Puts: 94,916 (39%)
Current vs Prior 7-Day Avg +76.43%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 5.23% | 6.27%6.99% | 11.65%
Prior 5.21% | 5.79%6.87% | 11.04%
Current vs Prior +0.40% | +8.25%+1.79% | +5.45%
Prior 7-Day Avg 2.96% | 5.45%7.29% | 11.43%
Current vs 7-Day Avg +76.49% | +14.99%-4.12% | +1.87%
Prior 7-Day Eod 5.21% | 5.79%6.87% | 11.04%
Current vs 7-Day Eod +0.40% | +8.25%+1.79% | +5.45%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Prior 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs Prior -51.58% | -2.74%
Prior 7-Day Avg 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs 7-Day Avg -51.58% | -2.74%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Massive premium surge with dollar volume up 168% vs prior. Dollar volume significantly above 7-day average (65% higher). Unusually high activity with volume up 177% vs prior - elevated interest. Rising open interest (up 52%) indicates new positions being established.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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 3 of results (avg 9.0%, best 8.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$122.00Aug 217.508.20$7.858.9%160.732
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 215.055.50$5.288.5%120.56550
$128.00Aug 73.003.30$3.159.5%2470.50252

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.83, cheapest $0.60)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 70.700.84$0.7718.2%1760.19241
$139.00Aug 210.770.91$0.8416.7%270.16398
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 70.550.64$0.6015.0%2790.1463
$122.00Aug 70.901.04$0.9714.4%5610.2145
$120.00Aug 140.891.08$0.9919.2%90.1842

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 85 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Aug 716.4019.30$17.8516.2%30.991
$105.00Aug 2121.3525.30$23.3316.9%20.9812
$114.00Aug 712.4515.25$13.8520.2%--0.9812
$109.00Aug 717.3520.05$18.7014.4%10.96--
$110.00Aug 2117.1019.00$18.0510.5%470.96751
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 716.1018.55$17.3314.1%21.002
$146.00Aug 717.4519.65$18.5511.9%81.00--
$147.00Aug 718.4520.45$19.4510.3%81.00--
$150.00Aug 721.1523.75$22.4511.6%41.00--
$145.00Aug 2116.5018.40$17.4510.9%--0.9416

Most actively traded options today. High liquidity = easy entry/exit. 212 active (total vol 21.4K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$133.00Aug 141.392.03$1.7137.4%1.5K0.3047
$140.00Aug 210.630.80$0.7223.6%1.5K0.148.5K
$130.00Aug 213.003.55$3.2816.8%1.3K0.445.0K
$128.00Aug 72.803.25$3.0314.9%7570.50126
$134.00Aug 70.891.10$1.0021.0%6010.23315
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$128.00Aug 213.754.45$4.1017.1%1.6K0.491.1K
$124.00Aug 71.351.65$1.5020.0%1.5K0.30489
$125.00Aug 212.693.00$2.8510.9%1.1K0.371.7K
$120.00Aug 211.231.46$1.3517.0%7470.213.4K
$125.00Aug 71.551.95$1.7522.9%6300.34440

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 55 strikes (avg 73.8%, max 128.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$142.00Aug 7Sep 1171.0%31.1%128.4%212
$150.00Aug 7Sep 464.3%34.5%86.2%587
$141.00Aug 7Sep 1159.4%32.1%85.1%9234
$140.00Aug 7Sep 1157.2%31.0%84.5%193584
$128.00Aug 7Sep 458.8%32.2%82.8%770131
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Aug 2878.8%38.7%103.5%2097
$121.00Aug 7Sep 1159.9%32.0%87.2%13268
$122.00Aug 7Sep 1158.7%31.6%86.2%56646
$132.00Aug 7Sep 1160.3%32.6%85.0%39105
$123.00Aug 7Sep 1158.2%31.8%82.9%19066

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 166 found (best R:R 40.67, avg 3.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Aug 28$0.14$4.86$0.1434.71$145.14
$145.00$150.00Aug 21$0.20$4.80$0.2024.00$145.20
$143.00$145.00Sep 11$0.12$1.88$0.1215.67$143.12
$145.00$150.00Aug 14$0.31$4.69$0.3115.13$145.31
$138.00$140.00Aug 14$0.18$1.82$0.1810.11$138.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 21$0.12$4.88$0.1240.67$109.88
$110.00$105.00Aug 28$0.22$4.78$0.2221.73$109.78
$108.00$105.00Aug 7$0.16$2.84$0.1617.75$107.84
$118.00$115.00Sep 4$0.19$2.81$0.1914.79$117.81
$115.00$110.00Aug 21$0.37$4.63$0.3712.51$114.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 201 found (best R:R 24.00, avg 1.30)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$114.00$118.00Aug 7$3.52$3.52$0.487.33$117.52
$123.00$124.00Aug 7$0.88$0.88$0.127.33$123.88
$110.00$115.00Aug 21$4.40$4.40$0.607.33$114.40
$115.00$120.00Aug 14$4.35$4.35$0.656.69$119.35
$115.00$118.00Aug 21$2.60$2.60$0.406.50$117.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$137.00Aug 21$2.88$2.88$0.1224.00$137.12
$147.00$146.00Aug 7$0.90$0.90$0.109.00$146.10
$133.00$132.00Aug 7$0.88$0.88$0.127.33$132.12
$139.00$135.00Aug 7$3.33$3.33$0.674.97$135.67
$142.00$140.00Aug 21$1.62$1.62$0.384.26$140.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 56 found (avg debit $0.48, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$150.00Aug 7Aug 14$0.0964.3%47.6%
$110.00Aug 7Aug 14$0.1066.0%66.2%
$141.00Aug 7Aug 14$0.1659.4%40.7%
$142.00Aug 7Aug 21$0.1671.0%36.4%
$140.00Aug 7Aug 14$0.2757.2%41.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$133.00Aug 7Aug 14$0.1258.2%41.3%
$145.00Aug 7Aug 21$0.1257.4%36.4%
$135.00Aug 7Aug 14$0.1357.7%41.6%
$110.00Aug 7Aug 21$0.1866.0%41.4%
$115.00Aug 7Aug 14$0.1959.8%43.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 4.80% of stock, avg 8.23%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Aug 7$3.53$2.60$6.13$120.87$133.134.80%
$128.00Aug 7$3.03$3.15$6.18$121.82$134.184.84%
$129.00Aug 7$2.60$3.68$6.28$122.72$135.284.92%
$130.00Aug 7$2.15$4.15$6.30$123.70$136.304.93%
$125.00Aug 7$4.60$1.75$6.35$118.65$131.354.97%
$126.00Aug 7$4.20$2.19$6.39$119.61$132.395.00%
$131.00Aug 7$1.77$4.78$6.55$124.45$137.555.13%
$124.00Aug 7$5.32$1.50$6.82$117.18$130.825.34%
$132.00Aug 7$1.57$5.55$7.12$124.88$139.125.57%
$129.00Aug 14$3.23$4.08$7.31$121.69$136.315.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.12% of stock, avg 4.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$124.00Aug 7$1.21$1.50$2.71$121.29$135.71
$133.00$125.00Aug 7$1.21$1.75$2.96$122.04$135.96
$132.00$124.00Aug 7$1.57$1.50$3.07$120.93$135.07
$131.00$124.00Aug 7$1.77$1.50$3.27$120.73$134.27
$132.00$125.00Aug 7$1.57$1.75$3.32$121.68$135.32
$133.00$126.00Aug 7$1.21$2.19$3.40$122.60$136.40
$131.00$125.00Aug 7$1.77$1.75$3.52$121.48$134.52
$130.00$124.00Aug 7$2.15$1.50$3.65$120.35$133.65
$133.00$124.00Aug 14$1.71$1.99$3.70$120.30$136.70
$132.00$126.00Aug 7$1.57$2.19$3.76$122.24$135.76

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 245 found (best R:R 11.50, avg credit $1.06)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
105/108114/118Aug 7$3.68$0.3211.50$104.32$117.68
115/117118/120Aug 21$1.84$0.1611.50$115.16$119.84
115/117120/122Aug 21$1.80$0.209.00$115.20$121.80
114/115117/120Aug 28$2.70$0.309.00$112.30$119.70
114/115126/127Aug 28$0.90$0.109.00$114.10$126.90
123/124126/127Aug 28$0.90$0.109.00$123.10$126.90
119/120124/125Aug 7$0.89$0.118.09$119.11$124.89
121/122124/125Aug 7$0.89$0.118.09$121.11$124.89
122/123129/130Aug 28$0.89$0.118.09$122.11$129.89
125/126127/128Sep 4$0.89$0.118.09$125.11$127.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$139.00$140.00$141.00Aug 21$0.05$0.9519.00
$138.00$139.00$140.00Aug 28$0.06$0.9415.67
$127.00$128.00$129.00Aug 7$0.07$0.9313.29
$129.00$130.00$131.00Aug 7$0.07$0.9313.29
$131.00$132.00$133.00Aug 21$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$111.00$112.00$113.00Aug 7$0.05$0.9519.00
$120.00$121.00$122.00Aug 14$0.05$0.9519.00
$105.00$110.00$115.00Aug 21$0.25$4.7519.00
$118.00$119.00$120.00Aug 21$0.05$0.9519.00
$116.00$117.00$118.00Aug 7$0.06$0.9415.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 90 found (best net $-0.43, 79 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 28-$0.11$4.89
$136.00$140.001:2Sep 11-$0.22$3.78
$141.00$145.001:2Aug 14-$0.50$3.50
$147.00$150.001:2Aug 7-$0.03$2.97
$120.00$125.001:2Aug 28-$2.70$2.30
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$0.43$9.57
$114.00$110.001:2Aug 28-$0.25$3.75
$131.00$126.001:2Sep 11-$2.06$2.94
$118.00$115.001:2Sep 4-$0.97$2.03
$123.00$120.001:2Sep 4-$1.18$1.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 83 found (best yield 3.84%, avg 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$128.00Sep 4$4.900.520.2%3.84%4.02%135
$128.00Aug 28$4.400.510.2%3.44%3.62%1815
$129.00Sep 4$4.100.491.0%3.21%4.17%55
$128.00Aug 21$4.000.510.2%3.13%3.31%42560
$130.00Sep 4$3.800.461.8%2.97%4.72%251
$129.00Aug 21$3.650.481.0%2.86%3.82%74165
$131.00Sep 11$3.650.432.5%2.86%5.38%22
$129.00Aug 28$3.600.481.0%2.82%3.78%--21
$130.00Aug 28$3.550.451.8%2.78%4.52%9241
$128.00Aug 14$3.500.510.2%2.74%2.92%3140

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 15,413
Total Puts 14,307
Put/Call Ratio 0.93
Net Difference 1,106

Prior's Put/Call Breakdown

Total Calls 6,174
Total Puts 4,543
Put/Call Ratio 0.74
Net Difference 1,631

Prior 7-Day Put/Call Summary

Total Calls 86,262
Total Puts 40,873
Average Put/Call Ratio 0.63
Ratio Trend Rising

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