Tour v482
MRK
MERCK & CO. INC.
$127.46 -2.10%
(7/31 18:53) ◀
|
Monday, August 3, 2026 (2:10pm)
January 2026
|
▶ (8/3 18:03)
◀ 8/3 14:10 ▶

Option Volume

Detail
ℹ
Current (08/03 2:10pm) 23,089
Calls: 12,624 (55%)
Puts: 10,465 (45%)
Prior (04/30) 40,221
Calls: 27,409 (68%)
Puts: 12,812 (32%)
Current vs Prior -42.59%
Calls: -53.94% (Calls)
Puts: -18.32% (Puts)
Prior 7-Day Total 77,363
Calls: 46,523 (60%)
Puts: 30,840 (40%)
Prior 7-Day Average 38,681
Calls: 6,646 (60%)
Puts: 4,405 (40%)
Current vs Prior 7-Day Avg -40.31%
Calls: +89.94%
Puts: +137.53%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 2:10pm) $7.79M
Calls: $4.36M (56%)
Puts: $3.43M (44%)
Prior (04/30) $8.06M
Calls: $3.57M (44%)
Puts: $4.49M (56%)
Current vs Prior -3.24%
Calls: +22.24%
Puts: -23.50%
Prior 7-Day Total $16.14M
Calls: $8.33M (52%)
Puts: $7.81M (48%)
Prior 7-Day Average $8.07M
Calls: $1.19M (52%)
Puts: $1.12M (48%)
Current vs Prior 7-Day Avg -3.42%
Calls: +266.64%
Puts: +207.54%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 2:10pm) 0.83
Prior (04/30) 0.47
Current vs Prior +77.34%
Prior 7-Day Average 0.71
Current vs Prior 7-Day Avg +17.54%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/03 2:10pm) 429,090
Calls: 236,320 (55%)
Puts: 192,770 (45%)
Prior (04/30) 494,293
Calls: 265,139 (54%)
Puts: 229,154 (46%)
Current vs Prior -13.19%
Prior 7-Day Total 958,953
Calls: 514,772 (54%)
Puts: 444,181 (46%)
Prior 7-Day Average 479,476
Calls: 257,386 (54%)
Puts: 222,090 (46%)
Current vs Prior 7-Day Avg -10.51%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 5.26% | 6.26%7.05% | 11.36%
Prior 4.20% | 6.07%-- | --
Current vs Prior +25.43% | +3.15%-- | --
Prior 7-Day Avg 3.25% | 5.17%-- | --
Current vs 7-Day Avg +61.96% | +21.10%-- | --
Prior 7-Day Eod 4.20% | 6.07%-- | --
Current vs 7-Day Eod +25.43% | +3.15%-- | --
Sentiment BEARISH--

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Prior 72.06% | 11.96%
Calls: 62.30% | 10.20%
Puts: 81.82% | 13.72%
Current vs Prior -83.40% | -11.04%
Prior 7-Day Avg 72.06% | 11.96%
Calls: 62.30% | 10.20%
Puts: 81.82% | 13.72%
Current vs 7-Day Avg -83.40% | -11.04%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Below-average activity with volume down 43% vs prior. P/C ratio rising 77% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:10BULLISHBULLISHBULLISH
14:05BEARISHBULLISHBULLISH

📈 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 35 of results (avg 7.9%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 283.503.75$3.636.9%10.43241
$110.00Aug 2117.1018.35$17.737.1%470.95751
$118.00Aug 79.7510.50$10.137.4%10.904
$127.00Aug 214.454.80$4.637.6%10.541.2K
$126.00Aug 73.804.10$3.957.6%100.5957
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$121.00Aug 211.771.84$1.813.9%400.2665
$120.00Aug 211.531.60$1.574.5%5850.233.4K
$119.00Aug 211.291.37$1.336.0%--0.2015
$131.00Aug 215.906.30$6.106.6%40.61136
$132.00Aug 216.557.00$6.786.6%--0.65146

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.65, cheapest $0.40)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$138.00Aug 210.891.04$0.9715.5%10.18107
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$118.00Aug 70.370.42$0.4012.5%1520.10181
$119.00Aug 70.490.59$0.5418.5%750.1331
$120.00Aug 70.620.75$0.6918.8%1730.1663

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 78 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Aug 716.4019.05$17.7314.9%20.991
$105.00Aug 2121.5024.25$22.8812.0%--0.9812
$114.00Aug 712.3015.15$13.7320.8%--0.9712
$110.00Aug 2117.1018.35$17.737.1%470.95751
$110.00Aug 1416.7019.25$17.9814.2%10.90--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 716.1018.55$17.3314.1%21.002
$146.00Aug 717.1019.45$18.2712.9%81.00--
$147.00Aug 718.1020.45$19.2712.2%81.00--
$150.00Aug 721.1523.75$22.4511.6%41.00--
$139.00Aug 710.2512.65$11.4521.0%--0.9213

Most actively traded options today. High liquidity = easy entry/exit. 188 active (total vol 16.1K, top 1.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$133.00Aug 141.321.83$1.5832.3%1.5K0.2947
$140.00Aug 210.610.77$0.6923.2%1.4K0.148.5K
$130.00Aug 213.053.40$3.2210.9%1.3K0.435.0K
$128.00Aug 72.803.05$2.938.5%5470.49126
$145.00Aug 70.050.10$0.0862.5%4900.0357
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$128.00Aug 214.204.50$4.356.9%1.5K0.501.1K
$124.00Aug 71.551.71$1.639.8%1.1K0.31489
$125.00Aug 212.873.25$3.0612.4%1.0K0.391.7K
$125.00Aug 71.892.14$2.0212.4%6070.36440
$120.00Aug 211.531.60$1.574.5%5850.233.4K

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 70.8%, max 168.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$143.00Aug 7Sep 1182.5%30.7%168.5%225
$142.00Aug 7Sep 1170.4%30.7%129.6%212
$127.00Aug 7Sep 458.5%31.2%87.7%390110
$141.00Aug 7Sep 1157.4%30.6%87.7%1034
$118.00Aug 7Sep 1159.4%32.2%84.4%24
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$121.00Aug 7Sep 1160.5%31.7%90.8%8268
$119.00Aug 7Sep 1159.7%31.4%90.3%7932
$125.00Aug 7Sep 1159.0%32.2%83.1%620441
$126.00Aug 7Sep 458.7%32.1%82.8%10557
$123.00Aug 7Sep 459.5%32.7%82.0%11884

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 157 found (best R:R 30.25, avg 2.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$141.00$145.00Aug 14$0.19$3.81$0.1920.05$141.19
$138.00$140.00Aug 14$0.16$1.84$0.1611.50$138.16
$143.00$145.00Aug 21$0.19$1.81$0.199.53$143.19
$136.00$137.00Aug 14$0.11$0.89$0.118.09$136.11
$139.00$140.00Aug 21$0.12$0.88$0.127.33$139.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 21$0.16$4.84$0.1630.25$109.84
$115.00$110.00Aug 21$0.33$4.67$0.3314.15$114.67
$117.00$116.00Aug 7$0.10$0.90$0.109.00$116.90
$118.00$115.00Sep 4$0.31$2.69$0.318.68$117.69
$119.00$118.00Aug 14$0.12$0.88$0.127.33$118.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 179 found (best R:R 49.00, avg 1.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$110.00$115.00Aug 21$4.63$4.63$0.3712.51$114.63
$117.00$120.00Aug 28$2.72$2.72$0.289.71$119.72
$114.00$118.00Aug 7$3.60$3.60$0.409.00$117.60
$118.00$119.00Aug 7$0.88$0.88$0.127.33$118.88
$122.00$123.00Aug 7$0.87$0.87$0.136.69$122.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$145.00$139.00Aug 7$5.88$5.88$0.1249.00$139.12
$135.00$134.00Aug 21$0.80$0.80$0.204.00$134.20
$131.00$130.00Aug 14$0.75$0.75$0.253.00$130.25
$139.00$135.00Aug 7$2.95$2.95$1.052.81$136.05
$131.00$130.00Aug 7$0.73$0.73$0.272.70$130.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 53 found (avg debit $0.55, cheapest $0.18)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$142.00Aug 7Aug 21$0.1870.4%37.4%
$150.00Aug 7Aug 21$0.2363.6%43.5%
$110.00Aug 7Aug 14$0.2558.5%64.7%
$140.00Aug 7Aug 14$0.2756.0%42.1%
$138.00Aug 7Aug 14$0.3055.5%40.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.2558.5%42.1%
$114.00Aug 7Aug 28$0.3258.9%32.1%
$115.00Aug 7Aug 14$0.3358.2%46.5%
$105.00Aug 7Aug 14$0.3576.7%71.8%
$120.00Aug 7Aug 14$0.3759.7%42.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 69 found (cheapest 4.87% of stock, avg 8.24%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$2.93$3.28$6.21$121.79$134.214.87%
$127.00Aug 7$3.43$2.86$6.29$120.71$133.294.93%
$126.00Aug 7$3.95$2.41$6.36$119.64$132.364.99%
$129.00Aug 7$2.48$3.93$6.41$122.59$135.415.03%
$130.00Aug 7$2.09$4.45$6.54$123.46$136.545.13%
$125.00Aug 7$4.58$2.02$6.60$118.40$131.605.18%
$124.00Aug 7$5.03$1.63$6.66$117.34$130.665.23%
$131.00Aug 7$1.75$5.18$6.93$124.07$137.935.44%
$132.00Aug 7$1.39$5.85$7.24$124.76$139.245.68%
$123.00Aug 7$5.88$1.37$7.25$115.75$130.255.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 2.17% of stock, avg 4.43%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$132.00$123.00Aug 7$1.39$1.37$2.76$120.24$134.76
$132.00$124.00Aug 7$1.39$1.63$3.02$120.98$135.02
$131.00$123.00Aug 7$1.75$1.37$3.12$119.88$134.12
$140.00$119.00Sep 11$1.34$1.87$3.21$115.79$143.21
$131.00$124.00Aug 7$1.75$1.63$3.38$120.62$134.38
$132.00$125.00Aug 7$1.39$2.02$3.41$121.59$135.41
$130.00$123.00Aug 7$2.09$1.37$3.46$119.54$133.46
$132.00$122.00Aug 14$1.90$1.57$3.47$118.53$135.47
$130.00$124.00Aug 7$2.09$1.63$3.72$120.28$133.72
$132.00$123.00Aug 14$1.90$1.86$3.76$119.24$135.76

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 264 found (best R:R 9.00, avg credit $1.08)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
114/115130/131Aug 28$0.90$0.109.00$114.10$130.90
123/124125/126Aug 7$0.89$0.118.09$123.11$125.89
115/116127/128Aug 14$0.89$0.118.09$115.11$127.89
120/121127/128Aug 28$0.89$0.118.09$120.11$127.89
122/123125/126Aug 7$0.88$0.127.33$122.12$125.88
122/123127/128Aug 21$0.88$0.127.33$122.12$127.88
122/123128/129Aug 21$0.88$0.127.33$122.12$128.88
114/115131/132Aug 28$0.88$0.127.33$114.12$131.88
117/118127/128Aug 28$0.88$0.127.33$117.12$127.88
121/122125/126Aug 28$0.88$0.127.33$121.12$125.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 64 found (best R:R 28.41, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$129.00$130.00$131.00Aug 7$0.05$0.9519.00
$144.00$145.00$146.00Aug 7$0.05$0.9519.00
$128.00$129.00$130.00Aug 7$0.06$0.9415.67
$136.00$137.00$138.00Aug 28$0.06$0.9415.67
$131.00$133.00$135.00Sep 11$0.12$1.8815.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.17$4.8328.41
$131.00$132.00$133.00Aug 7$0.05$0.9519.00
$117.00$118.00$119.00Aug 7$0.06$0.9415.67
$125.00$126.00$127.00Aug 7$0.06$0.9415.67
$145.00$146.00$147.00Aug 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. 88 found (best net $-0.29, 82 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$120.00$127.001:2Sep 4-$0.77$6.23
$145.00$150.001:2Aug 21-$0.23$4.77
$145.00$150.001:2Aug 28-$0.84$4.16
$141.00$145.001:2Aug 14-$0.22$3.78
$136.00$140.001:2Sep 11-$0.38$3.62
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$0.29$9.71
$131.00$125.001:2Sep 11-$1.05$4.95
$110.00$105.001:2Aug 28-$0.42$4.58
$114.00$110.001:2Aug 28-$0.25$3.75
$125.00$121.001:2Sep 11-$0.88$3.12

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 78 found (best yield 3.22%, avg 1.26%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$128.00Aug 28$4.100.500.4%3.22%3.64%615
$129.00Sep 4$4.000.471.2%3.14%4.35%55
$128.00Aug 21$3.950.500.4%3.10%3.52%30760
$130.00Sep 4$3.800.452.0%2.98%4.97%231
$129.00Aug 28$3.600.471.2%2.82%4.03%--21
$131.00Sep 11$3.550.422.8%2.79%5.56%22
$130.00Aug 28$3.500.432.0%2.75%4.74%1241
$129.00Aug 21$3.450.461.2%2.71%3.91%73165
$128.00Aug 14$3.300.490.4%2.59%3.01%1440
$131.00Sep 4$3.250.412.8%2.55%5.33%124

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 12,624
Total Puts 10,465
Put/Call Ratio 0.83
Net Difference 2,159

Prior's Put/Call Breakdown

Total Calls 27,409
Total Puts 12,812
Put/Call Ratio 0.47
Net Difference 14,597

Prior 7-Day Put/Call Summary

Total Calls 46,523
Total Puts 30,840
Average Put/Call Ratio 0.71
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