Tour v490
MRK
MERCK & CO. INC.
$126.84 -0.73%
(8/3 18:03) ◀
|
Tuesday, August 4, 2026 (9:35am)
January 2026
|
▶ (8/4 09:40)
◀ 8/4 09:35 ▶

Option Volume

Detail
ℹ
Current (08/04 9:35am) 960
Calls: 532 (55%)
Puts: 428 (45%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -97.22% (Calls)
Puts: -97.63% (Puts)
Prior 7-Day Total 100,452
Calls: 59,147 (59%)
Puts: 41,305 (41%)
Prior 7-Day Average 33,484
Calls: 8,449 (59%)
Puts: 5,900 (41%)
Current vs Prior 7-Day Avg -97.13%
Calls: -93.70%
Puts: -92.75%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 9:35am) $144.1K
Calls: $87.0K (60%)
Puts: $57.1K (40%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -98.17%
Puts: -98.28%
Prior 7-Day Total $23.93M
Calls: $12.69M (53%)
Puts: $11.25M (47%)
Prior 7-Day Average $7.98M
Calls: $1.81M (53%)
Puts: $1.61M (47%)
Current vs Prior 7-Day Avg -98.19%
Calls: -95.20%
Puts: -96.45%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 9:35am) 0.80
Prior 1.00
Current vs Prior -19.55%
Prior 7-Day Average 0.75
Current vs Prior 7-Day Avg +7.76%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/04 9:35am) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 1,388,043
Calls: 751,092 (54%)
Puts: 636,951 (46%)
Prior 7-Day Average 462,681
Calls: 250,364 (54%)
Puts: 212,317 (46%)
Current vs Prior 7-Day Avg -4.64%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.74% | 5.20%6.24% | 10.14%
Prior 2.30% | 4.27%7.05% | 11.36%
Current vs Prior +62.23% | +21.67%-11.37% | -10.75%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -4.71% | -6.11%-11.37% | -10.75%
Prior 7-Day Eod 2.30% | 4.27%6.99% | 11.65%
Current vs 7-Day Eod +62.23% | +21.67%-10.66% | -12.94%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 78.77% | 59.19%
Calls: 63.24% | 43.87%
Puts: 94.30% | 74.52%
Prior 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs Prior +218.91% | +441.04%
Prior 7-Day Avg 48.38% | 11.45%
Calls: 40.11% | 11.32%
Puts: 56.65% | 11.57%
Current vs 7-Day Avg +62.82% | +416.94%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 60% call dollar volume ($87.0K).

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 NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:10BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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 -- of results (avg --%, best --%)

No options available for this category

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. 79 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Aug 2121.3024.00$22.6511.9%--0.9713
$110.00Aug 2116.4019.10$17.7515.2%--0.97704
$105.00Sep 1821.6524.50$23.0812.3%--0.951.1K
$114.00Aug 712.1014.75$13.4319.7%--0.9412
$120.00Aug 76.408.55$7.4828.7%--0.9415
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 73.906.50$5.2050.0%--1.00117
$133.00Aug 75.257.15$6.2030.6%--1.0088
$135.00Aug 76.409.25$7.8336.4%--1.0010
$139.00Aug 710.3013.10$11.7023.9%--1.0013
$145.00Aug 2116.3519.05$17.7015.3%--1.0016

Most actively traded options today. High liquidity = easy entry/exit. 74 active (total vol 920, top 225)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 210.030.23$0.13153.8%540.041.5K
$140.00Aug 210.310.67$0.4973.5%500.117.2K
$130.00Aug 211.872.43$2.1526.0%490.395.6K
$132.00Aug 211.262.66$1.9671.4%400.33217
$128.00Aug 71.002.49$1.7585.1%330.50675
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.28133
$124.00Aug 211.032.54$1.7984.4%340.33101
$114.00Aug 70.010.62$0.32190.6%210.07115
$121.00Aug 210.531.52$1.0297.1%150.21125
$127.00Aug 212.543.90$3.2242.2%150.4885

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 67.8%, max 416.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18141.8%29.0%388.0%13.2K
$142.00Aug 7Aug 2888.7%30.7%188.7%--56
$143.00Aug 7Aug 2186.1%31.7%171.9%--177
$145.00Aug 7Sep 1872.7%30.3%139.8%222.0K
$137.00Aug 7Aug 2866.5%30.7%116.7%--534
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18173.3%33.6%416.4%13.9K
$114.00Aug 7Aug 2883.6%32.3%159.3%21127
$110.00Aug 7Sep 1874.6%31.7%135.1%55.9K
$119.00Aug 7Sep 457.3%30.3%88.8%6124
$115.00Aug 7Sep 1857.5%30.5%88.3%72.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 107 found (best R:R 37.46, avg 3.58)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Aug 28$0.23$4.77$0.2320.74$145.23
$145.00$150.00Sep 18$0.43$4.57$0.4310.63$145.43
$127.00$128.00Aug 21$0.10$0.90$0.109.00$127.10
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$140.00$145.00Sep 18$0.54$4.46$0.548.26$140.54
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 28$0.13$4.87$0.1337.46$109.87
$115.00$110.00Aug 21$0.30$4.70$0.3015.67$114.70
$110.00$105.00Sep 18$0.31$4.69$0.3115.13$109.69
$117.00$115.00Aug 28$0.17$1.83$0.1710.76$116.83
$119.00$117.00Aug 28$0.18$1.82$0.1810.11$118.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 142 found (best R:R 49.00, avg 2.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$110.00Aug 21$4.90$4.90$0.1049.00$109.90
$114.00$119.00Aug 7$4.80$4.80$0.2024.00$118.80
$110.00$115.00Aug 21$4.72$4.72$0.2816.86$114.72
$105.00$110.00Sep 18$4.63$4.63$0.3712.51$109.63
$123.00$124.00Aug 7$0.88$0.88$0.127.33$123.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.87$3.87$0.1329.77$135.13
$145.00$142.00Aug 21$2.90$2.90$0.1029.00$142.10
$150.00$145.00Sep 18$4.75$4.75$0.2519.00$145.25
$145.00$140.00Sep 18$4.48$4.48$0.528.62$140.52
$132.00$131.00Aug 14$0.85$0.85$0.155.67$131.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $0.65, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$139.00Aug 7Aug 21$0.0867.2%32.0%
$141.00Aug 7Aug 21$0.1955.3%31.5%
$140.00Aug 7Aug 14$0.3249.7%40.3%
$105.00Aug 21Sep 18$0.4348.6%33.6%
$136.00Aug 7Aug 14$0.5151.0%39.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$114.00Aug 7Aug 28$0.0683.6%32.3%
$110.00Aug 7Aug 21$0.0874.6%37.0%
$135.00Aug 7Aug 14$0.2043.4%40.1%
$119.00Aug 7Aug 14$0.2257.3%37.7%
$132.00Aug 7Aug 14$0.3033.6%38.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 70 found (cheapest 3.13% of stock, avg 7.50%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$1.75$2.22$3.97$124.03$131.973.13%
$130.00Aug 7$0.72$3.25$3.97$126.03$133.973.13%
$127.00Aug 7$2.48$1.58$4.06$122.94$131.063.20%
$129.00Aug 7$1.34$2.78$4.12$124.88$133.123.25%
$126.00Aug 7$3.16$1.39$4.55$121.45$130.553.59%
$131.00Aug 7$0.82$4.06$4.88$126.12$135.883.85%
$125.00Aug 7$3.75$1.20$4.95$120.05$129.953.90%
$124.00Aug 7$4.32$0.70$5.02$118.98$129.023.96%
$132.00Aug 7$0.35$5.20$5.55$126.45$137.554.38%
$123.00Aug 7$5.20$0.43$5.63$117.37$128.634.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.73% of stock, avg 3.07%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$123.00Aug 7$0.50$0.43$0.93$122.07$133.93
$150.00$110.00Sep 18$0.30$0.63$0.93$109.07$150.93
$130.00$123.00Aug 7$0.72$0.43$1.15$121.85$131.15
$133.00$124.00Aug 7$0.50$0.70$1.20$122.80$134.20
$131.00$123.00Aug 7$0.82$0.43$1.25$121.75$132.25
$145.00$110.00Sep 18$0.73$0.63$1.36$108.64$146.36
$130.00$124.00Aug 7$0.72$0.70$1.42$122.58$131.42
$131.00$124.00Aug 7$0.82$0.70$1.52$122.48$132.52
$150.00$115.00Sep 18$0.30$1.27$1.57$113.43$151.57
$133.00$125.00Aug 7$0.50$1.20$1.70$123.30$134.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 191 found (best R:R 11.50, avg credit $1.23)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
127/129133/134Aug 28$1.84$0.1611.50$127.16$134.84
105/110115/120Sep 18$4.56$0.4410.36$105.44$119.56
123/124127/128Aug 14$0.90$0.109.00$123.10$127.90
129/130134/135Aug 28$0.90$0.109.00$129.10$134.90
135/140145/150Sep 18$4.48$0.528.62$135.52$149.48
115/116127/128Aug 7$0.89$0.118.09$115.11$127.89
120/121127/128Aug 7$0.89$0.118.09$120.11$127.89
118/119120/122Aug 21$1.77$0.237.70$117.23$121.77
124/125126/127Aug 14$0.88$0.127.33$124.12$126.88
124/125129/130Aug 14$0.88$0.127.33$124.12$129.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 83 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$110.00$115.00$120.00Sep 18$0.10$4.9049.00
$140.00$145.00$150.00Sep 18$0.11$4.8944.45
$130.00$135.00$140.00Sep 18$0.15$4.8532.33
$105.00$110.00$115.00Aug 21$0.18$4.8226.78
$126.00$127.00$128.00Aug 28$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$140.00$145.00$150.00Sep 18$0.27$4.7317.52
$129.00$130.00$131.00Sep 4$0.06$0.9415.67
$105.00$110.00$115.00Sep 18$0.33$4.6714.15
$105.00$110.00$115.00Aug 21$0.34$4.6613.71
$110.00$115.00$120.00Sep 18$0.39$4.6111.82

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 105 found (best net $-1.57, 91 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 28-$0.02$4.98
$145.00$150.001:2Aug 21-$0.03$4.97
$140.00$145.001:2Sep 18-$0.19$4.81
$130.00$135.001:2Sep 18-$1.12$3.88
$125.00$130.001:2Sep 18-$1.53$3.47
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.57$8.43
$129.00$123.001:2Sep 4-$0.04$5.96
$110.00$105.001:2Sep 18-$0.01$4.99
$110.00$105.001:2Aug 21-$0.21$4.79
$120.00$115.001:2Sep 18-$0.24$4.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 2.76%, avg 0.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$3.500.432.5%2.76%5.25%--5.3K
$127.00Aug 28$3.400.560.1%2.68%2.81%--10
$128.00Aug 28$3.150.520.9%2.48%3.40%1529
$128.00Sep 4$3.150.510.9%2.48%3.40%--17
$127.00Aug 21$3.050.530.1%2.40%2.53%--1.2K
$129.00Aug 28$2.700.491.7%2.13%3.83%--21
$128.00Aug 21$2.640.490.9%2.08%3.00%--384
$130.00Sep 4$2.510.452.5%1.98%4.47%--26
$127.00Aug 14$2.350.560.1%1.85%1.98%3645
$130.00Aug 28$2.350.452.5%1.85%4.34%--243

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 532
Total Puts 428
Put/Call Ratio 0.80
Net Difference 104

Prior's Put/Call Breakdown

Total Calls 19,114
Total Puts 18,028
Put/Call Ratio 1.00
Net Difference 1,086

Prior 7-Day Put/Call Summary

Total Calls 59,147
Total Puts 41,305
Average Put/Call Ratio 0.75
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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