Tour v490
MRK
MERCK & CO. INC.
$127.34 -0.34%
(8/4 09:35) ◀
|
Tuesday, August 4, 2026 (9:40am)
January 2026
|
▶ (8/4 09:45)
◀ 8/4 09:40 ▶

Option Volume

Detail
ℹ
Current (08/04 9:40am) 2,427
Calls: 1,731 (71%)
Puts: 696 (29%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -90.94% (Calls)
Puts: -96.14% (Puts)
Prior 7-Day Total 101,412
Calls: 59,679 (59%)
Puts: 41,733 (41%)
Prior 7-Day Average 25,353
Calls: 8,525 (59%)
Puts: 5,961 (41%)
Current vs Prior 7-Day Avg -90.43%
Calls: -79.70%
Puts: -88.33%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 9:40am) $289.2K
Calls: $205.1K (71%)
Puts: $84.2K (29%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -95.69%
Puts: -97.47%
Prior 7-Day Total $24.08M
Calls: $12.77M (53%)
Puts: $11.30M (47%)
Prior 7-Day Average $6.02M
Calls: $1.82M (53%)
Puts: $1.61M (47%)
Current vs Prior 7-Day Avg -95.20%
Calls: -88.76%
Puts: -94.79%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 9:40am) 0.40
Prior 1.00
Current vs Prior -59.79%
Prior 7-Day Average 0.76
Current vs Prior 7-Day Avg -47.16%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 9:40am) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 1,829,263
Calls: 992,852 (54%)
Puts: 836,411 (46%)
Prior 7-Day Average 457,315
Calls: 248,213 (54%)
Puts: 209,102 (46%)
Current vs Prior 7-Day Avg -3.52%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.53% | 4.58%5.83% | 10.35%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -33.02% | -26.87%-17.18% | -8.89%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -10.09% | -17.26%-17.18% | -8.89%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -33.02% | -26.87%-16.52% | -11.13%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 48.75% | 45.82%
Calls: 59.89% | 41.02%
Puts: 37.61% | 50.62%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +307.61% | +330.64%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +34.52% | +309.84%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($205.1K). Extreme bullish P/C ratio of 0.40 - heavy call buying (1,731 calls vs 696 puts). P/C ratio dropping 60% - sentiment shifting bullish.

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 BULLISH
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
09:40BULLISHBULLISHBULLISH
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 1 of results (avg 9.3%, best 9.3%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$115.00Aug 1412.2513.45$12.859.3%10.8911
PUTS (0)
No puts meet the criteria

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. 80 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Sep 1821.4524.30$22.8812.5%--1.001.1K
$114.00Aug 712.1014.55$13.3318.4%--0.9712
$105.00Aug 2121.0523.80$22.4312.3%--0.9713
$110.00Aug 2116.1518.90$17.5215.7%--0.97704
$118.00Aug 78.0010.30$9.1525.1%10.962
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2116.5519.00$17.7713.8%--0.9516
$150.00Sep 1821.9024.45$23.1711.0%--0.9410
$142.00Aug 2113.7016.10$14.9016.1%--0.9310
$135.00Aug 76.609.05$7.8331.3%--0.9110
$140.00Aug 2112.2014.20$13.2015.2%--0.9123

Most actively traded options today. High liquidity = easy entry/exit. 93 active (total vol 2.3K, top 936)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 70.350.70$0.5267.3%9360.20706
$128.00Aug 71.492.26$1.8841.0%780.48675
$145.00Aug 210.030.23$0.13153.8%640.041.5K
$140.00Aug 210.300.40$0.3528.6%630.097.2K
$130.00Aug 211.862.80$2.3340.3%590.405.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.27133
$124.00Aug 70.510.95$0.7360.3%1210.241.1K
$122.00Aug 70.100.55$0.33136.4%590.14338
$124.00Aug 211.032.54$1.7984.4%340.32101
$120.00Aug 70.100.44$0.27125.9%290.09227

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 54 strikes (avg 63.5%, max 389.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18143.4%29.3%389.9%43.2K
$142.00Aug 7Aug 2890.2%30.7%193.9%--56
$136.00Aug 7Aug 2880.0%36.3%120.2%8117
$139.00Aug 7Aug 2868.6%32.3%112.3%--444
$141.00Aug 7Sep 456.5%31.6%78.5%--121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18108.1%33.4%224.2%33.9K
$110.00Aug 7Sep 1873.7%31.5%134.0%55.9K
$114.00Aug 7Aug 2862.6%32.4%93.3%21127
$120.00Aug 7Sep 1849.9%28.5%75.0%294.0K
$125.00Aug 7Sep 1845.5%27.0%68.6%242.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 100 found (best R:R 37.46, avg 3.36)

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$0.33$4.67$0.3314.15$145.33
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$139.00$140.00Aug 21$0.11$0.89$0.118.09$139.11
$140.00$145.00Sep 18$0.64$4.36$0.646.81$140.64
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$0.29$4.71$0.2916.24$114.71
$110.00$105.00Sep 18$0.31$4.69$0.3115.13$109.69
$119.00$117.00Aug 28$0.19$1.81$0.199.53$118.81
$120.00$119.00Aug 7$0.11$0.89$0.118.09$119.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 139 found (best R:R 49.00, avg 2.43)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$115.00$120.00Aug 14$4.90$4.90$0.1049.00$119.90
$110.00$115.00Aug 21$4.72$4.72$0.2816.86$114.72
$105.00$110.00Sep 18$4.53$4.53$0.479.64$109.53
$126.00$127.00Aug 14$0.90$0.90$0.109.00$126.90
$120.00$122.00Aug 21$1.77$1.77$0.237.70$121.77
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$145.00$142.00Aug 21$2.87$2.87$0.1322.08$142.13
$150.00$145.00Sep 18$4.72$4.72$0.2816.86$145.28
$135.00$133.00Aug 7$1.80$1.80$0.209.00$133.20
$135.00$134.00Aug 21$0.90$0.90$0.109.00$134.10
$145.00$140.00Sep 18$4.45$4.45$0.558.09$140.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 50 found (avg debit $0.60, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$139.00Aug 7Aug 21$0.0868.6%31.3%
$140.00Aug 7Aug 14$0.1149.5%34.4%
$145.00Aug 7Aug 21$0.1248.6%32.3%
$143.00Aug 7Aug 21$0.1743.8%31.1%
$141.00Aug 7Aug 21$0.1956.5%30.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.0873.7%37.5%
$114.00Aug 7Aug 28$0.3062.6%32.4%
$119.00Aug 7Aug 14$0.3548.4%36.8%
$117.00Aug 7Aug 21$0.3652.9%32.7%
$135.00Aug 7Aug 14$0.3744.1%34.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 3.17% of stock, avg 7.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.32$2.72$4.04$124.96$133.043.17%
$127.00Aug 7$2.15$2.02$4.17$122.83$131.173.27%
$126.00Aug 7$2.93$1.25$4.18$121.82$130.183.28%
$128.00Aug 7$1.88$2.34$4.22$123.78$132.223.31%
$130.00Aug 7$1.02$3.40$4.42$125.58$134.423.47%
$125.00Aug 7$3.68$1.13$4.81$120.19$129.813.78%
$124.00Aug 7$4.18$0.73$4.91$119.09$128.913.86%
$131.00Aug 7$0.76$4.22$4.98$126.02$135.983.91%
$129.00Aug 14$1.92$3.32$5.24$123.76$134.244.11%
$128.00Aug 14$2.50$2.88$5.38$122.62$133.384.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.73% of stock, avg 3.11%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$110.00Sep 18$0.30$0.63$0.93$109.07$150.93
$145.00$110.00Sep 18$0.63$0.63$1.26$108.74$146.26
$131.00$123.00Aug 7$0.76$0.65$1.41$121.59$132.41
$131.00$124.00Aug 7$0.76$0.73$1.49$122.51$132.49
$150.00$115.00Sep 18$0.30$1.27$1.57$113.43$151.57
$130.00$123.00Aug 7$1.02$0.65$1.67$121.33$131.67
$130.00$124.00Aug 7$1.02$0.73$1.75$122.25$131.75
$136.00$123.00Aug 7$1.11$0.65$1.76$121.24$137.76
$136.00$124.00Aug 7$1.11$0.73$1.84$122.16$137.84
$131.00$125.00Aug 7$0.76$1.13$1.89$123.11$132.89

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 156 found (best R:R 15.67, avg credit $1.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
117/118120/122Aug 21$1.88$0.1215.67$116.12$121.88
127/129133/134Aug 28$1.81$0.199.53$127.19$134.81
135/140145/150Sep 18$4.51$0.499.20$135.49$149.51
126/127130/131Aug 14$0.90$0.109.00$126.10$130.90
121/122133/134Aug 28$0.90$0.109.00$121.10$133.90
105/110115/120Sep 18$4.49$0.518.80$105.51$119.49
119/120122/123Aug 7$0.89$0.118.09$119.11$122.89
119/120126/127Aug 7$0.89$0.118.09$119.11$126.89
122/123124/125Aug 14$0.89$0.118.09$122.11$124.89
122/123125/126Aug 14$0.89$0.118.09$122.11$125.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 44.45, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.11$4.8944.45
$105.00$110.00$115.00Aug 21$0.19$4.8125.32
$110.00$115.00$120.00Sep 18$0.24$4.7619.83
$140.00$145.00$150.00Sep 18$0.31$4.6915.13
$127.00$128.00$129.00Aug 28$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$114.00$115.00$116.00Aug 7$0.05$0.9519.00
$117.00$118.00$119.00Aug 7$0.05$0.9519.00
$135.00$140.00$145.00Sep 18$0.27$4.7317.52
$140.00$145.00$150.00Sep 18$0.27$4.7317.52
$125.00$130.00$135.00Sep 18$0.29$4.7116.24

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 $-1.59, 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
$135.00$140.001:2Sep 18-$0.13$4.87
$130.00$135.001:2Sep 18-$0.79$4.21
$125.00$130.001:2Sep 18-$1.63$3.37
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.59$8.41
$110.00$105.001:2Sep 18-$0.01$4.99
$127.00$122.001:2Aug 28-$0.16$4.84
$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. 52 found (best yield 2.71%, avg 0.90%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$3.450.432.1%2.71%4.80%265.3K
$128.00Sep 4$3.150.510.5%2.47%2.99%--17
$128.00Aug 28$2.950.520.5%2.32%2.83%1529
$129.00Aug 28$2.680.481.3%2.10%3.41%--21
$128.00Aug 21$2.450.500.5%1.92%2.44%--384
$130.00Aug 28$2.350.442.1%1.85%3.93%--243
$130.00Sep 4$2.310.452.1%1.81%3.90%--26
$131.00Sep 4$2.230.422.9%1.75%4.63%125
$129.00Aug 21$2.070.461.3%1.63%2.93%4238
$132.00Sep 4$2.040.393.7%1.60%5.26%--428

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 1,731
Total Puts 696
Put/Call Ratio 0.40
Net Difference 1,035

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 59,679
Total Puts 41,733
Average Put/Call Ratio 0.76
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