Tour v490
MRK
MERCK & CO. INC.
$128.67 +0.70%
(8/4 09:40) ◀
|
Tuesday, August 4, 2026 (9:45am)
January 2026
|
▶ (8/4 09:50)
◀ 8/4 09:45 ▶

Option Volume

Detail
ℹ
Current (08/04 9:45am) 2,832
Calls: 1,889 (67%)
Puts: 943 (33%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -90.12% (Calls)
Puts: -94.77% (Puts)
Prior 7-Day Total 103,839
Calls: 61,410 (59%)
Puts: 42,429 (41%)
Prior 7-Day Average 20,767
Calls: 8,772 (59%)
Puts: 6,061 (41%)
Current vs Prior 7-Day Avg -86.36%
Calls: -78.47%
Puts: -84.44%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 9:45am) $359.6K
Calls: $266.6K (74%)
Puts: $93.0K (26%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -94.40%
Puts: -97.20%
Prior 7-Day Total $24.37M
Calls: $12.98M (53%)
Puts: $11.39M (47%)
Prior 7-Day Average $4.87M
Calls: $1.85M (53%)
Puts: $1.63M (47%)
Current vs Prior 7-Day Avg -92.62%
Calls: -85.62%
Puts: -94.28%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 9:45am) 0.50
Prior 1.00
Current vs Prior -50.08%
Prior 7-Day Average 0.69
Current vs Prior 7-Day Avg -27.57%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 9:45am) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 2,270,483
Calls: 1,234,612 (54%)
Puts: 1,035,871 (46%)
Prior 7-Day Average 454,096
Calls: 246,922 (54%)
Puts: 207,174 (46%)
Current vs Prior 7-Day Avg -2.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.68% | 4.66%5.71% | 10.67%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -30.17% | -25.52%-18.92% | -6.07%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -6.26% | -15.73%-18.92% | -6.07%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -30.17% | -25.52%-18.27% | -8.37%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 58.05% | 69.60%
Calls: 67.03% | 67.39%
Puts: 49.06% | 71.82%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +385.37% | +554.14%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +60.18% | +522.54%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($266.6K). Extreme bullish P/C ratio of 0.50 - heavy call buying (1,889 calls vs 943 puts). P/C ratio dropping 50% - 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
09:45BULLISHBULLISHBULLISH
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 -- 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. 82 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$114.00Aug 712.5515.05$13.8018.1%--1.0012
$118.00Aug 78.6011.10$9.8525.4%11.002
$119.00Aug 77.6010.05$8.8227.8%--1.0024
$120.00Aug 76.809.10$7.9528.9%--1.0015
$121.00Aug 75.658.00$6.8334.4%--1.0032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2116.1018.70$17.4014.9%--0.9616
$142.00Aug 2113.2515.60$14.4316.3%--0.9310
$150.00Sep 1821.5524.00$22.7810.8%--0.9210
$135.00Aug 76.408.75$7.5831.0%--0.9010
$140.00Aug 2111.3513.75$12.5519.1%--0.9023

Most actively traded options today. High liquidity = easy entry/exit. 104 active (total vol 2.7K, top 952)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 70.391.04$0.7290.3%9520.23706
$128.00Aug 71.472.69$2.0858.7%860.51675
$140.00Aug 210.250.50$0.3865.8%780.107.2K
$145.00Aug 210.030.23$0.13153.8%640.041.5K
$130.00Aug 211.863.10$2.4850.0%590.425.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.26133
$124.00Aug 70.350.95$0.6592.3%1240.221.1K
$122.00Aug 70.100.50$0.30133.3%790.12338
$120.00Aug 70.100.17$0.1450.0%670.06227
$106.00Aug 70.010.27$0.14185.7%390.032

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 57.5%, max 363.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18142.7%30.8%363.1%43.2K
$142.00Aug 7Aug 2889.5%30.3%195.7%--56
$139.00Aug 7Aug 2868.1%32.3%110.9%--444
$140.00Aug 7Sep 1857.8%30.2%91.4%2512.0K
$141.00Aug 7Sep 456.0%31.3%78.8%--121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18108.7%33.6%223.5%33.9K
$110.00Aug 7Sep 1874.2%31.8%133.4%55.9K
$114.00Aug 7Aug 2863.2%34.8%81.5%21127
$133.00Aug 7Aug 2150.9%29.7%71.6%--441
$119.00Aug 7Sep 449.1%29.5%66.2%39124

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 109 found (best R:R 40.67, avg 3.43)

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$0.29$4.71$0.2916.24$145.29
$140.00$142.00Aug 28$0.20$1.80$0.209.00$140.20
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$134.00$135.00Aug 7$0.12$0.88$0.127.33$134.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 28$0.12$4.88$0.1240.67$109.88
$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
$118.00$117.00Aug 21$0.11$0.89$0.118.09$117.89
$108.00$106.00Aug 7$0.24$1.76$0.247.33$107.76

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 150 found (best R:R 24.00, avg 2.17)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$115.00$120.00Aug 14$4.80$4.80$0.2024.00$119.80
$105.00$110.00Sep 18$4.72$4.72$0.2816.86$109.72
$105.00$110.00Aug 21$4.60$4.60$0.4011.50$109.60
$115.00$120.00Aug 21$4.48$4.48$0.528.62$119.48
$114.00$115.00Aug 14$0.88$0.88$0.127.33$114.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$142.00$140.00Aug 21$1.88$1.88$0.1215.67$140.12
$139.00$135.00Aug 7$3.75$3.75$0.2515.00$135.25
$150.00$145.00Sep 18$4.55$4.55$0.4510.11$145.45
$132.00$131.00Aug 21$0.89$0.89$0.118.09$131.11
$133.00$132.00Aug 14$0.88$0.88$0.127.33$132.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $0.59, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Aug 7Aug 21$0.1248.2%31.5%
$114.00Aug 7Aug 14$0.1363.2%66.7%
$143.00Aug 7Aug 21$0.1743.5%30.3%
$115.00Aug 14Aug 21$0.1850.4%37.3%
$141.00Aug 7Aug 21$0.1956.0%30.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.0874.2%38.3%
$120.00Aug 7Aug 14$0.2942.8%32.6%
$135.00Aug 7Aug 14$0.3243.1%34.0%
$122.00Aug 7Aug 14$0.3341.7%30.2%
$114.00Aug 7Aug 28$0.4063.2%34.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 2.98% of stock, avg 7.38%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Aug 7$2.50$1.34$3.84$123.16$130.842.98%
$129.00Aug 7$1.37$2.65$4.02$124.98$133.023.12%
$126.00Aug 7$2.93$1.16$4.09$121.91$130.093.18%
$128.00Aug 7$2.08$2.15$4.23$123.77$132.233.29%
$125.00Aug 7$3.68$0.84$4.52$120.48$129.523.51%
$130.00Aug 7$1.20$3.40$4.60$125.40$134.603.58%
$124.00Aug 7$4.33$0.65$4.98$119.02$128.983.87%
$131.00Aug 7$0.86$4.33$5.19$125.81$136.194.03%
$129.00Aug 14$2.13$3.32$5.45$123.55$134.454.24%
$132.00Aug 7$0.72$4.75$5.47$126.53$137.474.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.80% of stock, avg 3.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$110.00Sep 18$0.40$0.63$1.03$108.97$151.03
$132.00$123.00Aug 7$0.72$0.61$1.33$121.67$133.33
$133.00$123.00Aug 7$0.71$0.61$1.32$121.68$134.32
$145.00$110.00Sep 18$0.69$0.63$1.32$108.68$146.32
$132.00$124.00Aug 7$0.72$0.65$1.37$122.63$133.37
$133.00$124.00Aug 7$0.71$0.65$1.36$122.64$134.36
$131.00$123.00Aug 7$0.86$0.61$1.47$121.53$132.47
$131.00$124.00Aug 7$0.86$0.65$1.51$122.49$132.51
$133.00$125.00Aug 7$0.71$0.84$1.55$123.45$134.55
$132.00$125.00Aug 7$0.72$0.84$1.56$123.44$133.56

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 162 found (best R:R 10.76, avg credit $1.37)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
117/118120/122Aug 21$1.83$0.1710.76$116.17$121.83
105/110115/120Sep 18$4.54$0.469.87$105.46$119.54
135/140145/150Sep 18$4.42$0.587.62$135.58$149.42
118/119123/124Aug 7$0.88$0.127.33$118.12$123.88
118/119125/126Aug 7$0.88$0.127.33$118.12$125.88
125/126127/128Aug 14$0.87$0.136.69$125.13$127.87
118/119126/127Aug 14$0.86$0.146.14$118.14$126.86
120/121128/129Aug 14$0.86$0.146.14$120.14$128.86
117/118126/127Aug 21$0.86$0.146.14$117.14$126.86
123/124125/126Aug 14$0.84$0.165.25$123.16$125.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$120.00$125.00$130.00Sep 18$0.07$4.9370.43
$110.00$115.00$120.00Sep 18$0.17$4.8328.41
$105.00$110.00$115.00Sep 18$0.32$4.6814.62
$140.00$141.00$142.00Aug 21$0.07$0.9313.29
$140.00$145.00$150.00Sep 18$0.39$4.6111.82
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$135.00$140.00$145.00Sep 18$0.17$4.8328.41
$114.00$115.00$116.00Aug 7$0.05$0.9519.00
$140.00$145.00$150.00Sep 18$0.25$4.7519.00
$134.00$135.00$136.00Aug 21$0.06$0.9415.67
$105.00$110.00$115.00Aug 21$0.33$4.6714.15

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 $-1.61, 91 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$145.001:2Sep 18-$0.01$4.99
$145.00$150.001:2Aug 28-$0.02$4.98
$145.00$150.001:2Aug 21-$0.03$4.97
$145.00$150.001:2Sep 18-$0.11$4.89
$135.00$140.001:2Sep 18-$0.23$4.77
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.61$8.39
$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
$110.00$105.001:2Aug 28-$0.56$4.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 48 found (best yield 2.68%, avg 0.79%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$3.450.441.0%2.68%3.71%365.3K
$130.00Sep 4$3.150.461.0%2.45%3.48%826
$129.00Aug 28$2.930.490.3%2.28%2.53%--21
$130.00Aug 28$2.350.451.0%1.83%2.86%--243
$131.00Sep 4$2.230.421.8%1.73%3.54%125
$129.00Aug 21$2.070.470.3%1.61%1.87%4238
$132.00Sep 4$2.040.392.6%1.59%4.17%--428
$135.00Sep 18$2.030.304.9%1.58%6.50%84.7K
$130.00Aug 14$1.900.401.0%1.48%2.51%17123
$130.00Aug 21$1.860.421.0%1.45%2.48%595.6K

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 1,889
Total Puts 943
Put/Call Ratio 0.50
Net Difference 946

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 61,410
Total Puts 42,429
Average Put/Call Ratio 0.69
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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