Tour v490
MRK
MERCK & CO. INC.
$128.97 +0.94%
(8/4 09:45) ◀
|
Tuesday, August 4, 2026 (9:50am)
January 2026
|
▶ (8/4 09:55)
◀ 8/4 09:50 ▶

Option Volume

Detail
ℹ
Current (08/04 9:50am) 3,028
Calls: 1,971 (65%)
Puts: 1,057 (35%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -89.69% (Calls)
Puts: -94.14% (Puts)
Prior 7-Day Total 106,671
Calls: 63,299 (59%)
Puts: 43,372 (41%)
Prior 7-Day Average 17,778
Calls: 9,042 (59%)
Puts: 6,196 (41%)
Current vs Prior 7-Day Avg -82.97%
Calls: -78.20%
Puts: -82.94%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 9:50am) $405.9K
Calls: $310.7K (77%)
Puts: $95.2K (23%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -93.47%
Puts: -97.14%
Prior 7-Day Total $24.73M
Calls: $13.24M (54%)
Puts: $11.48M (46%)
Prior 7-Day Average $4.12M
Calls: $1.89M (54%)
Puts: $1.64M (46%)
Current vs Prior 7-Day Avg -90.15%
Calls: -83.58%
Puts: -94.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 9:50am) 0.54
Prior 1.00
Current vs Prior -46.37%
Prior 7-Day Average 0.66
Current vs Prior 7-Day Avg -18.44%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 9:50am) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 2,711,703
Calls: 1,476,372 (54%)
Puts: 1,235,331 (46%)
Prior 7-Day Average 451,950
Calls: 246,062 (54%)
Puts: 205,888 (46%)
Current vs Prior 7-Day Avg -2.37%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.84% | 5.13%5.70% | 10.88%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -27.09% | -18.01%-19.11% | -4.24%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -2.13% | -7.24%-19.11% | -4.24%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -27.09% | -18.01%-18.46% | -6.59%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 42.56% | 52.73%
Calls: 38.43% | 33.64%
Puts: 46.69% | 71.82%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +255.85% | +395.58%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +17.44% | +371.65%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($310.7K) vs puts ($95.2K). Bullish P/C ratio of 0.54. P/C ratio dropping 46% - 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
09:50BULLISHBULLISHBULLISH
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. 80 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$114.00Aug 713.1015.50$14.3016.8%--1.0012
$118.00Aug 79.1011.70$10.4025.0%11.002
$119.00Aug 78.1510.60$9.3826.1%--1.0024
$120.00Aug 77.159.85$8.5031.8%21.0015
$121.00Aug 76.208.80$7.5034.7%--1.0032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2115.6018.00$16.8014.3%--0.9516
$142.00Aug 2112.6014.80$13.7016.1%--0.9310
$150.00Sep 1821.0523.50$22.2811.0%--0.9210
$139.00Aug 79.5012.05$10.7823.7%--0.9013
$140.00Aug 2110.7513.25$12.0020.8%--0.8923

Most actively traded options today. High liquidity = easy entry/exit. 109 active (total vol 2.9K, top 953)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 70.491.22$0.8684.9%9530.26706
$128.00Aug 71.952.88$2.4238.4%920.55675
$140.00Aug 210.250.53$0.3971.8%810.107.2K
$145.00Aug 210.030.23$0.13153.8%640.041.5K
$130.00Aug 211.933.35$2.6453.8%590.435.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.26133
$124.00Aug 70.270.85$0.56103.6%1270.201.1K
$120.00Aug 70.070.17$0.1283.3%840.05227
$122.00Aug 70.140.26$0.2060.0%810.09338
$106.00Aug 70.010.12$0.07157.1%590.012

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 57.6%, max 365.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18141.5%30.4%365.2%43.2K
$142.00Aug 7Aug 2888.3%30.3%191.3%--56
$139.00Aug 7Aug 2865.3%32.3%102.1%--444
$140.00Aug 7Sep 1852.8%29.6%78.1%2512.0K
$141.00Aug 7Sep 455.1%31.3%75.7%--121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18109.6%34.0%222.6%33.9K
$110.00Aug 7Sep 1875.1%32.2%133.0%155.9K
$114.00Aug 7Aug 2864.1%34.8%84.4%21127
$119.00Aug 7Sep 449.4%29.5%67.7%44124
$130.00Aug 7Sep 1849.3%30.8%60.4%131.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 110 found (best R:R 44.45, avg 3.61)

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
$137.00$138.00Aug 7$0.10$0.90$0.109.00$137.10
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$140.00$141.00Aug 21$0.11$0.89$0.118.09$140.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 28$0.11$4.89$0.1144.45$109.89
$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$110.00Sep 4$0.92$8.08$0.928.78$118.08
$116.00$115.00Aug 14$0.11$0.89$0.118.09$115.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 150 found (best R:R 49.00, avg 2.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$110.00$115.00Aug 21$4.90$4.90$0.1049.00$114.90
$105.00$110.00Sep 18$4.85$4.85$0.1532.33$109.85
$115.00$120.00Aug 14$4.65$4.65$0.3513.29$119.65
$122.00$123.00Aug 7$0.90$0.90$0.109.00$122.90
$128.00$129.00Aug 7$0.90$0.90$0.109.00$128.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.73$3.73$0.2713.81$135.27
$150.00$145.00Sep 18$4.63$4.63$0.3712.51$145.37
$130.00$129.00Aug 14$0.88$0.88$0.127.33$129.12
$135.00$134.00Aug 21$0.87$0.87$0.136.69$134.13
$137.00$136.00Aug 21$0.85$0.85$0.155.67$136.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 52 found (avg debit $0.60, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Aug 7Aug 14$0.1052.8%34.7%
$145.00Aug 7Aug 21$0.1247.6%31.5%
$143.00Aug 7Aug 21$0.1442.8%30.3%
$141.00Aug 7Aug 21$0.1955.1%30.0%
$115.00Aug 14Aug 21$0.2549.6%37.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.0875.1%38.2%
$120.00Aug 7Aug 14$0.3542.8%33.8%
$121.00Aug 7Aug 14$0.3746.5%33.9%
$114.00Aug 7Aug 28$0.4064.1%34.8%
$117.00Aug 7Aug 21$0.4050.6%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 3.14% of stock, avg 7.44%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.52$2.53$4.05$124.95$133.053.14%
$126.00Aug 7$3.07$1.02$4.09$121.91$130.093.17%
$127.00Aug 7$2.75$1.36$4.11$122.89$131.113.19%
$128.00Aug 7$2.42$1.92$4.34$123.66$132.343.37%
$125.00Aug 7$3.97$0.63$4.60$120.40$129.603.57%
$130.00Aug 7$1.57$3.29$4.86$125.14$134.863.77%
$131.00Aug 7$1.19$4.08$5.27$125.73$136.274.09%
$124.00Aug 7$4.75$0.56$5.31$118.69$129.314.12%
$132.00Aug 7$0.86$4.55$5.41$126.59$137.414.19%
$129.00Aug 14$2.24$3.32$5.56$123.44$134.564.31%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.80% of stock, avg 3.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$110.00Sep 18$0.40$0.63$1.03$108.97$151.03
$133.00$124.00Aug 7$0.70$0.56$1.26$122.74$134.26
$145.00$110.00Sep 18$0.69$0.63$1.32$108.68$146.32
$133.00$125.00Aug 7$0.70$0.63$1.33$123.67$134.33
$132.00$124.00Aug 7$0.86$0.56$1.42$122.58$133.42
$132.00$125.00Aug 7$0.86$0.63$1.49$123.51$133.49
$150.00$115.00Sep 18$0.40$1.27$1.67$113.33$151.67
$133.00$126.00Aug 7$0.70$1.02$1.72$124.28$134.72
$131.00$124.00Aug 7$1.19$0.56$1.75$122.25$132.75
$131.00$125.00Aug 7$1.19$0.63$1.82$123.18$132.82

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 165 found (best R:R 9.71, avg credit $1.42)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
118/119121/124Aug 14$2.72$0.289.71$116.28$123.72
123/124126/127Aug 21$0.90$0.109.00$123.10$126.90
121/122125/126Aug 28$0.90$0.109.00$121.10$125.90
115/116124/125Aug 14$0.89$0.118.09$115.11$124.89
125/126127/128Aug 21$0.89$0.118.09$125.11$127.89
115/116121/124Aug 14$2.66$0.347.82$113.34$123.66
114/115125/126Aug 28$0.88$0.127.33$114.12$125.88
121/122126/127Aug 21$0.87$0.136.69$121.13$126.87
120/121130/131Aug 28$0.87$0.136.69$120.13$130.87
120/121133/134Aug 28$0.87$0.136.69$120.13$133.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 86 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$120.00$121.00$122.00Aug 7$0.05$0.9519.00
$121.00$122.00$123.00Aug 7$0.05$0.9519.00
$130.00$131.00$132.00Aug 7$0.05$0.9519.00
$120.00$125.00$130.00Sep 18$0.26$4.7418.23
$133.00$134.00$135.00Aug 7$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$135.00$136.00$137.00Aug 21$0.05$0.9519.00
$105.00$110.00$115.00Aug 21$0.33$4.6714.15
$105.00$110.00$115.00Sep 18$0.33$4.6714.15
$114.00$115.00$116.00Aug 7$0.07$0.9313.29
$140.00$145.00$150.00Sep 18$0.38$4.6212.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 104 found (best net $-1.65, 89 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
$125.00$130.001:2Sep 18-$1.26$3.74
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.65$8.35
$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-$0.57$4.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 2.68%, avg 0.80%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$3.450.450.8%2.68%3.47%365.3K
$130.00Sep 4$3.250.460.8%2.52%3.32%826
$129.00Aug 28$2.930.490.0%2.27%2.30%--21
$135.00Sep 18$2.680.334.7%2.08%6.75%334.7K
$130.00Aug 28$2.350.450.8%1.82%2.62%--243
$131.00Sep 4$2.230.421.6%1.73%3.30%125
$129.00Aug 21$2.070.480.0%1.61%1.63%4238
$132.00Sep 4$2.040.392.4%1.58%3.93%--428
$130.00Aug 21$1.930.430.8%1.50%2.30%595.6K
$130.00Aug 14$1.900.420.8%1.47%2.27%17123

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 1,971
Total Puts 1,057
Put/Call Ratio 0.54
Net Difference 914

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 63,299
Total Puts 43,372
Average Put/Call Ratio 0.66
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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