Tour v490
MRK
MERCK & CO. INC.
$129.09 +1.03%
(8/4 09:50) ◀
|
Tuesday, August 4, 2026 (9:55am)
January 2026
|
▶ (8/4 10:00)
◀ 8/4 09:55 ▶

Option Volume

Detail
ℹ
Current (08/04 9:55am) 3,186
Calls: 2,112 (66%)
Puts: 1,074 (34%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -88.95% (Calls)
Puts: -94.04% (Puts)
Prior 7-Day Total 109,699
Calls: 65,270 (59%)
Puts: 44,429 (41%)
Prior 7-Day Average 15,671
Calls: 9,324 (59%)
Puts: 6,347 (41%)
Current vs Prior 7-Day Avg -79.67%
Calls: -77.35%
Puts: -83.08%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 9:55am) $451.6K
Calls: $357.0K (79%)
Puts: $94.6K (21%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -92.50%
Puts: -97.16%
Prior 7-Day Total $25.13M
Calls: $13.56M (54%)
Puts: $11.58M (46%)
Prior 7-Day Average $3.59M
Calls: $1.94M (54%)
Puts: $1.65M (46%)
Current vs Prior 7-Day Avg -87.42%
Calls: -81.56%
Puts: -94.28%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 9:55am) 0.51
Prior 1.00
Current vs Prior -49.15%
Prior 7-Day Average 0.64
Current vs Prior 7-Day Avg -20.58%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 9:55am) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 3,152,923
Calls: 1,718,132 (54%)
Puts: 1,434,791 (46%)
Prior 7-Day Average 450,417
Calls: 245,447 (54%)
Puts: 204,970 (46%)
Current vs Prior 7-Day Avg -2.04%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.83% | 4.31%5.43% | 10.97%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -27.16% | -31.08%-22.92% | -3.44%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -2.22% | -22.02%-22.92% | -3.44%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -27.16% | -31.08%-22.30% | -5.81%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 63.90% | 54.24%
Calls: 72.63% | 97.97%
Puts: 55.17% | 10.51%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +434.28% | +409.77%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +76.32% | +385.15%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($357.0K) vs puts ($94.6K). Bullish P/C ratio of 0.51. P/C ratio dropping 49% - 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
09:55BULLISHBULLISHBULLISH
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. 81 found (avg delta 0.75, 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%--0.9616
$142.00Aug 2112.6014.60$13.6014.7%--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%--0.9023

Most actively traded options today. High liquidity = easy entry/exit. 113 active (total vol 3.0K, top 954)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 70.491.24$0.8786.2%9540.26706
$128.00Aug 72.002.87$2.4435.7%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 211.953.35$2.6552.8%590.435.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.26133
$124.00Aug 70.320.69$0.5172.5%1300.191.1K
$120.00Aug 70.070.17$0.1283.3%890.05227
$122.00Aug 70.140.31$0.2373.9%830.10338
$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. 53 strikes (avg 56.3%, max 369.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18140.9%30.0%369.5%43.2K
$142.00Aug 7Aug 2887.8%30.3%189.5%--56
$139.00Aug 7Aug 2864.8%32.3%100.5%--444
$137.00Aug 7Aug 2853.7%30.1%78.1%7534
$141.00Aug 7Sep 453.5%31.4%70.6%12121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18110.1%34.3%220.6%33.9K
$110.00Aug 7Sep 1875.5%32.6%131.3%155.9K
$119.00Aug 7Sep 450.0%29.5%69.5%47124
$133.00Aug 7Aug 2148.4%30.9%56.5%--441
$115.00Aug 7Sep 1849.4%31.6%56.1%552.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 116 found (best R:R 20.74, avg 3.55)

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
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$141.00$142.00Aug 21$0.12$0.88$0.127.33$141.12
$128.00$130.00Sep 4$0.25$1.75$0.257.00$128.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$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
$110.00$105.00Aug 28$0.32$4.68$0.3214.62$109.68
$130.00$129.00Aug 21$0.10$0.90$0.109.00$129.90
$119.00$110.00Sep 4$0.92$8.08$0.928.78$118.08

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 2.10)

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
$119.00$120.00Aug 7$0.88$0.88$0.127.33$119.88
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
$135.00$133.00Aug 14$1.75$1.75$0.257.00$133.25
$137.00$136.00Aug 21$0.85$0.85$0.155.67$136.15
$140.00$137.00Aug 21$2.55$2.55$0.455.67$137.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $0.60, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Aug 7Aug 14$0.1250.2%34.7%
$145.00Aug 7Aug 21$0.1247.3%31.5%
$143.00Aug 7Aug 21$0.1649.7%30.3%
$137.00Aug 7Aug 14$0.2453.7%36.6%
$115.00Aug 14Aug 21$0.2549.6%37.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.0875.5%38.2%
$133.00Aug 7Aug 14$0.2548.4%33.2%
$120.00Aug 7Aug 14$0.3543.3%33.8%
$121.00Aug 7Aug 14$0.3846.9%33.9%
$117.00Aug 7Aug 21$0.4051.1%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 3.13% of stock, avg 7.40%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Aug 7$2.81$1.23$4.04$122.96$131.043.13%
$126.00Aug 7$3.07$1.02$4.09$121.91$130.093.17%
$129.00Aug 7$1.66$2.53$4.19$124.81$133.193.25%
$128.00Aug 7$2.44$1.83$4.27$123.73$132.273.31%
$125.00Aug 7$3.97$0.63$4.60$120.40$129.603.56%
$130.00Aug 7$1.53$3.29$4.82$125.18$134.823.73%
$124.00Aug 7$4.75$0.51$5.26$118.74$129.264.07%
$131.00Aug 7$1.21$4.08$5.29$125.71$136.294.10%
$132.00Aug 7$0.87$4.55$5.42$126.58$137.424.20%
$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 3.13%)

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$0.51$1.21$122.79$134.21
$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$0.87$0.51$1.38$122.62$133.38
$132.00$125.00Aug 7$0.87$0.63$1.50$123.50$133.50
$150.00$115.00Sep 18$0.40$1.27$1.67$113.33$151.67
$131.00$124.00Aug 7$1.21$0.51$1.72$122.28$132.72
$133.00$126.00Aug 7$0.70$1.02$1.72$124.28$134.72
$131.00$125.00Aug 7$1.21$0.63$1.84$123.16$132.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 170 found (best R:R 9.00, avg credit $1.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
118/119124/125Aug 7$0.90$0.109.00$118.10$124.90
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
125/126127/128Aug 21$0.89$0.118.09$125.11$127.89
114/115125/126Aug 28$0.88$0.127.33$114.12$125.88
120/121123/124Aug 21$0.87$0.136.69$120.13$123.87
120/121133/134Aug 28$0.87$0.136.69$120.13$133.87
119/120123/124Aug 21$0.84$0.165.25$119.16$123.84
122/123127/128Aug 21$0.84$0.165.25$122.16$127.84
129/130131/132Aug 28$0.84$0.165.25$129.16$131.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 81 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
$141.00$142.00$143.00Aug 21$0.05$0.9519.00
$135.00$140.00$145.00Sep 18$0.29$4.7116.24
$135.00$136.00$137.00Aug 7$0.06$0.9415.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$135.00$136.00$137.00Aug 21$0.05$0.9519.00
$128.00$129.00$130.00Aug 7$0.06$0.9415.67
$105.00$110.00$115.00Aug 21$0.33$4.6714.15
$105.00$110.00$115.00Sep 18$0.33$4.6714.15
$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. 106 found (best net $-1.65, 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
$145.00$150.001:2Sep 18-$0.11$4.89
$135.00$140.001:2Sep 18-$0.40$4.60
$130.00$135.001:2Sep 18-$1.00$4.00
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 28-$0.15$4.85
$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. 47 found (best yield 3.21%, avg 0.78%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.150.460.7%3.21%3.92%365.3K
$130.00Sep 4$3.250.460.7%2.52%3.22%826
$135.00Sep 18$2.570.334.6%1.99%6.57%334.7K
$130.00Aug 28$2.350.450.7%1.82%2.53%--243
$131.00Sep 4$2.230.421.5%1.73%3.21%125
$131.00Aug 28$2.100.411.5%1.63%3.11%1185
$132.00Sep 4$2.040.392.2%1.58%3.83%--428
$130.00Aug 21$1.950.430.7%1.51%2.22%595.6K
$130.00Aug 14$1.900.410.7%1.47%2.18%18123
$132.00Aug 28$1.570.382.2%1.22%3.47%--23

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 2,112
Total Puts 1,074
Put/Call Ratio 0.51
Net Difference 1,038

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 65,270
Total Puts 44,429
Average Put/Call Ratio 0.64
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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