Tour v490
MRK
MERCK & CO. INC.
$129.67 +1.49%
(8/4 09:55) ◀
|
Tuesday, August 4, 2026 (10:00am)
January 2026
|
▶ (8/4 10:05)
◀ 8/4 10:00 ▶

Option Volume

Detail
ℹ
Current (08/04 10:00am) 3,520
Calls: 2,402 (68%)
Puts: 1,118 (32%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -87.43% (Calls)
Puts: -93.80% (Puts)
Prior 7-Day Total 111,925
Calls: 66,850 (60%)
Puts: 45,075 (40%)
Prior 7-Day Average 15,989
Calls: 9,550 (60%)
Puts: 6,439 (40%)
Current vs Prior 7-Day Avg -77.99%
Calls: -74.85%
Puts: -82.64%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:00am) $608.7K
Calls: $518.3K (85%)
Puts: $90.3K (15%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -89.11%
Puts: -97.29%
Prior 7-Day Total $25.44M
Calls: $13.83M (54%)
Puts: $11.61M (46%)
Prior 7-Day Average $3.63M
Calls: $1.98M (54%)
Puts: $1.66M (46%)
Current vs Prior 7-Day Avg -83.25%
Calls: -73.76%
Puts: -94.56%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:00am) 0.47
Prior 1.00
Current vs Prior -53.46%
Prior 7-Day Average 0.60
Current vs Prior 7-Day Avg -22.17%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:00am) 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 4.13% | 4.65%5.83% | 10.90%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -21.48% | -25.72%-17.25% | -4.08%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg +5.40% | -15.96%-17.25% | -4.08%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -21.48% | -25.72%-16.58% | -6.43%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 53.94% | 68.73%
Calls: 37.18% | 107.11%
Puts: 70.69% | 30.35%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +351.00% | +545.96%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +48.84% | +514.76%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($518.3K) vs puts ($90.3K). Extreme bullish P/C ratio of 0.47 - heavy call buying (2,402 calls vs 1,118 puts). P/C ratio dropping 53% - 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
10:00BULLISHBULLISHBULLISH
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 2 of results (avg 6.0%, best 3.1%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 183.153.25$3.203.1%890.354.7K
$110.00Sep 1819.4021.20$20.308.9%--0.952.6K
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. 79 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$114.00Aug 713.8516.55$15.2017.8%--1.0012
$118.00Aug 79.8512.35$11.1022.5%11.002
$119.00Aug 79.2511.50$10.3821.7%--1.0024
$120.00Aug 77.9010.45$9.1827.8%21.0015
$121.00Aug 77.309.45$8.3825.7%--1.0032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2114.5517.30$15.9317.3%--0.9516
$139.00Aug 78.7511.30$10.0325.4%--0.9313
$142.00Aug 2111.9514.10$13.0216.5%--0.9210
$150.00Sep 1820.3022.85$21.5811.8%--0.9210
$140.00Aug 2110.2012.30$11.2518.7%--0.8823

Most actively traded options today. High liquidity = easy entry/exit. 122 active (total vol 3.4K, top 961)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Aug 70.911.45$1.1845.8%9610.32706
$128.00Aug 72.363.40$2.8836.1%970.63675
$140.00Aug 210.260.71$0.4991.8%930.127.2K
$135.00Sep 183.153.25$3.203.1%890.354.7K
$135.00Aug 211.341.87$1.6132.9%820.294.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.24133
$124.00Aug 70.190.57$0.38100.0%1350.141.1K
$120.00Aug 70.070.16$0.1275.0%950.05227
$122.00Aug 70.120.31$0.2286.4%860.09338
$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. 55 strikes (avg 68.2%, max 440.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Aug 7Sep 18155.9%28.9%440.3%25343
$150.00Aug 7Sep 18136.1%29.2%365.8%43.2K
$142.00Aug 7Aug 2883.2%29.6%181.0%--56
$141.00Aug 7Sep 450.0%29.1%72.1%12121
$115.00Aug 14Sep 1853.1%31.4%69.5%12.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18113.5%35.5%219.7%33.9K
$113.00Aug 7Aug 2891.0%30.6%197.2%1525
$110.00Aug 7Sep 1887.5%34.0%157.3%155.9K
$117.00Aug 7Aug 2853.9%28.0%92.5%1118
$119.00Aug 7Sep 453.5%30.8%73.5%47124

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 109 found (best R:R 20.74, avg 3.48)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Aug 28$0.23$4.77$0.2320.74$145.23
$150.00$155.00Sep 18$0.24$4.76$0.2419.83$150.24
$145.00$150.00Sep 18$0.37$4.63$0.3712.51$145.37
$141.00$144.00Sep 4$0.31$2.69$0.318.68$141.31
$139.00$140.00Aug 21$0.13$0.87$0.136.69$139.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$110.00Aug 21$0.26$4.74$0.2618.23$114.74
$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
$115.00$110.00Sep 18$0.45$4.55$0.4510.11$114.55
$119.00$110.00Sep 4$0.82$8.18$0.829.98$118.18

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 144 found (best R:R 37.46, avg 2.03)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$110.00$115.00Sep 18$4.87$4.87$0.1337.46$114.87
$110.00$115.00Aug 21$4.83$4.83$0.1728.41$114.83
$115.00$120.00Aug 14$4.78$4.78$0.2221.73$119.78
$105.00$110.00Sep 18$4.48$4.48$0.528.62$109.48
$126.00$127.00Aug 7$0.88$0.88$0.127.33$126.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.75$3.75$0.2515.00$135.25
$150.00$145.00Sep 18$4.56$4.56$0.4410.36$145.44
$142.00$140.00Aug 21$1.77$1.77$0.237.70$140.23
$140.00$137.00Aug 21$2.62$2.62$0.386.89$137.38
$145.00$140.00Sep 18$4.27$4.27$0.735.85$140.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $0.60, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$126.00Aug 7Aug 14$0.0737.5%36.0%
$145.00Aug 7Aug 21$0.1644.7%30.6%
$114.00Aug 7Aug 14$0.1855.7%70.9%
$143.00Aug 7Aug 21$0.1946.6%28.6%
$121.00Aug 7Aug 14$0.2245.3%38.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$130.00Aug 7Aug 14$0.1151.9%32.4%
$120.00Aug 7Aug 14$0.3546.8%37.6%
$117.00Aug 7Aug 21$0.4053.9%36.7%
$122.00Aug 7Aug 14$0.4144.1%34.7%
$118.00Aug 7Aug 14$0.4344.2%43.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 3.25% of stock, avg 7.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$2.88$1.33$4.21$123.79$132.213.25%
$129.00Aug 7$2.34$2.34$4.68$124.32$133.683.61%
$127.00Aug 7$3.65$1.07$4.72$122.28$131.723.64%
$131.00Aug 7$1.46$3.57$5.03$125.97$136.033.88%
$130.00Aug 7$2.10$3.02$5.12$124.88$135.123.95%
$132.00Aug 7$1.18$3.98$5.16$126.84$137.163.98%
$126.00Aug 7$4.53$0.68$5.21$120.79$131.214.02%
$125.00Aug 7$4.68$0.57$5.25$119.75$130.254.05%
$130.00Aug 14$2.42$3.13$5.55$124.45$135.554.28%
$133.00Aug 7$0.95$4.65$5.60$127.40$138.604.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 0.82% of stock, avg 3.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$110.00Sep 18$0.43$0.63$1.06$108.94$151.06
$134.00$125.00Aug 7$0.74$0.57$1.31$123.69$135.31
$134.00$126.00Aug 7$0.74$0.68$1.42$124.58$135.42
$145.00$110.00Sep 18$0.80$0.63$1.43$108.57$146.43
$150.00$115.00Sep 18$0.43$1.08$1.51$113.49$151.51
$133.00$125.00Aug 7$0.95$0.57$1.52$123.48$134.52
$133.00$126.00Aug 7$0.95$0.68$1.63$124.37$134.63
$132.00$125.00Aug 7$1.18$0.57$1.75$123.25$133.75
$134.00$127.00Aug 7$0.74$1.07$1.81$125.19$135.81
$132.00$126.00Aug 7$1.18$0.68$1.86$124.14$133.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 176 found (best R:R 9.20, avg credit $1.45)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
140/145150/155Sep 18$4.51$0.499.20$140.49$154.51
124/125126/127Aug 14$0.89$0.118.09$124.11$126.89
119/120126/127Aug 21$0.89$0.118.09$119.11$126.89
105/110115/120Sep 18$4.44$0.567.93$105.56$119.44
135/140145/150Sep 18$4.44$0.567.93$135.56$149.44
117/119120/125Aug 28$4.43$0.577.77$114.57$124.43
114/115125/126Aug 28$0.88$0.127.33$114.12$125.88
119/120131/132Sep 4$0.87$0.136.69$119.13$131.87
135/140150/155Sep 18$4.31$0.696.25$135.69$154.31
122/123124/125Aug 14$0.86$0.146.14$122.14$124.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 37.46, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$145.00$150.00$155.00Sep 18$0.13$4.8737.46
$105.00$110.00$115.00Aug 21$0.14$4.8634.71
$145.00$150.00$155.00Aug 21$0.17$4.8328.41
$125.00$130.00$135.00Sep 18$0.19$4.8125.32
$135.00$140.00$145.00Sep 18$0.22$4.7821.73
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.14$4.8634.71
$135.00$140.00$145.00Sep 18$0.20$4.8024.00
$115.00$120.00$125.00Sep 18$0.21$4.7922.81
$140.00$145.00$150.00Sep 18$0.29$4.7116.24
$119.00$120.00$121.00Aug 7$0.06$0.9415.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 113 found (best net $-1.65, 97 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 28-$0.02$4.98
$145.00$150.001:2Sep 18-$0.06$4.94
$150.00$155.001:2Aug 21-$0.24$4.76
$135.00$140.001:2Sep 18-$0.58$4.42
$130.00$135.001:2Sep 18-$0.92$4.08
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
$120.00$115.001:2Sep 18-$0.05$4.95
$110.00$105.001:2Aug 28-$0.15$4.85
$115.00$110.001:2Sep 18-$0.18$4.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 3.86%, avg 0.93%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$5.000.490.2%3.86%4.11%565.3K
$130.00Sep 4$4.300.500.2%3.32%3.57%826
$135.00Sep 18$3.150.354.1%2.43%6.54%894.7K
$130.00Aug 21$2.940.500.2%2.27%2.52%815.6K
$131.00Sep 4$2.670.461.0%2.06%3.08%125
$130.00Aug 28$2.570.470.2%1.98%2.24%--243
$135.00Sep 4$2.320.344.1%1.79%5.90%2133
$132.00Sep 4$2.250.421.8%1.74%3.53%--428
$131.00Aug 21$2.170.451.0%1.67%2.70%2496
$132.00Aug 21$2.170.411.8%1.67%3.47%41217

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 2,402
Total Puts 1,118
Put/Call Ratio 0.47
Net Difference 1,284

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 66,850
Total Puts 45,075
Average Put/Call Ratio 0.60
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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