Tour v490
MRK
MERCK & CO. INC.
$129.34 +1.23%
(8/4 10:00) ◀
|
Tuesday, August 4, 2026 (10:05am)
January 2026
|
▶ (8/4 10:10)
◀ 8/4 10:05 ▶

Option Volume

Detail
ℹ
Current (08/04 10:05am) 7,137
Calls: 5,782 (81%)
Puts: 1,355 (19%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -69.75% (Calls)
Puts: -92.48% (Puts)
Prior 7-Day Total 113,018
Calls: 67,521 (60%)
Puts: 45,497 (40%)
Prior 7-Day Average 16,145
Calls: 9,645 (60%)
Puts: 6,499 (40%)
Current vs Prior 7-Day Avg -55.80%
Calls: -40.06%
Puts: -79.15%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:05am) $1.44M
Calls: $1.31M (91%)
Puts: $130.3K (9%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -72.51%
Puts: -96.08%
Prior 7-Day Total $25.76M
Calls: $14.14M (55%)
Puts: $11.62M (45%)
Prior 7-Day Average $3.68M
Calls: $2.02M (55%)
Puts: $1.66M (45%)
Current vs Prior 7-Day Avg -60.91%
Calls: -35.24%
Puts: -92.15%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:05am) 0.23
Prior 1.00
Current vs Prior -76.57%
Prior 7-Day Average 0.61
Current vs Prior 7-Day Avg -61.40%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:05am) 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 3.44% | 4.73%5.96% | 10.62%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -34.65% | -24.42%-15.39% | -6.56%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -12.27% | -14.49%-15.39% | -6.56%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -34.65% | -24.42%-14.71% | -8.85%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 32.19% | 65.36%
Calls: 30.57% | 107.11%
Puts: 33.80% | 23.60%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +169.15% | +514.29%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -11.18% | +484.62%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($1.31M) vs puts ($130.3K). Extreme bullish P/C ratio of 0.23 - heavy call buying (5,782 calls vs 1,355 puts). P/C ratio dropping 77% - 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
10:05BULLISHBULLISHBULLISH
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 5 of results (avg 7.9%, best 6.0%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 184.855.25$5.057.9%600.485.3K
$110.00Sep 1819.4021.20$20.308.9%--0.932.6K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 183.253.45$3.356.0%260.361.7K
$130.00Sep 185.555.95$5.757.0%180.51829
$135.00Sep 188.309.15$8.739.7%10.6598

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 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$114.00Aug 714.3016.65$15.4815.2%--1.0012
$118.00Aug 710.3512.35$11.3517.6%11.002
$119.00Aug 79.3511.70$10.5222.3%--1.0024
$120.00Aug 78.4010.75$9.5724.6%21.0015
$105.00Aug 2123.0525.55$24.3010.3%--1.0013
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$139.00Aug 78.7511.30$10.0325.4%--0.9413
$145.00Aug 2114.5517.30$15.9317.3%--0.9416
$142.00Aug 2111.9514.10$13.0216.5%--0.9210
$150.00Sep 1820.3022.85$21.5811.8%--0.9210
$145.00Sep 1815.7518.30$17.0215.0%--0.8811

Most actively traded options today. High liquidity = easy entry/exit. 129 active (total vol 7.0K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.763.15$2.9613.2%2.2K0.344.7K
$132.00Aug 70.811.30$1.0646.2%1.2K0.30706
$130.00Aug 71.601.94$1.7719.2%4730.43225
$145.00Sep 180.370.97$0.6789.6%4720.121.4K
$128.00Aug 72.353.35$2.8535.1%1110.60675
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.752.12$1.4495.1%2250.24133
$124.00Aug 70.280.47$0.3850.0%1440.151.1K
$128.00Aug 71.131.54$1.3430.6%1340.41372
$120.00Aug 70.070.11$0.0944.4%970.04227
$122.00Aug 70.090.27$0.18100.0%920.08338

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 57 strikes (avg 64.9%, max 440.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Aug 7Sep 18156.4%28.9%440.7%25343
$150.00Aug 7Sep 18136.7%29.5%363.3%93.2K
$142.00Aug 7Aug 2883.7%29.3%186.0%--56
$140.00Aug 7Sep 1852.6%29.5%78.6%4912.0K
$141.00Aug 7Sep 450.4%29.9%68.7%12121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18113.2%35.5%219.3%33.9K
$113.00Aug 7Aug 2892.8%31.8%191.6%1525
$110.00Aug 7Sep 1887.1%33.9%156.8%155.9K
$115.00Aug 7Sep 1850.2%30.2%66.1%552.7K
$129.00Aug 7Sep 447.6%28.9%64.7%3219

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 118 found (best R:R 37.46, avg 4.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Aug 21$0.14$4.86$0.1434.71$145.14
$145.00$150.00Sep 18$0.22$4.78$0.2221.73$145.22
$145.00$150.00Aug 28$0.26$4.74$0.2618.23$145.26
$150.00$155.00Sep 18$0.26$4.74$0.2618.23$150.26
$141.00$144.00Sep 4$0.30$2.70$0.309.00$141.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$110.00Aug 21$0.13$4.87$0.1337.46$114.87
$110.00$105.00Sep 18$0.31$4.69$0.3115.13$109.69
$110.00$105.00Aug 28$0.32$4.68$0.3214.63$109.68
$115.00$110.00Sep 18$0.34$4.66$0.3413.71$114.66
$119.00$110.00Sep 4$0.78$8.22$0.7810.54$118.22

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 153 found (best R:R 37.46, avg 2.24)

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$4.73$4.73$0.2717.52$119.73
$115.00$118.00Aug 21$2.82$2.82$0.1815.67$117.82
$105.00$110.00Sep 18$4.48$4.48$0.528.62$109.48
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.88$3.88$0.1232.33$135.12
$135.00$133.00Aug 7$1.89$1.89$0.1117.18$133.11
$150.00$145.00Sep 18$4.56$4.56$0.4410.36$145.44
$137.00$136.00Aug 21$0.89$0.89$0.118.09$136.11
$142.00$140.00Aug 21$1.77$1.77$0.237.70$140.23

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $0.70, cheapest $0.18)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Aug 7Aug 14$0.1844.2%36.2%
$143.00Aug 7Aug 21$0.1946.9%29.6%
$145.00Aug 7Aug 21$0.2145.0%33.2%
$140.00Aug 7Aug 14$0.2352.6%37.8%
$121.00Aug 7Aug 14$0.2747.0%37.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Aug 7Aug 14$0.3744.2%36.2%
$132.00Aug 7Aug 14$0.3746.0%38.7%
$115.00Aug 7Aug 14$0.4150.2%50.2%
$122.00Aug 7Aug 14$0.4241.7%32.9%
$117.00Aug 7Aug 21$0.4446.5%35.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 74 found (cheapest 3.04% of stock, avg 7.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$130.00Aug 7$1.77$2.16$3.93$126.07$133.933.04%
$128.00Aug 7$2.85$1.34$4.19$123.81$132.193.24%
$127.00Aug 7$3.20$1.08$4.28$122.72$131.283.31%
$126.00Aug 7$3.88$0.70$4.58$121.42$130.583.54%
$129.00Aug 7$2.29$2.32$4.61$124.39$133.613.56%
$131.00Aug 7$1.35$3.41$4.76$126.24$135.763.68%
$133.00Aug 7$0.89$4.26$5.15$127.85$138.153.98%
$132.00Aug 7$1.06$4.13$5.19$126.81$137.194.01%
$125.00Aug 7$4.72$0.54$5.26$119.74$130.264.07%
$129.00Aug 14$2.90$3.02$5.92$123.08$134.924.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 0.84% of stock, avg 3.32%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$134.00$125.00Aug 7$0.55$0.54$1.09$123.91$135.09
$150.00$110.00Sep 18$0.45$0.63$1.08$108.92$151.08
$134.00$126.00Aug 7$0.55$0.70$1.25$124.75$135.25
$145.00$110.00Sep 18$0.67$0.63$1.30$108.70$146.30
$150.00$115.00Sep 18$0.45$0.97$1.42$113.58$151.42
$133.00$125.00Aug 7$0.89$0.54$1.43$123.57$134.43
$133.00$126.00Aug 7$0.89$0.70$1.59$124.41$134.59
$132.00$125.00Aug 7$1.06$0.54$1.60$123.40$133.60
$134.00$127.00Aug 7$0.55$1.08$1.63$125.37$135.63
$145.00$115.00Sep 18$0.67$0.97$1.64$113.36$146.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 176 found (best R:R 9.64, avg credit $1.46)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
140/145150/155Sep 18$4.53$0.479.64$140.47$154.53
120/121124/125Aug 14$0.90$0.109.00$120.10$124.90
121/122125/126Aug 28$0.90$0.109.00$121.10$125.90
117/118123/124Aug 21$0.89$0.118.09$117.11$123.89
105/110115/120Sep 18$4.44$0.567.93$105.56$119.44
118/119124/125Aug 14$0.88$0.127.33$118.12$124.88
114/115125/126Aug 28$0.88$0.127.33$114.12$125.88
120/121127/128Aug 28$0.88$0.127.33$120.12$127.88
117/119120/125Aug 28$4.38$0.627.06$114.62$124.38
115/116124/125Aug 14$0.87$0.136.69$115.13$124.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 82 found (best R:R 34.71, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.14$4.8634.71
$145.00$150.00$155.00Aug 21$0.22$4.7821.73
$135.00$136.00$137.00Aug 7$0.06$0.9415.67
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$135.00$140.00$145.00Sep 18$0.33$4.6714.15
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.19$4.8125.32
$117.00$118.00$119.00Aug 7$0.05$0.9519.00
$135.00$140.00$145.00Sep 18$0.25$4.7519.00
$140.00$145.00$150.00Sep 18$0.29$4.7116.24
$123.00$124.00$125.00Aug 7$0.07$0.9313.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 108 found (best net $-1.71, 92 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Sep 18-$0.23$4.77
$150.00$155.001:2Aug 21-$0.24$4.76
$135.00$140.001:2Sep 18-$0.34$4.66
$130.00$135.001:2Sep 18-$0.87$4.13
$150.00$155.001:2Aug 7-$1.05$3.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.71$8.29
$110.00$105.001:2Sep 18-$0.01$4.99
$120.00$115.001:2Sep 18-$0.02$4.98
$110.00$105.001:2Aug 28-$0.18$4.82
$110.00$105.001:2Aug 21-$0.23$4.77

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 3.75%, avg 1.06%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.850.480.5%3.75%4.26%605.3K
$130.00Sep 4$3.700.480.5%2.86%3.37%826
$130.00Aug 28$3.600.470.5%2.78%3.29%2243
$130.00Aug 21$3.200.480.5%2.47%2.98%895.6K
$131.00Aug 28$3.150.441.3%2.44%3.72%11185
$135.00Sep 18$2.760.344.4%2.13%6.51%2.2K4.7K
$131.00Aug 21$2.670.441.3%2.06%3.35%2496
$131.00Sep 4$2.670.451.3%2.06%3.35%125
$130.00Aug 14$2.430.460.5%1.88%2.39%20123
$132.00Aug 21$2.300.402.1%1.78%3.83%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 5,782
Total Puts 1,355
Put/Call Ratio 0.23
Net Difference 4,427

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 67,521
Total Puts 45,497
Average Put/Call Ratio 0.61
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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