Tour v490
MRK
MERCK & CO. INC.
$128.09 +0.25%
(8/4 10:05) ◀
|
Tuesday, August 4, 2026 (10:10am)
January 2026
|
▶ (8/4 10:15)
◀ 8/4 10:10 ▶

Option Volume

Detail
ℹ
Current (08/04 10:10am) 8,349
Calls: 6,869 (82%)
Puts: 1,480 (18%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -64.06% (Calls)
Puts: -91.79% (Puts)
Prior 7-Day Total 117,323
Calls: 71,414 (61%)
Puts: 45,909 (39%)
Prior 7-Day Average 16,760
Calls: 10,202 (61%)
Puts: 6,558 (39%)
Current vs Prior 7-Day Avg -50.19%
Calls: -32.67%
Puts: -77.43%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:10am) $1.41M
Calls: $1.24M (88%)
Puts: $170.5K (12%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -73.99%
Puts: -94.87%
Prior 7-Day Total $26.84M
Calls: $15.18M (57%)
Puts: $11.66M (43%)
Prior 7-Day Average $3.83M
Calls: $2.17M (57%)
Puts: $1.67M (43%)
Current vs Prior 7-Day Avg -63.27%
Calls: -42.92%
Puts: -89.76%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:10am) 0.22
Prior 1.00
Current vs Prior -78.45%
Prior 7-Day Average 0.57
Current vs Prior 7-Day Avg -62.14%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:10am) 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 3.66% | 5.23%6.53% | 10.59%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -30.45% | -16.45%-7.36% | -6.81%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -6.64% | -5.47%-7.36% | -6.81%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -30.45% | -16.45%-6.62% | -9.10%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 40.45% | 68.64%
Calls: 47.78% | 47.28%
Puts: 33.13% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +238.21% | +545.11%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +11.62% | +513.95%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($1.24M) vs puts ($170.5K). Extreme bullish P/C ratio of 0.22 - heavy call buying (6,869 calls vs 1,480 puts). P/C ratio dropping 78% - 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
10:10BULLISHBULLISHBULLISH
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 6 of results (avg 6.0%, best 3.9%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 184.404.65$4.535.5%730.455.3K
$125.00Sep 186.957.40$7.186.3%60.603.0K
$140.00Sep 181.371.51$1.449.7%490.2011.3K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 183.803.95$3.883.9%490.401.7K
$130.00Sep 186.256.50$6.383.9%180.54829
$120.00Sep 182.082.23$2.166.9%--0.263.7K

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. 83 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Sep 1823.4026.00$24.7010.5%--1.001.1K
$114.00Aug 713.8016.35$15.0816.9%--1.0012
$118.00Aug 79.6012.35$10.9825.0%10.982
$110.00Aug 2118.0020.65$19.3313.7%--0.98704
$105.00Aug 2122.8525.55$24.2011.2%--0.9713
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 75.057.65$6.3540.9%--1.0010
$139.00Aug 78.7511.50$10.1327.1%--1.0013
$145.00Aug 2114.7517.30$16.0215.9%--1.0016
$142.00Aug 2112.6014.50$13.5514.0%--0.9810
$150.00Sep 1820.3023.05$21.6812.7%--0.9410

Most actively traded options today. High liquidity = easy entry/exit. 130 active (total vol 8.1K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.482.76$2.6210.7%2.2K0.324.7K
$145.00Sep 180.410.87$0.6471.9%1.4K0.111.4K
$132.00Aug 70.501.19$0.8581.2%1.2K0.28706
$130.00Aug 71.021.31$1.1724.8%4780.40225
$140.00Aug 210.400.70$0.5554.5%1180.127.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Aug 210.992.12$1.5672.4%2250.26133
$124.00Aug 70.320.63$0.4864.6%1450.171.1K
$128.00Aug 71.391.99$1.6935.5%1420.45372
$120.00Aug 70.070.12$0.1050.0%980.04227
$122.00Aug 70.100.27$0.1989.5%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. 56 strikes (avg 55.1%, max 376.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18137.7%28.9%376.9%93.2K
$142.00Aug 7Aug 2884.6%29.8%183.5%--56
$140.00Aug 7Sep 1853.3%29.6%80.0%8412.0K
$141.00Aug 7Sep 451.1%29.7%71.8%12121
$115.00Aug 14Sep 1850.2%30.2%66.3%12.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18112.7%32.2%249.9%63.9K
$113.00Aug 7Aug 2892.1%31.3%193.9%1525
$110.00Aug 7Sep 1886.6%32.6%165.7%165.9K
$117.00Aug 7Aug 2847.1%27.8%69.7%5118
$115.00Aug 7Sep 1849.8%30.2%65.0%782.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 118 found (best R:R 26.78, avg 3.41)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Aug 28$0.26$4.74$0.2618.23$145.26
$145.00$150.00Sep 18$0.31$4.69$0.3115.13$145.31
$141.00$144.00Sep 4$0.30$2.70$0.309.00$141.30
$131.00$132.00Aug 7$0.11$0.89$0.118.09$131.11
$135.00$136.00Aug 7$0.11$0.89$0.118.09$135.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$110.00Aug 21$0.18$4.82$0.1826.78$114.82
$110.00$105.00Aug 28$0.35$4.65$0.3513.29$109.65
$110.00$105.00Sep 18$0.40$4.60$0.4011.50$109.60
$119.00$110.00Sep 4$0.77$8.23$0.7710.69$118.23
$117.00$115.00Aug 21$0.18$1.82$0.1810.11$116.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 152 found (best R:R 37.46, avg 2.02)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$110.00Aug 21$4.87$4.87$0.1337.46$109.87
$110.00$115.00Aug 21$4.83$4.83$0.1728.41$114.83
$105.00$110.00Sep 18$4.80$4.80$0.2024.00$109.80
$110.00$115.00Sep 18$4.47$4.47$0.538.43$114.47
$118.00$119.00Aug 7$0.88$0.88$0.127.33$118.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.78$3.78$0.2217.18$135.22
$150.00$145.00Sep 18$4.66$4.66$0.3413.71$145.34
$130.00$129.00Aug 14$0.88$0.88$0.127.33$129.12
$145.00$140.00Sep 18$4.27$4.27$0.735.85$140.73
$145.00$142.00Aug 21$2.47$2.47$0.534.66$142.53

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 53 found (avg debit $0.75, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Aug 7Aug 14$0.1153.3%34.4%
$145.00Aug 7Aug 21$0.1345.5%31.0%
$114.00Aug 7Aug 14$0.1754.9%69.7%
$143.00Aug 7Aug 21$0.1947.7%30.3%
$115.00Aug 14Aug 21$0.2250.2%35.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$123.00Aug 7Aug 14$0.3543.3%31.0%
$120.00Aug 7Aug 14$0.3644.0%36.2%
$132.00Aug 7Aug 14$0.3742.2%37.4%
$115.00Aug 7Aug 14$0.4149.8%50.2%
$122.00Aug 7Aug 14$0.4141.3%32.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 74 found (cheapest 2.84% of stock, avg 7.59%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Aug 7$2.55$1.09$3.64$123.36$130.642.84%
$129.00Aug 7$1.74$2.19$3.93$125.07$132.933.07%
$130.00Aug 7$1.17$2.85$4.02$125.98$134.023.14%
$131.00Aug 7$0.96$3.18$4.14$126.86$135.143.23%
$128.00Aug 7$2.50$1.69$4.19$123.81$132.193.27%
$126.00Aug 7$3.42$0.82$4.24$121.76$130.243.31%
$132.00Aug 7$0.85$4.13$4.98$127.02$136.983.89%
$133.00Aug 7$0.69$4.38$5.07$127.93$138.073.96%
$125.00Aug 7$4.60$0.73$5.33$119.67$130.334.16%
$129.00Aug 14$2.90$3.02$5.92$123.08$134.924.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 0.75% of stock, avg 3.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$110.00Sep 18$0.33$0.63$0.96$109.04$150.96
$133.00$124.00Aug 7$0.69$0.48$1.17$122.83$134.17
$145.00$110.00Sep 18$0.64$0.63$1.27$108.73$146.27
$132.00$124.00Aug 7$0.85$0.48$1.33$122.67$133.33
$150.00$115.00Sep 18$0.33$1.08$1.41$113.59$151.41
$133.00$125.00Aug 7$0.69$0.73$1.42$123.58$134.42
$131.00$124.00Aug 7$0.96$0.48$1.44$122.56$132.44
$133.00$126.00Aug 7$0.69$0.82$1.51$124.49$134.51
$132.00$125.00Aug 7$0.85$0.73$1.58$123.42$133.58
$130.00$124.00Aug 7$1.17$0.48$1.65$122.35$131.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 160 found (best R:R 19.00, avg credit $1.49)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
118/119121/123Aug 14$1.90$0.1019.00$117.10$122.90
115/116121/123Aug 14$1.89$0.1117.18$114.11$122.89
110/115120/125Sep 18$4.57$0.4310.63$110.43$124.57
105/110115/120Sep 18$4.53$0.479.64$105.47$119.53
115/117120/122Aug 21$1.81$0.199.53$115.19$121.81
105/110120/125Sep 18$4.52$0.489.42$105.48$124.52
123/124125/126Aug 21$0.90$0.109.00$123.10$125.90
117/118123/124Aug 21$0.89$0.118.09$117.11$123.89
121/122129/130Aug 28$0.89$0.118.09$121.11$129.89
114/115125/126Aug 28$0.88$0.127.33$114.12$125.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 79 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$105.00$110.00$115.00Sep 18$0.33$4.6714.15
$110.00$115.00$120.00Sep 18$0.34$4.6613.71
$135.00$140.00$145.00Sep 18$0.38$4.6212.16
$137.00$138.00$139.00Aug 7$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.05$4.9599.00
$125.00$130.00$135.00Sep 18$0.17$4.8328.41
$105.00$110.00$115.00Aug 21$0.24$4.7619.83
$119.00$120.00$121.00Aug 7$0.06$0.9415.67
$120.00$121.00$122.00Aug 28$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. 103 found (best net $-1.71, 89 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.02$4.98
$145.00$150.001:2Sep 18-$0.02$4.98
$135.00$140.001:2Sep 18-$0.26$4.74
$130.00$135.001:2Sep 18-$0.71$4.29
$125.00$130.001:2Sep 18-$1.88$3.12
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.71$8.29
$120.00$115.001:2Sep 18$0.00$5.00
$110.00$105.001:2Aug 28-$0.12$4.88
$115.00$110.001:2Sep 18-$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. 52 found (best yield 3.44%, avg 1.03%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.400.451.5%3.44%4.93%735.3K
$130.00Sep 4$3.500.491.5%2.73%4.22%826
$130.00Aug 28$3.150.461.5%2.46%3.95%2243
$129.00Aug 21$3.050.500.7%2.38%3.09%4238
$129.00Aug 28$3.050.500.7%2.38%3.09%--21
$131.00Aug 28$2.750.432.3%2.15%4.42%11185
$131.00Sep 4$2.670.452.3%2.08%4.36%125
$130.00Aug 21$2.620.461.5%2.05%3.54%895.6K
$135.00Sep 18$2.480.325.4%1.94%7.33%2.2K4.7K
$132.00Sep 4$2.250.423.0%1.76%4.81%--428

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 6,869
Total Puts 1,480
Put/Call Ratio 0.22
Net Difference 5,389

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 71,414
Total Puts 45,909
Average Put/Call Ratio 0.57
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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