Tour v490
MRK
MERCK & CO. INC.
$128.10 +0.26%
(8/4 10:10) ◀
|
Tuesday, August 4, 2026 (10:15am)
January 2026
|
▶ (8/4 10:20)
◀ 8/4 10:15 ▶

Option Volume

Detail
ℹ
Current (08/04 10:15am) 8,775
Calls: 7,120 (81%)
Puts: 1,655 (19%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -62.75% (Calls)
Puts: -90.82% (Puts)
Prior 7-Day Total 122,644
Calls: 76,312 (62%)
Puts: 46,332 (38%)
Prior 7-Day Average 17,520
Calls: 10,901 (62%)
Puts: 6,618 (38%)
Current vs Prior 7-Day Avg -49.92%
Calls: -34.69%
Puts: -75.00%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:15am) $1.53M
Calls: $1.31M (86%)
Puts: $220.2K (14%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -72.48%
Puts: -93.38%
Prior 7-Day Total $27.84M
Calls: $16.11M (58%)
Puts: $11.73M (42%)
Prior 7-Day Average $3.98M
Calls: $2.30M (58%)
Puts: $1.68M (42%)
Current vs Prior 7-Day Avg -61.54%
Calls: -43.09%
Puts: -86.87%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:15am) 0.23
Prior 1.00
Current vs Prior -76.76%
Prior 7-Day Average 0.52
Current vs Prior 7-Day Avg -55.59%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:15am) 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 3.47% | 5.23%6.64% | 10.58%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -34.01% | -16.46%-5.82% | -6.89%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -11.42% | -5.48%-5.82% | -6.89%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -34.01% | -16.46%-5.06% | -9.17%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 41.71% | 68.50%
Calls: 46.60% | 47.01%
Puts: 36.82% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +248.75% | +543.80%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +15.09% | +512.70%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.31M) vs puts ($220.2K). Extreme bullish P/C ratio of 0.23 - heavy call buying (7,120 calls vs 1,655 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
10:15BULLISHBULLISHBULLISH
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 5.3%, best 3.7%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 186.957.25$7.104.2%60.603.0K
$130.00Sep 184.354.60$4.475.6%1800.455.3K
$135.00Sep 182.502.71$2.618.0%2.2K0.314.7K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 182.132.21$2.173.7%10.263.7K
$125.00Sep 183.803.95$3.883.9%490.401.7K
$130.00Sep 186.256.65$6.456.2%180.55829

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
$105.00Sep 1822.9525.60$24.2810.9%--1.001.1K
$114.00Aug 713.1015.85$14.4819.0%--0.9912
$118.00Aug 79.3011.90$10.6024.5%10.982
$110.00Aug 2117.5520.20$18.8814.0%--0.98704
$105.00Aug 2122.5525.10$23.8310.7%--0.9713
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2115.2017.65$16.4214.9%--1.0016
$142.00Aug 2112.6014.90$13.7516.7%--0.9710
$139.00Aug 79.2011.80$10.5024.8%--0.9513
$150.00Sep 1820.6023.25$21.9312.1%--0.9410
$140.00Aug 2110.4512.85$11.6520.6%--0.9123

Most actively traded options today. High liquidity = easy entry/exit. 136 active (total vol 8.5K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.502.71$2.618.0%2.2K0.314.7K
$145.00Sep 180.640.87$0.7630.3%1.4K0.121.4K
$132.00Aug 70.451.00$0.7375.3%1.2K0.24706
$130.00Aug 71.001.23$1.1220.5%4850.35225
$130.00Sep 184.354.60$4.475.6%1800.455.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.420.66$0.5444.4%2420.201.1K
$123.00Aug 211.172.12$1.6557.6%2250.27133
$128.00Aug 71.582.29$1.9436.6%1430.49372
$120.00Aug 70.050.18$0.12108.3%1090.05227
$122.00Aug 70.100.32$0.21104.8%920.09338

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 53.2%, max 386.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18141.2%29.0%386.4%93.2K
$142.00Aug 7Aug 2888.0%30.4%189.2%--56
$141.00Aug 7Sep 453.6%29.7%80.3%12121
$115.00Aug 14Sep 1849.8%30.4%63.8%12.1K
$139.00Aug 7Aug 2852.4%32.3%62.6%5444
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18110.4%33.1%233.7%73.9K
$113.00Aug 7Aug 2889.3%31.3%185.0%1525
$110.00Aug 7Sep 1884.2%32.4%159.9%165.9K
$117.00Aug 7Aug 2844.8%28.1%59.6%6118
$115.00Aug 7Sep 1847.8%30.4%57.4%782.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 120 found (best R:R 26.78, avg 3.37)

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$0.43$4.57$0.4310.63$145.43
$141.00$144.00Sep 4$0.30$2.70$0.309.00$141.30
$135.00$136.00Aug 7$0.11$0.89$0.118.09$135.11
$139.00$140.00Aug 21$0.11$0.89$0.118.09$139.11
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$0.36$4.64$0.3612.89$109.64
$117.00$115.00Aug 21$0.18$1.82$0.1810.11$116.82
$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. 156 found (best R:R 32.33, avg 2.09)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$114.00$118.00Aug 7$3.88$3.88$0.1232.33$117.88
$110.00$115.00Aug 21$4.80$4.80$0.2024.00$114.80
$105.00$110.00Sep 18$4.80$4.80$0.2024.00$109.80
$115.00$120.00Aug 14$4.70$4.70$0.3015.67$119.70
$115.00$118.00Aug 21$2.75$2.75$0.2511.00$117.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$150.00$145.00Sep 18$4.66$4.66$0.3413.71$145.34
$135.00$133.00Aug 7$1.79$1.79$0.218.52$133.21
$145.00$142.00Aug 21$2.67$2.67$0.338.09$142.33
$145.00$140.00Sep 18$4.34$4.34$0.666.58$140.66
$135.00$134.00Aug 21$0.85$0.85$0.155.67$134.15

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
$145.00Aug 7Aug 21$0.1147.4%30.5%
$143.00Aug 7Aug 21$0.1949.8%30.7%
$140.00Aug 7Aug 14$0.2046.4%34.8%
$114.00Aug 7Aug 14$0.3052.9%69.3%
$115.00Aug 14Aug 21$0.3149.8%34.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Aug 7Aug 14$0.3443.0%35.7%
$124.00Aug 7Aug 14$0.3541.8%30.2%
$132.00Aug 7Aug 14$0.3543.7%38.1%
$122.00Aug 7Aug 14$0.3939.5%32.3%
$115.00Aug 7Aug 14$0.4147.8%49.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 74 found (cheapest 2.97% of stock, avg 7.55%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.42$2.39$3.81$125.19$132.812.97%
$127.00Aug 7$2.49$1.34$3.83$123.17$130.832.99%
$128.00Aug 7$2.06$1.94$4.00$124.00$132.003.12%
$130.00Aug 7$1.12$2.99$4.11$125.89$134.113.21%
$131.00Aug 7$0.91$3.31$4.22$126.78$135.223.29%
$126.00Aug 7$3.29$0.97$4.26$121.74$130.263.33%
$132.00Aug 7$0.73$4.25$4.98$127.02$136.983.89%
$125.00Aug 7$4.45$0.73$5.18$119.82$130.184.04%
$133.00Aug 7$0.48$4.78$5.26$127.74$138.264.11%
$124.00Aug 7$5.18$0.54$5.72$118.28$129.724.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 143 found (cheapest 0.75% of stock, avg 3.31%)

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$0.48$0.54$1.02$122.98$134.02
$133.00$125.00Aug 7$0.48$0.73$1.21$123.79$134.21
$132.00$124.00Aug 7$0.73$0.54$1.27$122.73$133.27
$145.00$110.00Sep 18$0.76$0.63$1.39$108.61$146.39
$131.00$124.00Aug 7$0.91$0.54$1.45$122.55$132.45
$133.00$126.00Aug 7$0.48$0.97$1.45$124.55$134.45
$132.00$125.00Aug 7$0.73$0.73$1.46$123.54$133.46
$150.00$115.00Sep 18$0.33$1.19$1.52$113.48$151.52
$131.00$125.00Aug 7$0.91$0.73$1.64$123.36$132.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 165 found (best R:R 10.76, avg credit $1.44)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Aug 21$1.83$0.1710.76$115.17$119.83
110/115120/125Sep 18$4.51$0.499.20$110.49$124.51
117/118123/124Aug 21$0.89$0.118.09$117.11$123.89
119/120131/132Sep 4$0.88$0.127.33$119.12$131.88
105/110115/120Sep 18$4.39$0.617.20$105.61$119.39
118/119120/121Aug 14$0.87$0.136.69$118.13$120.87
105/110120/125Sep 18$4.31$0.696.25$105.69$124.31
115/116120/121Aug 14$0.86$0.146.14$115.14$120.86
117/118125/126Aug 21$0.86$0.146.14$117.14$125.86
129/130133/134Aug 28$0.84$0.165.25$129.16$133.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 61.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$115.00$120.00$125.00Sep 18$0.08$4.9261.50
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$140.00$145.00$150.00Sep 18$0.26$4.7418.23
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$131.00$132.00$133.00Aug 28$0.06$0.9415.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.20$4.8024.00
$105.00$110.00$115.00Aug 21$0.24$4.7619.83
$117.00$118.00$119.00Aug 7$0.05$0.9519.00
$124.00$125.00$126.00Aug 7$0.05$0.9519.00
$133.00$134.00$135.00Aug 21$0.05$0.9519.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 102 found (best net $-1.71, 89 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.04$4.96
$140.00$145.001:2Sep 18-$0.07$4.93
$135.00$140.001:2Sep 18-$0.29$4.71
$130.00$135.001:2Sep 18-$0.75$4.25
$125.00$130.001:2Sep 18-$1.84$3.16
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.71$8.29
$129.00$123.001:2Sep 11-$0.33$5.67
$115.00$110.001:2Sep 18-$0.07$4.93
$110.00$105.001:2Aug 28-$0.12$4.88
$120.00$115.001:2Sep 18-$0.21$4.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 3.40%, avg 1.01%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.350.451.5%3.40%4.88%1805.3K
$130.00Sep 4$3.300.491.5%2.58%4.06%826
$130.00Aug 28$3.150.461.5%2.46%3.94%2243
$129.00Aug 21$2.890.490.7%2.26%2.96%4238
$129.00Aug 28$2.850.500.7%2.22%2.93%--21
$131.00Aug 28$2.780.432.3%2.17%4.43%11185
$131.00Sep 4$2.670.452.3%2.08%4.35%125
$130.00Aug 21$2.640.451.5%2.06%3.54%895.6K
$135.00Sep 18$2.500.315.4%1.95%7.34%2.2K4.7K
$132.00Sep 4$2.250.423.0%1.76%4.80%--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 7,120
Total Puts 1,655
Put/Call Ratio 0.23
Net Difference 5,465

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 76,312
Total Puts 46,332
Average Put/Call Ratio 0.52
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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