Tour v490
MRK
MERCK & CO. INC.
$128.93 +0.91%
(8/4 10:15) ◀
|
Tuesday, August 4, 2026 (10:20am)
January 2026
|
▶ (8/4 10:25)
◀ 8/4 10:20 ▶

Option Volume

Detail
ℹ
Current (08/04 10:20am) 9,650
Calls: 7,447 (77%)
Puts: 2,203 (23%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -61.04% (Calls)
Puts: -87.78% (Puts)
Prior 7-Day Total 128,233
Calls: 81,320 (63%)
Puts: 46,913 (37%)
Prior 7-Day Average 18,319
Calls: 11,617 (63%)
Puts: 6,701 (37%)
Current vs Prior 7-Day Avg -47.32%
Calls: -35.90%
Puts: -67.13%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:20am) $1.77M
Calls: $1.52M (86%)
Puts: $244.6K (14%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -67.97%
Puts: -92.65%
Prior 7-Day Total $28.92M
Calls: $17.06M (59%)
Puts: $11.86M (41%)
Prior 7-Day Average $4.13M
Calls: $2.44M (59%)
Puts: $1.69M (41%)
Current vs Prior 7-Day Avg -57.19%
Calls: -37.46%
Puts: -85.56%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:20am) 0.30
Prior 1.00
Current vs Prior -70.42%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg -38.87%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:20am) 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% | 5.33%6.59% | 10.59%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -34.00% | -14.89%-6.42% | -6.81%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -11.40% | -3.71%-6.42% | -6.81%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -34.00% | -14.89%-5.67% | -9.09%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 23.50% | 63.18%
Calls: 19.25% | 36.36%
Puts: 27.75% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +96.49% | +493.80%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -35.15% | +465.12%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.52M) vs puts ($244.6K). Extreme bullish P/C ratio of 0.30 - heavy call buying (7,447 calls vs 2,203 puts). P/C ratio dropping 70% - 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
10:20BULLISHBULLISHBULLISH
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 5 of results (avg 6.3%, best 4.9%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 184.755.05$4.906.1%1800.475.3K
$125.00Sep 187.357.85$7.606.6%150.623.0K
$135.00Sep 182.793.00$2.907.2%2.2K0.344.7K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 181.982.08$2.034.9%590.243.7K
$130.00Sep 185.856.25$6.056.6%180.52829

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 713.1015.85$14.4819.0%--1.0012
$118.00Aug 79.3011.90$10.6024.5%11.002
$119.00Aug 78.4010.95$9.6826.3%--1.0024
$120.00Aug 77.4010.00$8.7029.9%21.0015
$105.00Aug 2122.5525.10$23.8310.7%--1.0013
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2115.2017.65$16.4214.9%--0.9616
$139.00Aug 79.2011.80$10.5024.8%--0.9413
$150.00Sep 1820.6023.25$21.9312.1%--0.9310
$142.00Aug 2112.6014.90$13.7516.7%--0.9210
$135.00Aug 75.307.85$6.5738.8%--0.8910

Most actively traded options today. High liquidity = easy entry/exit. 140 active (total vol 9.2K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.793.00$2.907.2%2.2K0.344.7K
$145.00Sep 180.640.87$0.7630.3%1.4K0.121.4K
$132.00Aug 70.590.85$0.7236.1%1.2K0.25706
$130.00Aug 71.231.58$1.4124.8%4880.40225
$127.00Aug 72.753.30$3.0318.2%2770.64328
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.300.48$0.3946.2%6570.151.1K
$123.00Aug 211.212.12$1.6754.5%2250.27133
$128.00Aug 71.282.29$1.7956.4%1450.44372
$120.00Aug 70.050.16$0.11100.0%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 53.5%, max 393.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18138.4%28.1%393.0%93.2K
$142.00Aug 7Aug 2885.3%29.9%185.6%--56
$141.00Aug 7Sep 451.6%29.9%72.5%12121
$115.00Aug 14Sep 1850.2%30.3%65.8%12.1K
$145.00Aug 7Sep 1845.9%28.8%59.5%1.4K2.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18112.4%34.0%230.9%73.9K
$113.00Aug 7Aug 2891.7%31.8%188.2%1525
$110.00Aug 7Sep 1886.3%33.4%157.9%165.9K
$117.00Aug 7Aug 2846.8%28.6%63.5%7118
$115.00Aug 7Sep 1849.5%30.3%63.3%822.7K

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
$129.00$130.00Aug 14$0.12$0.88$0.127.33$129.12
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
$115.00$110.00Sep 18$0.44$4.56$0.4410.36$114.56
$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. 155 found (best R:R 32.33, avg 2.05)

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
$130.00$129.00Aug 14$0.88$0.88$0.127.33$129.12
$131.00$130.00Aug 21$0.87$0.87$0.136.69$130.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 53 found (avg debit $0.74, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Aug 7Aug 21$0.1145.9%30.5%
$143.00Aug 7Aug 21$0.1948.1%30.7%
$140.00Aug 7Aug 14$0.2044.4%34.4%
$121.00Aug 7Aug 14$0.2844.0%36.8%
$114.00Aug 7Aug 14$0.3054.5%69.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Aug 7Aug 14$0.3544.5%36.3%
$132.00Aug 7Aug 14$0.3539.9%38.9%
$115.00Aug 7Aug 14$0.4149.5%50.2%
$117.00Aug 7Aug 21$0.4446.8%34.4%
$118.00Aug 7Aug 14$0.4543.0%42.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 3.00% of stock, avg 7.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.78$2.09$3.87$125.13$132.873.00%
$128.00Aug 7$2.39$1.79$4.18$123.82$132.183.24%
$130.00Aug 7$1.41$2.77$4.18$125.82$134.183.24%
$126.00Aug 7$3.29$0.97$4.26$121.74$130.263.30%
$131.00Aug 7$1.01$3.31$4.32$126.68$135.323.35%
$127.00Aug 7$3.03$1.34$4.37$122.63$131.373.39%
$132.00Aug 7$0.72$4.25$4.97$127.03$136.973.85%
$125.00Aug 7$4.45$0.70$5.15$119.85$130.153.99%
$133.00Aug 7$0.53$4.78$5.31$127.69$138.314.12%
$124.00Aug 7$5.18$0.39$5.57$118.43$129.574.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 148 found (cheapest 0.71% of stock, avg 3.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$124.00Aug 7$0.53$0.39$0.92$123.08$133.92
$150.00$110.00Sep 18$0.33$0.63$0.96$109.04$150.96
$132.00$124.00Aug 7$0.72$0.39$1.11$122.89$133.11
$133.00$125.00Aug 7$0.53$0.70$1.23$123.77$134.23
$145.00$110.00Sep 18$0.76$0.63$1.39$108.61$146.39
$131.00$124.00Aug 7$1.01$0.39$1.40$122.60$132.40
$150.00$115.00Sep 18$0.33$1.07$1.40$113.60$151.40
$132.00$125.00Aug 7$0.72$0.70$1.42$123.58$133.42
$133.00$126.00Aug 7$0.53$0.97$1.50$124.50$134.50
$132.00$126.00Aug 7$0.72$0.97$1.69$124.31$133.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 175 found (best R:R 10.76, avg credit $1.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Aug 21$1.83$0.1710.76$115.17$119.83
119/120126/127Aug 21$0.90$0.109.00$119.10$126.90
121/122126/127Aug 21$0.90$0.109.00$121.10$126.90
115/116123/124Aug 14$0.89$0.118.09$115.11$123.89
120/121123/124Aug 14$0.89$0.118.09$120.11$123.89
117/118123/124Aug 21$0.89$0.118.09$117.11$123.89
114/115131/132Aug 28$0.88$0.127.33$114.12$131.88
119/120131/132Sep 4$0.88$0.127.33$119.12$131.88
120/121131/132Sep 4$0.88$0.127.33$120.12$131.88
105/110115/120Sep 18$4.39$0.617.20$105.61$119.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 61.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$110.00$115.00$120.00Sep 18$0.37$4.6312.51
$133.00$134.00$135.00Aug 7$0.08$0.9211.50
$137.00$138.00$139.00Aug 7$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.08$4.9261.50
$105.00$110.00$115.00Aug 21$0.24$4.7619.83
$117.00$118.00$119.00Aug 7$0.05$0.9519.00
$120.00$121.00$122.00Aug 21$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. 99 found (best net $-1.71, 86 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.04$4.96
$135.00$140.001:2Sep 18-$0.28$4.72
$130.00$135.001:2Sep 18-$0.90$4.10
$125.00$130.001:2Sep 18-$2.20$2.80
$141.00$144.001:2Sep 4-$0.33$2.67
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
$128.00$123.001:2Sep 4-$0.02$4.98
$120.00$115.001:2Sep 18-$0.11$4.89
$110.00$105.001:2Aug 28-$0.12$4.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 3.68%, avg 1.11%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.750.470.8%3.68%4.51%1805.3K
$130.00Aug 28$3.600.470.8%2.79%3.62%2243
$130.00Sep 4$3.300.480.8%2.56%3.39%826
$131.00Aug 28$3.200.441.6%2.48%4.09%11185
$130.00Aug 21$3.050.450.8%2.37%3.20%905.6K
$129.00Aug 21$2.990.490.1%2.32%2.37%4238
$129.00Aug 28$2.850.500.1%2.21%2.26%--21
$135.00Sep 18$2.790.344.7%2.16%6.87%2.2K4.7K
$131.00Sep 4$2.670.451.6%2.07%3.68%125
$131.00Aug 21$2.550.411.6%1.98%3.58%2496

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 7,447
Total Puts 2,203
Put/Call Ratio 0.30
Net Difference 5,244

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 81,320
Total Puts 46,913
Average Put/Call Ratio 0.48
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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