Tour v490
MRK
MERCK & CO. INC.
$128.44 +0.52%
(8/4 10:20) ◀
|
Tuesday, August 4, 2026 (10:25am)
January 2026
|
▶ (8/4 10:30)
◀ 8/4 10:25 ▶

Option Volume

Detail
ℹ
Current (08/04 10:25am) 9,735
Calls: 7,520 (77%)
Puts: 2,215 (23%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -60.66% (Calls)
Puts: -87.71% (Puts)
Prior 7-Day Total 134,363
Calls: 86,365 (64%)
Puts: 47,998 (36%)
Prior 7-Day Average 19,194
Calls: 12,337 (64%)
Puts: 6,856 (36%)
Current vs Prior 7-Day Avg -49.28%
Calls: -39.05%
Puts: -67.70%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:25am) $1.75M
Calls: $1.50M (86%)
Puts: $252.9K (14%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -68.46%
Puts: -92.40%
Prior 7-Day Total $30.08M
Calls: $18.07M (60%)
Puts: $12.01M (40%)
Prior 7-Day Average $4.30M
Calls: $2.58M (60%)
Puts: $1.72M (40%)
Current vs Prior 7-Day Avg -59.19%
Calls: -41.86%
Puts: -85.26%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:25am) 0.29
Prior 1.00
Current vs Prior -70.55%
Prior 7-Day Average 0.46
Current vs Prior 7-Day Avg -35.93%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:25am) 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% | 5.27%6.59% | 10.55%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -34.63% | -15.81%-6.51% | -7.14%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -12.25% | -4.75%-6.51% | -7.14%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -34.63% | -15.81%-5.76% | -9.41%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.98% | 66.34%
Calls: 26.96% | 42.67%
Puts: 25.00% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +117.22% | +523.50%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -28.31% | +493.38%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.50M) vs puts ($252.9K). Extreme bullish P/C ratio of 0.29 - heavy call buying (7,520 calls vs 2,215 puts). P/C ratio dropping 71% - 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
10:25BULLISHBULLISHBULLISH
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 8 of results (avg 6.0%, best 2.7%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 187.257.45$7.352.7%150.613.0K
$130.00Sep 184.604.75$4.683.2%2310.475.3K
$135.00Sep 182.672.87$2.777.2%2.2K0.334.7K
$140.00Sep 181.451.60$1.539.8%560.2111.3K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 186.056.35$6.204.8%180.53829
$120.00Sep 182.072.21$2.146.5%590.253.7K
$125.00Sep 183.653.90$3.786.6%520.391.7K
$130.00Aug 214.204.50$4.356.9%30.55544

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. 82 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Aug 2122.5525.10$23.8310.7%--1.0013
$110.00Aug 2117.5520.20$18.8814.0%--1.00704
$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
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Aug 2115.2017.65$16.4214.9%--0.9616
$139.00Aug 79.2011.80$10.5024.8%--0.9513
$150.00Sep 1820.6023.25$21.9312.1%--0.9310
$142.00Aug 2112.6014.90$13.7516.7%--0.9310
$135.00Aug 75.307.85$6.5738.8%--0.9010

Most actively traded options today. High liquidity = easy entry/exit. 142 active (total vol 9.3K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.672.87$2.777.2%2.2K0.334.7K
$145.00Sep 180.640.87$0.7630.3%1.4K0.121.4K
$132.00Aug 70.570.78$0.6830.9%1.2K0.25706
$130.00Aug 71.081.56$1.3236.4%4890.40225
$127.00Aug 72.633.30$2.9722.6%2770.63328
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.370.60$0.4946.9%6570.171.1K
$123.00Aug 211.252.12$1.6951.5%2250.27133
$128.00Aug 71.311.80$1.5631.4%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 51.9%, max 387.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18138.5%28.4%387.3%93.2K
$142.00Aug 7Aug 2885.3%29.9%185.7%--56
$141.00Aug 7Sep 451.6%29.9%72.5%12121
$115.00Aug 14Sep 1850.2%30.7%63.4%12.1K
$139.00Aug 7Aug 2850.2%31.6%58.9%5444
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18112.5%33.7%234.1%73.9K
$113.00Aug 7Aug 2891.8%31.8%188.4%1525
$110.00Aug 7Sep 1886.3%33.1%160.9%165.9K
$117.00Aug 7Aug 2846.8%28.6%63.7%7118
$115.00Aug 7Sep 1849.5%30.7%61.1%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 3.47)

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
$139.00$140.00Aug 7$0.11$0.89$0.118.09$139.11
$133.00$134.00Aug 28$0.11$0.89$0.118.09$133.11
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 2.00)

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
$125.00$124.00Aug 14$0.83$0.83$0.174.88$124.17

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%30.6%
$140.00Aug 7Aug 14$0.2240.6%34.4%
$121.00Aug 7Aug 14$0.2845.6%36.8%
$114.00Aug 7Aug 14$0.3054.6%69.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Aug 7Aug 14$0.3544.5%36.3%
$132.00Aug 7Aug 14$0.3538.8%36.5%
$124.00Aug 7Aug 14$0.4042.3%30.8%
$115.00Aug 7Aug 14$0.4149.5%50.2%
$117.00Aug 7Aug 21$0.4446.8%34.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 3.01% of stock, avg 7.55%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$2.30$1.56$3.86$124.14$131.863.01%
$129.00Aug 7$1.80$2.12$3.92$125.08$132.923.05%
$130.00Aug 7$1.32$2.84$4.16$125.84$134.163.24%
$126.00Aug 7$3.29$0.97$4.26$121.74$130.263.32%
$131.00Aug 7$0.98$3.31$4.29$126.71$135.293.34%
$127.00Aug 7$2.97$1.35$4.32$122.68$131.323.36%
$132.00Aug 7$0.68$4.25$4.93$127.07$136.933.84%
$125.00Aug 7$4.45$0.70$5.15$119.85$130.154.01%
$133.00Aug 7$0.52$4.78$5.30$127.70$138.304.13%
$124.00Aug 7$5.18$0.49$5.67$118.33$129.674.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 147 found (cheapest 0.75% of stock, avg 3.46%)

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$0.52$0.49$1.01$122.99$134.01
$132.00$124.00Aug 7$0.68$0.49$1.17$122.83$133.17
$133.00$125.00Aug 7$0.52$0.70$1.22$123.78$134.22
$132.00$125.00Aug 7$0.68$0.70$1.38$123.62$133.38
$145.00$110.00Sep 18$0.76$0.63$1.39$108.61$146.39
$150.00$115.00Sep 18$0.33$1.12$1.45$113.55$151.45
$131.00$124.00Aug 7$0.98$0.49$1.47$122.53$132.47
$133.00$126.00Aug 7$0.52$0.97$1.49$124.51$134.49
$132.00$126.00Aug 7$0.68$0.97$1.65$124.35$133.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 175 found (best R:R 10.76, avg credit $1.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Aug 21$1.83$0.1710.76$115.17$119.83
120/121126/127Aug 21$0.90$0.109.00$120.10$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
119/120128/129Aug 28$0.88$0.127.33$119.12$128.88
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
117/118126/127Aug 21$0.86$0.146.14$117.14$126.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 81 found (best R:R 40.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$133.00$134.00$135.00Aug 7$0.06$0.9415.67
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$115.00$120.00$125.00Sep 18$0.33$4.6714.15
$140.00$145.00$150.00Sep 18$0.34$4.6613.71
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.12$4.8840.67
$105.00$110.00$115.00Sep 18$0.13$4.8737.46
$117.00$118.00$119.00Aug 7$0.05$0.9519.00
$119.00$120.00$121.00Aug 7$0.05$0.9519.00
$121.00$122.00$123.00Aug 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. 102 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-$0.29$4.71
$130.00$135.001:2Sep 18-$0.86$4.14
$125.00$130.001:2Sep 18-$2.01$2.99
$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
$128.00$123.001:2Sep 4-$0.02$4.98
$120.00$115.001:2Sep 18-$0.10$4.90
$110.00$105.001:2Aug 28-$0.12$4.88
$115.00$110.001:2Sep 18-$0.14$4.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 3.58%, avg 1.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.600.471.2%3.58%4.80%2315.3K
$130.00Aug 28$3.450.471.2%2.69%3.90%2243
$130.00Sep 4$3.300.481.2%2.57%3.78%826
$129.00Aug 21$3.150.490.4%2.45%2.89%4238
$130.00Aug 21$2.930.451.2%2.28%3.50%905.6K
$129.00Aug 28$2.850.510.4%2.22%2.65%--21
$131.00Aug 28$2.820.442.0%2.20%4.19%11185
$131.00Sep 4$2.670.452.0%2.08%4.07%125
$135.00Sep 18$2.670.335.1%2.08%7.19%2.2K4.7K
$131.00Aug 21$2.440.412.0%1.90%3.89%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 7,520
Total Puts 2,215
Put/Call Ratio 0.29
Net Difference 5,305

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 86,365
Total Puts 47,998
Average Put/Call Ratio 0.46
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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