Tour v490
MRK
MERCK & CO. INC.
$128.37 +0.47%
(8/4 10:25) ◀
|
Tuesday, August 4, 2026 (10:30am)
January 2026
|
▶ (8/4 10:35)
◀ 8/4 10:30 ▶

Option Volume

Detail
ℹ
Current (08/04 10:30am) 9,818
Calls: 7,587 (77%)
Puts: 2,231 (23%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -60.31% (Calls)
Puts: -87.62% (Puts)
Prior 7-Day Total 136,961
Calls: 88,103 (64%)
Puts: 48,858 (36%)
Prior 7-Day Average 19,565
Calls: 12,586 (64%)
Puts: 6,979 (36%)
Current vs Prior 7-Day Avg -49.82%
Calls: -39.72%
Puts: -68.04%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:30am) $1.85M
Calls: $1.59M (86%)
Puts: $255.1K (14%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -66.53%
Puts: -92.33%
Prior 7-Day Total $30.39M
Calls: $18.26M (60%)
Puts: $12.14M (40%)
Prior 7-Day Average $4.34M
Calls: $2.61M (60%)
Puts: $1.73M (40%)
Current vs Prior 7-Day Avg -57.45%
Calls: -38.95%
Puts: -85.28%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:30am) 0.29
Prior 1.00
Current vs Prior -70.59%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg -37.19%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:30am) 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% | 4.96%6.35% | 10.63%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -34.15% | -20.74%-9.89% | -6.40%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -11.61% | -10.32%-9.89% | -6.40%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -34.15% | -20.74%-9.16% | -8.69%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 24.39% | 56.94%
Calls: 30.97% | 23.88%
Puts: 17.81% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +103.93% | +435.15%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -32.70% | +409.30%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.59M) vs puts ($255.1K). Extreme bullish P/C ratio of 0.29 - heavy call buying (7,587 calls vs 2,231 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
10:30BULLISHBULLISHBULLISH
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 10 of results (avg 5.9%, best 3.4%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Sep 181.451.50$1.483.4%620.2011.3K
$125.00Sep 187.207.50$7.354.1%150.613.0K
$130.00Sep 184.504.75$4.635.4%2310.465.3K
$135.00Sep 182.692.85$2.775.8%2.2K0.324.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 186.156.45$6.304.8%180.54829
$125.00Sep 183.753.95$3.855.2%520.391.7K
$120.00Sep 182.112.23$2.175.5%610.263.7K
$129.00Aug 213.704.00$3.857.8%--0.5086
$130.00Aug 214.154.50$4.338.1%30.55544

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.82, cheapest $0.82)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 210.740.90$0.8219.5%140.163.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 82 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
$105.00Aug 2122.5525.10$23.8310.7%--0.9913
$118.00Aug 79.3011.90$10.6024.5%10.992
$110.00Aug 2117.5520.20$18.8814.0%--0.98704
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$139.00Aug 79.2011.80$10.5024.8%--0.9713
$145.00Aug 2115.2017.65$16.4214.9%--0.9616
$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%--0.9210

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 9.4K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.692.85$2.775.8%2.2K0.324.7K
$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 72.413.30$2.8631.1%2770.63328
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.330.59$0.4656.5%6570.171.1K
$123.00Aug 211.372.10$1.7442.0%2250.27133
$128.00Aug 71.431.80$1.6222.8%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 52.2%, max 322.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18121.2%28.7%322.7%93.2K
$142.00Aug 7Aug 2885.6%29.7%188.2%--56
$145.00Aug 7Sep 1857.6%29.5%95.4%1.5K2.0K
$141.00Aug 7Sep 451.8%30.1%71.9%12121
$115.00Aug 14Sep 1849.3%30.5%61.7%12.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18112.4%33.4%236.2%73.9K
$113.00Aug 7Aug 2891.6%32.0%186.7%1525
$110.00Aug 7Sep 1886.2%32.8%162.8%165.9K
$117.00Aug 7Aug 2850.3%28.8%74.9%7118
$115.00Aug 7Sep 1849.4%30.5%61.9%852.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 123 found (best R:R 25.32, avg 3.40)

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
$133.00$134.00Aug 7$0.11$0.89$0.118.09$133.11
$139.00$140.00Aug 7$0.11$0.89$0.118.09$139.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$110.00Aug 21$0.19$4.81$0.1925.32$114.81
$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$0.17$1.83$0.1710.76$116.83
$119.00$110.00Sep 4$0.81$8.19$0.8110.11$118.19

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 157 found (best R:R 32.33, avg 1.98)

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
$131.00$130.00Aug 21$0.87$0.87$0.136.69$130.13
$145.00$140.00Sep 18$4.34$4.34$0.666.58$140.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 53 found (avg debit $0.72, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Aug 7Aug 21$0.0857.6%30.4%
$143.00Aug 7Aug 21$0.1948.3%30.5%
$140.00Aug 7Aug 14$0.2240.8%35.4%
$121.00Aug 7Aug 14$0.2845.5%35.6%
$114.00Aug 7Aug 14$0.3054.5%68.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$132.00Aug 7Aug 14$0.3238.9%38.2%
$120.00Aug 7Aug 14$0.3544.5%35.2%
$115.00Aug 7Aug 14$0.4149.4%49.3%
$117.00Aug 7Aug 21$0.4250.3%34.6%
$124.00Aug 7Aug 14$0.4341.4%29.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 3.02% of stock, avg 7.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$2.26$1.62$3.88$124.12$131.883.02%
$129.00Aug 7$1.76$2.19$3.95$125.05$132.953.08%
$130.00Aug 7$1.32$2.87$4.19$125.81$134.193.26%
$127.00Aug 7$2.86$1.39$4.25$122.75$131.253.31%
$131.00Aug 7$0.97$3.31$4.28$126.72$135.283.33%
$126.00Aug 7$3.29$1.00$4.29$121.71$130.293.34%
$132.00Aug 7$0.68$4.28$4.96$127.04$136.963.86%
$125.00Aug 7$4.45$0.70$5.15$119.85$130.154.01%
$133.00Aug 7$0.47$4.78$5.25$127.75$138.254.09%
$124.00Aug 7$5.18$0.46$5.64$118.36$129.644.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 148 found (cheapest 0.72% of stock, avg 3.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$124.00Aug 7$0.47$0.46$0.93$123.07$133.93
$150.00$110.00Sep 18$0.33$0.63$0.96$109.04$150.96
$132.00$124.00Aug 7$0.68$0.46$1.14$122.86$133.14
$133.00$125.00Aug 7$0.47$0.70$1.17$123.83$134.17
$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
$131.00$124.00Aug 7$0.97$0.46$1.43$122.57$132.43
$150.00$115.00Sep 18$0.33$1.13$1.46$113.54$151.46
$133.00$126.00Aug 7$0.47$1.00$1.47$124.53$134.47
$131.00$125.00Aug 7$0.97$0.70$1.67$123.33$132.67

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 178 found (best R:R 10.11, avg credit $1.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Aug 21$1.82$0.1810.11$115.18$119.82
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
122/123124/125Aug 21$0.89$0.118.09$122.11$124.89
129/130133/134Aug 28$0.89$0.118.09$129.11$133.89
117/118125/126Aug 21$0.88$0.127.33$117.12$125.88
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. 83 found (best R:R 37.46, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$140.00$145.00$150.00Sep 18$0.29$4.7116.24
$128.00$129.00$130.00Aug 7$0.06$0.9415.67
$130.00$131.00$132.00Aug 7$0.06$0.9415.67
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.13$4.8737.46
$105.00$110.00$115.00Sep 18$0.14$4.8634.71
$119.00$120.00$121.00Aug 7$0.05$0.9519.00
$124.00$125.00$126.00Aug 7$0.06$0.9415.67
$126.00$127.00$128.00Aug 21$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. 104 found (best net $-1.71, 88 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.04$4.96
$140.00$145.001:2Sep 18-$0.04$4.96
$135.00$140.001:2Sep 18-$0.19$4.81
$130.00$135.001:2Sep 18-$0.91$4.09
$125.00$130.001:2Sep 18-$1.91$3.09
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-$0.09$4.91
$110.00$105.001:2Aug 28-$0.12$4.88
$115.00$110.001:2Sep 18-$0.13$4.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 3.51%, avg 1.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.500.461.3%3.51%4.78%2315.3K
$130.00Aug 28$3.450.471.3%2.69%3.96%2243
$130.00Sep 4$3.300.481.3%2.57%3.84%826
$129.00Aug 21$3.250.500.5%2.53%3.02%4238
$131.00Aug 28$3.000.442.0%2.34%4.39%11185
$130.00Aug 21$2.880.451.3%2.24%3.51%905.6K
$129.00Aug 28$2.850.510.5%2.22%2.71%--21
$135.00Sep 18$2.690.325.2%2.10%7.26%2.2K4.7K
$131.00Sep 4$2.670.442.0%2.08%4.13%125
$131.00Aug 21$2.470.412.0%1.92%3.97%2496

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 7,587
Total Puts 2,231
Put/Call Ratio 0.29
Net Difference 5,356

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 88,103
Total Puts 48,858
Average Put/Call Ratio 0.47
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All