Tour v490
MRK
MERCK & CO. INC.
$128.54 +0.60%
(8/4 10:30) ◀
|
Tuesday, August 4, 2026 (10:35am)
January 2026
|
▶ (8/4 11:00)
◀ 8/4 10:35 ▶

Option Volume

Detail
ℹ
Current (08/04 10:35am) 9,909
Calls: 7,663 (77%)
Puts: 2,246 (23%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -59.91% (Calls)
Puts: -87.54% (Puts)
Prior 7-Day Total 138,430
Calls: 88,821 (64%)
Puts: 49,609 (36%)
Prior 7-Day Average 19,775
Calls: 12,688 (64%)
Puts: 7,087 (36%)
Current vs Prior 7-Day Avg -49.89%
Calls: -39.61%
Puts: -68.31%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 10:35am) $1.90M
Calls: $1.64M (86%)
Puts: $256.1K (14%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -65.55%
Puts: -92.30%
Prior 7-Day Total $30.83M
Calls: $18.61M (60%)
Puts: $12.22M (40%)
Prior 7-Day Average $4.40M
Calls: $2.66M (60%)
Puts: $1.75M (40%)
Current vs Prior 7-Day Avg -56.97%
Calls: -38.36%
Puts: -85.33%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 10:35am) 0.29
Prior 1.00
Current vs Prior -70.69%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg -38.87%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 10:35am) 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 3.49% | 5.06%6.25% | 10.68%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -33.65% | -19.23%-11.33% | -5.98%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -10.93% | -8.62%-11.33% | -5.98%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -33.65% | -19.23%-10.62% | -8.28%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 20.95% | 52.90%
Calls: 20.51% | 15.80%
Puts: 21.40% | 90.00%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +75.17% | +397.18%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -42.19% | +373.17%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.64M) vs puts ($256.1K). Extreme bullish P/C ratio of 0.29 - heavy call buying (7,663 calls vs 2,246 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
10:35BULLISHBULLISHBULLISH
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 5.8%, best 3.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 187.357.60$7.483.3%210.613.0K
$140.00Sep 181.491.57$1.535.2%850.2111.3K
$130.00Sep 184.654.90$4.785.2%2320.465.3K
$135.00Sep 182.742.94$2.847.0%2.2K0.334.7K
$130.00Aug 212.963.25$3.119.3%900.475.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 182.072.15$2.113.8%680.253.7K
$130.00Sep 186.106.40$6.254.8%180.53829
$125.00Sep 183.703.90$3.805.3%520.391.7K
$130.00Aug 214.204.45$4.335.8%30.54544
$115.00Sep 181.051.14$1.108.2%330.152.3K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.83, cheapest $0.83)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 210.750.90$0.8318.1%140.163.5K

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 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
$145.00Aug 2115.2017.65$16.4214.9%--1.0016
$142.00Aug 2112.6014.90$13.7516.7%--0.9510
$139.00Aug 79.2011.80$10.5024.8%--0.9413
$150.00Sep 1820.6023.25$21.9312.1%--0.9310
$135.00Aug 75.307.75$6.5337.5%--0.9010

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

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.742.94$2.847.0%2.2K0.334.7K
$145.00Sep 180.640.87$0.7630.3%1.4K0.121.4K
$132.00Aug 70.600.78$0.6926.1%1.2K0.25706
$130.00Aug 71.101.56$1.3334.6%4890.40225
$127.00Aug 72.453.30$2.8829.5%2770.63328
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.330.59$0.4656.5%6570.171.1K
$123.00Aug 211.282.10$1.6948.5%2250.27133
$128.00Aug 71.451.80$1.6321.5%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 387.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18138.8%28.5%387.4%93.2K
$142.00Aug 7Aug 2885.6%29.9%186.4%--56
$145.00Aug 7Sep 1857.6%29.2%96.9%1.5K2.0K
$141.00Aug 7Sep 451.8%29.9%73.0%12121
$115.00Aug 14Sep 1850.3%30.4%65.1%12.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 18112.5%32.8%242.5%73.9K
$113.00Aug 7Aug 2891.7%31.8%188.3%1525
$110.00Aug 7Sep 1886.3%33.0%161.3%165.9K
$117.00Aug 7Aug 2850.4%28.6%76.1%7118
$115.00Aug 7Sep 1849.5%30.4%62.6%892.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 120 found (best R:R 25.32, avg 3.61)

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
$135.00$136.00Aug 28$0.10$0.90$0.109.00$135.10
$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
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$0.39$4.61$0.3911.82$109.61
$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 2.02)

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
$145.00$142.00Aug 21$2.67$2.67$0.338.09$142.33
$135.00$133.00Aug 7$1.75$1.75$0.257.00$133.25
$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 $0.71, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Aug 7Aug 21$0.0857.6%29.8%
$143.00Aug 7Aug 21$0.1948.2%29.9%
$140.00Aug 7Aug 14$0.2240.8%34.4%
$121.00Aug 7Aug 14$0.2845.5%36.8%
$114.00Aug 7Aug 14$0.3054.5%69.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$132.00Aug 7Aug 14$0.3239.4%36.9%
$120.00Aug 7Aug 14$0.3544.5%36.3%
$115.00Aug 7Aug 14$0.4149.5%50.3%
$117.00Aug 7Aug 21$0.4250.4%35.3%
$124.00Aug 7Aug 14$0.4341.4%30.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 3.08% of stock, avg 7.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.81$2.15$3.96$125.04$132.963.08%
$128.00Aug 7$2.34$1.63$3.97$124.03$131.973.09%
$130.00Aug 7$1.33$2.85$4.18$125.82$134.183.25%
$131.00Aug 7$1.01$3.26$4.27$126.73$135.273.32%
$127.00Aug 7$2.88$1.40$4.28$122.72$131.283.33%
$126.00Aug 7$3.29$1.02$4.31$121.69$130.313.35%
$132.00Aug 7$0.69$4.28$4.97$127.03$136.973.87%
$125.00Aug 7$4.45$0.71$5.16$119.84$130.164.01%
$133.00Aug 7$0.51$4.78$5.29$127.71$138.294.12%
$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. 147 found (cheapest 0.75% of stock, avg 3.47%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$124.00Aug 7$0.51$0.46$0.97$123.03$133.97
$150.00$110.00Sep 18$0.33$0.63$0.96$109.04$150.96
$132.00$124.00Aug 7$0.69$0.46$1.15$122.85$133.15
$133.00$125.00Aug 7$0.51$0.71$1.22$123.78$134.22
$145.00$110.00Sep 18$0.76$0.63$1.39$108.61$146.39
$132.00$125.00Aug 7$0.69$0.71$1.40$123.60$133.40
$150.00$115.00Sep 18$0.33$1.10$1.43$113.57$151.43
$131.00$124.00Aug 7$1.01$0.46$1.47$122.53$132.47
$133.00$126.00Aug 7$0.51$1.02$1.53$124.47$134.53
$132.00$126.00Aug 7$0.69$1.02$1.71$124.29$133.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 173 found (best R:R 10.11, avg credit $1.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Aug 21$1.82$0.1810.11$115.18$119.82
125/126128/129Aug 14$0.89$0.118.09$125.11$128.89
117/118123/124Aug 21$0.89$0.118.09$117.11$123.89
119/120128/129Aug 28$0.89$0.118.09$119.11$128.89
105/110115/120Sep 18$4.42$0.587.62$105.58$119.42
113/114131/132Aug 28$0.88$0.127.33$113.12$131.88
121/122131/132Aug 28$0.87$0.136.69$121.13$131.87
120/121131/132Aug 28$0.86$0.146.14$120.14$131.86
129/130133/134Aug 28$0.86$0.146.14$129.14$133.86
128/129131/132Sep 4$0.86$0.146.14$128.14$131.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 84 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
$133.00$134.00$135.00Aug 7$0.05$0.9519.00
$120.00$121.00$122.00Aug 7$0.06$0.9415.67
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$140.00$145.00$150.00Sep 18$0.34$4.6613.71
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Sep 18$0.08$4.9261.50
$105.00$110.00$115.00Aug 21$0.13$4.8737.46
$119.00$120.00$121.00Aug 7$0.05$0.9519.00
$130.00$131.00$132.00Aug 21$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. 105 found (best net $-1.71, 88 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.04$4.96
$135.00$140.001:2Sep 18-$0.22$4.78
$130.00$135.001:2Sep 18-$0.90$4.10
$125.00$130.001:2Sep 18-$2.08$2.92
$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-$0.09$4.91
$110.00$105.001:2Aug 28-$0.12$4.88
$115.00$110.001:2Sep 18-$0.16$4.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 3.62%, avg 1.11%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.650.461.1%3.62%4.75%2325.3K
$130.00Aug 28$3.550.471.1%2.76%3.90%2243
$130.00Sep 4$3.300.481.1%2.57%3.70%826
$129.00Aug 21$3.250.510.4%2.53%2.89%4238
$131.00Aug 28$3.100.441.9%2.41%4.33%11185
$130.00Aug 21$2.960.471.1%2.30%3.44%905.6K
$129.00Aug 28$2.850.510.4%2.22%2.58%--21
$135.00Sep 18$2.740.335.0%2.13%7.16%2.2K4.7K
$131.00Sep 4$2.670.451.9%2.08%3.99%125
$131.00Aug 21$2.530.421.9%1.97%3.88%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 7,663
Total Puts 2,246
Put/Call Ratio 0.29
Net Difference 5,417

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 88,821
Total Puts 49,609
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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