Tour v490
MRK
MERCK & CO. INC.
$128.49 +0.56%
(8/4 10:35) ◀
|
Tuesday, August 4, 2026 (11:00am)
January 2026
|
▶ (8/4 12:00)
◀ 8/4 11:00 ▶

Option Volume

Detail
ℹ
Current (08/04 11:00am) 10,587
Calls: 8,146 (77%)
Puts: 2,441 (23%)
Prior --
Calls: 19,114 (51%)
Puts: 18,028 (49%)
Current vs Prior +0.00%
Calls: -57.38% (Calls)
Puts: -86.46% (Puts)
Prior 7-Day Total 139,564
Calls: 89,364 (64%)
Puts: 50,200 (36%)
Prior 7-Day Average 19,937
Calls: 12,766 (64%)
Puts: 7,171 (36%)
Current vs Prior 7-Day Avg -46.90%
Calls: -36.19%
Puts: -65.96%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 11:00am) $2.10M
Calls: $1.72M (82%)
Puts: $387.2K (18%)
Prior --
Calls: $4.76M (59%)
Puts: $3.33M (41%)
Current vs Prior +0.00%
Calls: -63.91%
Puts: -88.36%
Prior 7-Day Total $31.20M
Calls: $18.94M (61%)
Puts: $12.26M (39%)
Prior 7-Day Average $4.46M
Calls: $2.71M (61%)
Puts: $1.75M (39%)
Current vs Prior 7-Day Avg -52.78%
Calls: -36.53%
Puts: -77.89%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 11:00am) 0.30
Prior 1.00
Current vs Prior -70.03%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg -38.61%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 11:00am) 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 3.35% | 4.44%6.39% | 10.72%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -36.28% | -29.14%-9.31% | -5.60%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -14.47% | -19.83%-9.31% | -5.60%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -36.28% | -29.14%-8.58% | -7.91%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 38.23% | 33.58%
Calls: 41.09% | 12.31%
Puts: 35.37% | 54.85%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +219.65% | +215.60%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg +5.49% | +200.36%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($1.72M) vs puts ($387.2K). Extreme bullish P/C ratio of 0.30 - heavy call buying (8,146 calls vs 2,441 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
11:00BULLISHBULLISHBULLISH
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 11 of results (avg 7.6%, best 4.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 187.357.70$7.534.6%220.613.0K
$130.00Sep 184.654.90$4.785.2%2330.475.3K
$130.00Aug 212.913.15$3.037.9%910.455.6K
$140.00Sep 181.461.59$1.538.5%960.2111.3K
$128.00Aug 284.404.80$4.608.7%260.5329
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 186.106.40$6.254.8%180.53829
$125.00Sep 183.754.00$3.886.4%540.391.7K
$130.00Aug 214.154.50$4.338.1%50.55544
$120.00Sep 182.112.33$2.229.9%720.263.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.84, cheapest $0.84)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 210.760.91$0.8417.9%230.163.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 87 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 78.5010.85$9.6824.3%--1.0024
$105.00Aug 2122.5525.10$23.8310.7%--1.0013
$110.00Aug 2117.5520.20$18.8814.0%--1.00704
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 75.407.85$6.6337.0%--0.9110

Most actively traded options today. High liquidity = easy entry/exit. 157 active (total vol 9.8K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 182.662.97$2.8211.0%2.2K0.334.7K
$145.00Sep 180.660.86$0.7626.3%1.4K0.121.4K
$132.00Aug 70.540.73$0.6429.7%1.3K0.23706
$130.00Aug 71.001.38$1.1931.9%4940.37225
$127.00Aug 72.213.10$2.6633.5%2970.62328
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.380.50$0.4427.3%6680.171.1K
$123.00Aug 211.282.10$1.6948.5%2260.27133
$128.00Aug 71.372.11$1.7442.5%1470.47372
$120.00Aug 70.050.16$0.11100.0%1100.05227
$122.00Aug 70.100.30$0.20100.0%950.09338

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 45.4%, max 189.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$142.00Aug 7Aug 2887.7%30.6%186.3%--56
$110.00Aug 14Sep 1873.5%33.1%122.4%12.6K
$150.00Aug 7Sep 1863.0%28.5%121.5%163.2K
$145.00Aug 7Sep 1859.1%29.3%102.0%1.5K2.0K
$141.00Aug 7Sep 453.3%30.7%73.7%12121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$113.00Aug 7Aug 2890.4%31.2%189.5%1525
$105.00Aug 7Sep 1879.9%33.9%135.9%113.9K
$110.00Aug 7Sep 1862.8%33.1%90.1%165.9K
$117.00Aug 7Aug 2849.2%27.9%76.2%7118
$115.00Aug 7Sep 1848.5%31.3%55.0%1092.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 122 found (best R:R 25.32, avg 3.42)

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
$136.00$137.00Aug 21$0.10$0.90$0.109.00$136.10
$141.00$144.00Sep 4$0.30$2.70$0.309.00$141.30
$139.00$140.00Aug 7$0.12$0.88$0.127.33$139.12
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$0.35$4.65$0.3513.29$109.65
$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. 156 found (best R:R 32.33, avg 2.20)

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
$139.00$135.00Aug 7$3.87$3.87$0.1329.77$135.13
$150.00$145.00Sep 18$4.66$4.66$0.3413.71$145.34
$135.00$133.00Aug 7$1.85$1.85$0.1512.33$133.15
$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

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 54 found (avg debit $0.61, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$150.00Aug 7Aug 21$0.0763.0%34.6%
$145.00Aug 7Aug 21$0.0859.1%30.5%
$143.00Aug 7Aug 21$0.1949.5%30.7%
$110.00Aug 14Aug 21$0.2073.5%37.5%
$140.00Aug 7Aug 14$0.2641.0%36.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.1062.8%37.5%
$129.00Aug 7Aug 14$0.1640.0%31.0%
$118.00Aug 7Aug 14$0.2141.8%34.9%
$119.00Aug 7Aug 14$0.3144.5%36.6%
$120.00Aug 7Aug 14$0.3543.0%35.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 78 found (cheapest 2.93% of stock, avg 7.59%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$2.02$1.74$3.76$124.24$131.762.93%
$129.00Aug 7$1.57$2.29$3.86$125.14$132.863.00%
$127.00Aug 7$2.66$1.23$3.89$123.11$130.893.03%
$130.00Aug 7$1.19$2.87$4.06$125.94$134.063.16%
$126.00Aug 7$3.21$0.89$4.10$121.90$130.103.19%
$131.00Aug 7$0.85$3.54$4.39$126.61$135.393.42%
$125.00Aug 7$4.05$0.63$4.68$120.32$129.683.64%
$129.00Aug 14$2.38$2.45$4.83$124.17$133.833.76%
$132.00Aug 7$0.64$4.30$4.94$127.06$136.943.84%
$124.00Aug 7$4.75$0.44$5.19$118.81$129.194.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 148 found (cheapest 0.72% of stock, avg 3.25%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$124.00Aug 7$0.48$0.44$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$0.64$0.44$1.08$122.92$133.08
$133.00$125.00Aug 7$0.48$0.63$1.11$123.89$134.11
$132.00$125.00Aug 7$0.64$0.63$1.27$123.73$133.27
$131.00$124.00Aug 7$0.85$0.44$1.29$122.71$132.29
$133.00$126.00Aug 7$0.48$0.89$1.37$124.63$134.37
$145.00$110.00Sep 18$0.76$0.63$1.39$108.61$146.39
$131.00$125.00Aug 7$0.85$0.63$1.48$123.52$132.48
$150.00$115.00Sep 18$0.33$1.18$1.51$113.49$151.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 169 found (best R:R 14.62, avg credit $1.41)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
105/110115/120Sep 18$4.68$0.3214.62$105.32$119.68
115/116121/123Aug 14$1.72$0.286.14$114.28$122.72
121/122126/127Aug 14$0.86$0.146.14$121.14$126.86
118/119121/123Aug 14$1.70$0.305.67$117.30$122.70
128/129130/131Sep 4$0.85$0.155.67$128.15$130.85
115/116126/127Aug 14$0.84$0.165.25$115.16$126.84
120/121126/127Aug 14$0.84$0.165.25$120.16$126.84
121/122124/125Aug 14$0.84$0.165.25$121.16$124.84
122/123126/127Aug 14$0.84$0.165.25$122.16$126.84
110/115120/125Sep 18$4.17$0.835.02$110.83$124.17

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 76 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
$131.00$132.00$133.00Aug 7$0.05$0.9519.00
$141.00$142.00$143.00Aug 21$0.06$0.9415.67
$130.00$131.00$132.00Aug 28$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$115.00Aug 21$0.13$4.8737.46
$105.00$110.00$115.00Sep 18$0.20$4.8024.00
$121.00$122.00$123.00Aug 7$0.06$0.9415.67
$123.00$124.00$125.00Aug 7$0.06$0.9415.67
$140.00$145.00$150.00Sep 18$0.32$4.6814.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 109 found (best net $-1.05, 91 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$120.001:2Aug 28-$1.05$8.95
$145.00$150.001:2Aug 21-$0.04$4.96
$135.00$140.001:2Sep 18-$0.24$4.76
$130.00$135.001:2Sep 18-$0.86$4.14
$125.00$130.001:2Sep 18-$2.03$2.97
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.71$8.29
$115.00$110.001:2Sep 18-$0.08$4.92
$110.00$105.001:2Aug 28-$0.12$4.88
$120.00$115.001:2Sep 18-$0.14$4.86
$125.00$120.001:2Sep 18-$0.56$4.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 3.62%, avg 1.12%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.650.471.2%3.62%4.79%2335.3K
$129.00Sep 11$4.150.510.4%3.23%3.63%1--
$130.00Aug 28$3.500.461.2%2.72%3.90%4243
$130.00Sep 4$3.300.471.2%2.57%3.74%826
$129.00Aug 21$3.100.490.4%2.41%2.81%5238
$131.00Aug 28$3.050.421.9%2.37%4.33%11185
$130.00Aug 21$2.910.451.2%2.26%3.44%915.6K
$129.00Aug 28$2.850.490.4%2.22%2.61%--21
$131.00Sep 4$2.670.441.9%2.08%4.03%125
$135.00Sep 18$2.660.335.1%2.07%7.14%2.2K4.7K

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 8,146
Total Puts 2,441
Put/Call Ratio 0.30
Net Difference 5,705

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 89,364
Total Puts 50,200
Average Put/Call Ratio 0.49
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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