Tour v490
MRK
MERCK & CO. INC.
$128.85 +0.85%
(8/4 14:00) ◀
|
Tuesday, August 4, 2026 (2:05pm)
January 2026
|
▶ (8/4 15:00)
◀ 8/4 14:07 ▶

Option Volume

Detail
ℹ
Current (08/04 2:05pm) 30,175
Calls: 23,896 (79%)
Puts: 6,279 (21%)
Prior (04/30) 40,221
Calls: 27,409 (68%)
Puts: 12,812 (32%)
Current vs Prior -24.98%
Calls: -12.82% (Calls)
Puts: -50.99% (Puts)
Prior 7-Day Total 186,203
Calls: 125,779 (68%)
Puts: 60,424 (32%)
Prior 7-Day Average 26,600
Calls: 17,968 (68%)
Puts: 8,632 (32%)
Current vs Prior 7-Day Avg +13.44%
Calls: +32.99%
Puts: -27.26%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 2:05pm) $5.67M
Calls: $4.08M (72%)
Puts: $1.59M (28%)
Prior (04/30) $8.06M
Calls: $3.57M (44%)
Puts: $4.49M (56%)
Current vs Prior -29.60%
Calls: +14.48%
Puts: -64.64%
Prior 7-Day Total $41.38M
Calls: $25.23M (61%)
Puts: $16.15M (39%)
Prior 7-Day Average $5.91M
Calls: $3.60M (61%)
Puts: $2.31M (39%)
Current vs Prior 7-Day Avg -4.06%
Calls: +13.30%
Puts: -31.20%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 2:05pm) 0.26
Prior (04/30) 0.47
Current vs Prior -43.79%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg -46.88%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04 2:05pm) 441,220
Calls: 241,760 (55%)
Puts: 199,460 (45%)
Prior (04/30) 494,293
Calls: 265,139 (54%)
Puts: 229,154 (46%)
Current vs Prior -10.74%
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 3.01% | 4.58%5.80% | 10.59%
Prior 5.26% | 6.26%7.05% | 11.36%
Current vs Prior -42.80% | -26.86%-17.71% | -6.75%
Prior 7-Day Avg 3.92% | 5.53%7.05% | 11.36%
Current vs 7-Day Avg -23.22% | -17.25%-17.71% | -6.75%
Prior 7-Day Eod 5.26% | 6.26%6.99% | 11.65%
Current vs 7-Day Eod -42.80% | -26.86%-17.05% | -9.03%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 24.92% | 25.65%
Calls: 21.97% | 11.59%
Puts: 27.88% | 39.70%
Prior 11.96% | 10.64%
Calls: 10.20% | 11.03%
Puts: 13.72% | 10.26%
Current vs Prior +108.36% | +141.07%
Prior 7-Day Avg 36.24% | 11.18%
Calls: 30.14% | 11.23%
Puts: 42.34% | 11.14%
Current vs 7-Day Avg -31.24% | +129.43%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 72% call dollar volume ($4.08M). Extreme bullish P/C ratio of 0.26 - heavy call buying (23,896 calls vs 6,279 puts). P/C ratio dropping 44% - 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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
14:05BULLISHBULLISHBULLISH
14:00BULLISHBULLISHBULLISH
13:00BULLISHBULLISHBULLISH
12:00BULLISHBULLISHBULLISH
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 22 of results (avg 7.3%, best 4.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 184.805.00$4.904.1%2930.475.3K
$125.00Sep 187.457.85$7.655.2%370.623.0K
$130.00Aug 212.983.15$3.075.5%2450.475.6K
$110.00Sep 1818.8019.95$19.385.9%30.942.6K
$115.00Aug 2113.7014.60$14.156.4%--0.93332
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 185.856.15$6.005.0%390.52829
$125.00Sep 183.553.75$3.655.5%620.381.7K
$120.00Sep 181.972.11$2.046.9%970.243.7K
$145.00Sep 1816.3517.90$17.139.0%--0.8711
$150.00Sep 1820.5522.55$21.559.3%--0.9210

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.85, cheapest $0.70)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Sep 180.750.84$0.8011.2%12.3K0.131.4K
$137.00Aug 210.840.98$0.9115.4%20.20216
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 210.640.75$0.7015.7%400.143.5K
$121.00Aug 210.770.94$0.8619.8%3340.17125
$127.00Aug 70.861.05$0.9619.8%5150.32250

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 92 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Sep 1823.2025.50$24.359.4%--1.001.1K
$108.00Aug 720.2521.75$21.007.1%11.00--
$114.00Aug 714.1015.85$14.9811.7%--0.9912
$105.00Aug 2122.8525.05$23.959.2%--0.9913
$118.00Aug 710.3011.90$11.1014.4%10.982
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Aug 719.9022.40$21.1511.8%21.001
$139.00Aug 78.9511.15$10.0521.9%--0.9613
$145.00Aug 2115.1517.05$16.1011.8%--0.9516
$150.00Sep 1820.5522.55$21.559.3%--0.9210
$142.00Aug 2112.2014.15$13.1814.8%--0.9210

Most actively traded options today. High liquidity = easy entry/exit. 198 active (total vol 26.0K, top 12.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Sep 180.750.84$0.8011.2%12.3K0.131.4K
$135.00Sep 182.782.99$2.897.3%2.5K0.344.7K
$135.00Aug 211.281.41$1.359.6%1.6K0.264.8K
$132.00Aug 70.440.73$0.5949.2%1.4K0.24706
$130.00Aug 71.091.39$1.2424.2%5630.41225
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$124.00Aug 70.240.42$0.3354.5%7520.141.1K
$127.00Aug 70.861.05$0.9619.8%5150.32250
$121.00Aug 210.770.94$0.8619.8%3340.17125
$105.00Sep 180.220.33$0.2839.3%2300.043.8K
$123.00Aug 211.071.91$1.4956.4%2270.25133

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 57 strikes (avg 48.6%, max 173.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$142.00Aug 7Aug 2885.7%31.4%173.0%556
$110.00Aug 14Sep 1876.6%31.6%142.0%42.6K
$150.00Aug 7Sep 1862.0%29.6%109.5%273.2K
$145.00Aug 7Sep 1857.6%29.2%97.6%12.4K2.0K
$141.00Aug 7Sep 451.6%27.6%86.6%12121
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Aug 7Sep 1883.8%34.2%144.9%2323.9K
$113.00Aug 7Aug 2875.4%34.2%120.2%1725
$150.00Aug 7Sep 1862.0%29.6%109.5%211
$110.00Aug 7Sep 1866.0%31.6%108.5%165.9K
$116.00Aug 7Aug 2858.5%33.8%72.9%38851

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 136 found (best R:R 26.78, avg 3.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$142.00$145.00Aug 28$0.11$2.89$0.1126.27$142.11
$145.00$150.00Aug 28$0.26$4.74$0.2618.23$145.26
$145.00$150.00Sep 18$0.38$4.62$0.3812.16$145.38
$134.00$135.00Aug 7$0.11$0.89$0.118.09$134.11
$139.00$140.00Aug 21$0.11$0.89$0.118.09$139.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$110.00Aug 21$0.18$4.82$0.1826.78$114.82
$110.00$105.00Sep 18$0.22$4.78$0.2221.73$109.78
$110.00$105.00Aug 28$0.43$4.57$0.4310.63$109.57
$122.00$121.00Aug 7$0.10$0.90$0.109.00$121.90
$115.00$110.00Sep 18$0.51$4.49$0.518.80$114.49

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 175 found (best R:R 32.33, avg 1.81)

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$4.83$4.83$0.1728.41$114.83
$120.00$122.00Aug 28$1.82$1.82$0.1810.11$121.82
$110.00$120.00Aug 28$9.06$9.06$0.949.64$119.06
$115.00$120.00Aug 14$4.40$4.40$0.607.33$119.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$135.00Aug 7$3.77$3.77$0.2316.39$135.23
$145.00$140.00Sep 18$4.48$4.48$0.528.62$140.52
$150.00$145.00Sep 18$4.42$4.42$0.587.62$145.58
$142.00$140.00Aug 21$1.63$1.63$0.374.41$140.37
$135.00$134.00Aug 21$0.80$0.80$0.204.00$134.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 56 found (avg debit $0.69, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$150.00Aug 7Aug 21$0.0762.0%34.3%
$110.00Aug 14Aug 21$0.1076.6%40.6%
$143.00Aug 7Aug 21$0.1852.8%30.2%
$145.00Aug 7Aug 14$0.1957.6%42.9%
$115.00Aug 14Aug 21$0.2052.1%36.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Aug 7Aug 21$0.1366.0%40.6%
$113.00Aug 7Aug 28$0.2275.4%34.2%
$118.00Aug 7Aug 14$0.2349.0%38.9%
$120.00Aug 7Aug 14$0.2946.6%36.6%
$117.00Aug 7Aug 21$0.3052.9%33.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 83 found (cheapest 2.59% of stock, avg 7.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Aug 7$1.69$1.65$3.34$125.66$132.342.59%
$130.00Aug 7$1.24$2.16$3.40$126.60$133.402.64%
$128.00Aug 7$2.23$1.34$3.57$124.43$131.572.77%
$127.00Aug 7$2.73$0.96$3.69$123.31$130.692.86%
$131.00Aug 7$0.90$2.91$3.81$127.19$134.812.96%
$132.00Aug 7$0.59$3.60$4.19$127.81$136.193.25%
$126.00Aug 7$3.58$0.66$4.24$121.76$130.243.29%
$125.00Aug 7$4.18$0.45$4.63$120.37$129.633.59%
$133.00Aug 7$0.49$4.35$4.84$128.16$137.843.76%
$124.00Aug 7$5.05$0.33$5.38$118.62$129.384.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.61% of stock, avg 3.53%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$134.00$125.00Aug 7$0.33$0.45$0.78$124.22$134.78
$150.00$110.00Sep 18$0.42$0.50$0.92$109.08$150.92
$133.00$125.00Aug 7$0.49$0.45$0.94$124.06$133.94
$134.00$126.00Aug 7$0.33$0.66$0.99$125.01$134.99
$132.00$125.00Aug 7$0.59$0.45$1.04$123.96$133.04
$133.00$126.00Aug 7$0.49$0.66$1.15$124.85$134.15
$132.00$126.00Aug 7$0.59$0.66$1.25$124.75$133.25
$134.00$127.00Aug 7$0.33$0.96$1.29$125.71$135.29
$145.00$110.00Sep 18$0.80$0.50$1.30$108.70$146.30
$131.00$125.00Aug 7$0.90$0.45$1.35$123.65$132.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 196 found (best R:R 9.00, avg credit $1.37)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
122/123125/127Sep 11$1.80$0.209.00$121.20$126.80
119/120126/127Aug 21$0.89$0.118.09$119.11$126.89
115/116127/128Aug 28$0.89$0.118.09$115.11$127.89
120/121128/129Aug 28$0.89$0.118.09$120.11$128.89
123/124126/127Aug 28$0.89$0.118.09$123.11$126.89
105/110115/120Sep 18$4.42$0.587.62$105.58$119.42
118/119125/126Aug 14$0.88$0.127.33$118.12$125.88
120/121123/124Aug 21$0.88$0.127.33$120.12$123.88
118/119128/129Aug 28$0.88$0.127.33$118.12$128.88
121/122132/133Sep 11$0.88$0.127.33$121.12$132.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 85 found (best R:R 54.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.14$4.8634.71
$130.00$131.00$132.00Aug 14$0.06$0.9415.67
$134.00$135.00$136.00Aug 21$0.06$0.9415.67
$134.00$135.00$136.00Aug 7$0.07$0.9313.29
$129.00$130.00$131.00Aug 14$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.09$4.9154.56
$130.00$135.00$140.00Sep 18$0.15$4.8532.33
$113.00$114.00$115.00Aug 7$0.05$0.9519.00
$105.00$110.00$115.00Sep 18$0.29$4.7116.24
$131.00$132.00$133.00Aug 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. 104 found (best net $-1.01, 92 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$120.001:2Aug 28-$1.01$8.99
$145.00$150.001:2Aug 21-$0.02$4.98
$140.00$145.001:2Sep 18-$0.04$4.96
$145.00$150.001:2Sep 18-$0.04$4.96
$140.00$145.001:2Aug 14-$0.19$4.81
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Aug 14-$1.72$8.28
$129.00$123.001:2Sep 11-$0.34$5.66
$110.00$105.001:2Sep 18-$0.06$4.94
$125.00$120.001:2Sep 18-$0.43$4.57
$130.00$125.001:2Sep 18-$1.30$3.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 3.73%, avg 1.21%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$4.800.470.9%3.73%4.62%2935.3K
$130.00Sep 11$4.050.480.9%3.14%4.04%91
$129.00Sep 11$4.000.500.1%3.10%3.22%1--
$130.00Aug 28$3.600.480.9%2.79%3.69%5243
$129.00Aug 21$3.250.510.1%2.52%2.64%5238
$130.00Sep 4$3.100.480.9%2.41%3.30%826
$131.00Sep 4$3.000.451.7%2.33%4.00%125
$130.00Aug 21$2.980.470.9%2.31%3.21%2455.6K
$132.00Sep 4$2.870.422.4%2.23%4.67%1428
$129.00Aug 28$2.850.510.1%2.21%2.33%--21

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 23,896
Total Puts 6,279
Put/Call Ratio 0.26
Net Difference 17,617

Prior's Put/Call Breakdown

Total Calls 27,409
Total Puts 12,812
Put/Call Ratio 0.47
Net Difference 14,597

Prior 7-Day Put/Call Summary

Total Calls 125,779
Total Puts 60,424
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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