Tour v492
MRK
MERCK & CO. INC.
$128.37 +0.03%
$128.54 (+0.13%)🌙
as of 08/06 06:57 PM
(8/5 19:00) ◀
|
Thursday, August 6, 2026 (6:57pm)
January 2026
|
▶
◀ 8/6 18:57

Option Volume

Detail
ℹ
Current (08/06) 41,241
Calls: 32,238 (78%)
Puts: 9,003 (22%)
Prior (08/05) 15,300
Calls: 10,235 (67%)
Puts: 5,065 (33%)
Current vs Prior +169.55%
Calls: +214.98% (Calls)
Puts: +77.75% (Puts)
Prior 7-Day Total 145,379
Calls: 90,923 (63%)
Puts: 54,456 (37%)
Prior 7-Day Average 20,768
Calls: 12,989 (63%)
Puts: 7,779 (37%)
Current vs Prior 7-Day Avg +98.58%
Calls: +148.19%
Puts: +15.73%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06) $5.65M
Calls: $4.02M (71%)
Puts: $1.63M (29%)
Prior (08/05) $3.92M
Calls: $2.52M (64%)
Puts: $1.40M (36%)
Current vs Prior +44.28%
Calls: +59.47%
Puts: +16.92%
Prior 7-Day Total $39.14M
Calls: $24.29M (62%)
Puts: $14.85M (38%)
Prior 7-Day Average $5.59M
Calls: $3.47M (62%)
Puts: $2.12M (38%)
Current vs Prior 7-Day Avg +1.06%
Calls: +15.73%
Puts: -22.95%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06) 0.28
Prior (08/05) 0.49
Current vs Prior -43.57%
Prior 7-Day Average 0.72
Current vs Prior 7-Day Avg -61.06%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06) 281,111
Calls: 163,832 (58%)
Puts: 117,279 (42%)
Prior (08/05) 264,899
Calls: 158,891 (60%)
Puts: 106,008 (40%)
Current vs Prior +6.12%
Prior 7-Day Total 2,147,386
Calls: 1,240,457 (58%)
Puts: 906,929 (42%)
Prior 7-Day Average 306,769
Calls: 177,208 (58%)
Puts: 129,561 (42%)
Current vs Prior 7-Day Avg -8.36%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.09% | 3.90%4.88% | 9.89%
Prior 2.77% | 5.11%5.36% | 10.19%
Current vs Prior -24.74% | -23.65%-8.90% | -2.94%
Prior 7-Day Avg 3.34% | 5.54%6.58% | 11.03%
Current vs 7-Day Avg -37.42% | -29.50%-25.73% | -10.33%
Prior 7-Day Eod 2.77% | 5.11%5.36% | 10.19%
Current vs 7-Day Eod -24.74% | -23.65%-8.90% | -2.94%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 32.39% | 16.25%
Calls: 35.53% | 17.57%
Puts: 29.25% | 14.93%
Prior 32.39% | 16.25%
Calls: 35.53% | 17.57%
Puts: 29.25% | 14.93%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 25.08% | 12.41%
Calls: 21.85% | 13.71%
Puts: 28.31% | 11.12%
Current vs 7-Day Avg +29.16% | +30.90%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($4.02M). Unusually high activity with volume up 170% vs prior - elevated interest. Volume explosion - 99% above 7-day average (41,241 vs avg 20,768). Extreme bullish P/C ratio of 0.28 - heavy call buying (32,238 calls vs 9,003 puts).

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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 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 7.8%, best 2.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Sep 1818.9019.40$19.152.6%80.952.6K
$125.00Sep 186.556.95$6.755.9%260.613.0K
$115.00Sep 1814.2015.15$14.686.5%70.882.1K
$120.00Aug 218.609.20$8.906.7%10.87969
$107.00Aug 720.6022.55$21.589.0%10.991
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 183.203.50$3.359.0%8040.391.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.56, cheapest $0.56)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Sep 180.520.61$0.5616.1%1190.1013.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 47 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$108.00Aug 719.5021.55$20.5310.0%11.001
$107.00Aug 720.6022.55$21.589.0%10.991
$119.00Aug 78.6010.45$9.5219.4%50.98--
$120.00Aug 77.509.35$8.4321.9%10.9713
$120.00Aug 148.159.25$8.7012.6%1.0K0.9713
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$131.00Aug 72.243.50$2.8743.9%190.7863
$133.00Aug 144.855.80$5.3217.9%10.77--
$132.00Aug 144.355.15$4.7516.8%180.7212
$130.00Aug 71.622.51$2.0743.0%70.70178
$131.00Aug 143.254.10$3.6823.1%350.6830

Most actively traded options today. High liquidity = easy entry/exit. 217 active (total vol 36.8K, top 23.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 70.010.03$0.02100.0%23.0K0.02851
$130.00Sep 183.854.40$4.1313.3%1.1K0.455.7K
$120.00Aug 148.159.25$8.7012.6%1.0K0.9713
$121.00Aug 147.158.45$7.8016.7%1.0K0.909
$130.00Sep 43.003.70$3.3520.9%5260.4635
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$116.00Aug 140.000.09$0.05180.0%1.0K0.02240
$125.00Sep 183.203.50$3.359.0%8040.391.6K
$115.00Aug 140.000.12$0.06200.0%6750.0231
$122.00Aug 210.650.87$0.7628.9%4610.18141
$120.00Sep 181.701.90$1.8011.1%4030.243.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 50 strikes (avg 118.5%, max 357.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Aug 7Sep 18117.0%25.6%357.4%133.2K
$145.00Aug 7Sep 1887.2%28.1%210.3%12413.2K
$141.00Aug 7Aug 2890.6%30.0%201.9%55--
$136.00Aug 7Sep 1183.7%29.2%186.5%30107
$137.00Aug 7Sep 1172.8%26.8%171.7%29276
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$114.00Aug 7Sep 11116.8%30.5%282.7%51
$117.00Aug 7Sep 4100.9%31.3%222.6%877
$115.00Aug 7Sep 1894.9%29.5%222.2%1712.7K
$116.00Aug 7Sep 1191.1%29.5%208.7%12883
$112.00Aug 7Aug 2898.5%32.3%204.7%8166

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 112 found (best R:R 49.00, avg 4.97)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$145.00$150.00Sep 4$0.17$4.83$0.1728.41$145.17
$136.00$139.00Aug 21$0.17$2.83$0.1716.65$136.17
$140.00$143.00Sep 4$0.21$2.79$0.2113.29$140.21
$145.00$150.00Sep 18$0.40$4.60$0.4011.50$145.40
$138.00$140.00Aug 28$0.21$1.79$0.218.52$138.21
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Sep 4$0.10$4.90$0.1049.00$109.90
$115.00$110.00Aug 21$0.19$4.81$0.1925.32$114.81
$118.00$115.00Aug 21$0.12$2.88$0.1224.00$117.88
$114.00$110.00Sep 4$0.19$3.81$0.1920.05$113.81
$110.00$105.00Sep 18$0.28$4.72$0.2816.86$109.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 128 found (best R:R 14.62, avg 1.25)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$115.00$120.00Aug 21$4.68$4.68$0.3214.62$119.68
$123.00$125.00Aug 21$1.85$1.85$0.1512.33$124.85
$115.00$120.00Sep 18$4.61$4.61$0.3911.82$119.61
$120.00$121.00Aug 14$0.90$0.90$0.109.00$120.90
$121.00$122.00Aug 14$0.90$0.90$0.109.00$121.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$131.00$130.00Aug 7$0.80$0.80$0.204.00$130.20
$128.00$127.00Aug 14$0.76$0.76$0.243.17$127.24
$130.00$128.00Sep 4$1.36$1.36$0.642.12$128.64
$129.00$128.00Aug 7$0.66$0.66$0.341.94$128.34
$130.00$129.00Aug 7$0.62$0.62$0.381.63$129.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 45 found (avg debit $0.59, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$146.00Aug 7Aug 14$0.08118.3%48.8%
$142.00Aug 7Aug 14$0.0973.7%38.7%
$145.00Aug 7Aug 14$0.1287.2%46.7%
$136.00Aug 7Aug 14$0.1783.7%35.0%
$140.00Aug 7Aug 14$0.1764.3%38.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$117.00Aug 7Aug 14$0.16100.9%41.4%
$113.00Aug 14Aug 28$0.1837.7%31.6%
$114.00Aug 7Aug 14$0.20116.8%51.3%
$120.00Aug 7Aug 14$0.2071.4%32.3%
$119.00Aug 7Aug 14$0.2475.9%36.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 43 found (cheapest 1.57% of stock, avg 5.99%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Aug 7$1.23$0.79$2.02$125.98$130.021.57%
$129.00Aug 7$0.83$1.45$2.28$126.72$131.281.78%
$127.00Aug 7$2.00$0.53$2.53$124.47$129.531.97%
$130.00Aug 7$0.54$2.07$2.61$127.39$132.612.03%
$126.00Aug 7$2.63$0.27$2.90$123.10$128.902.26%
$131.00Aug 7$0.43$2.87$3.30$127.70$134.302.57%
$125.00Aug 7$3.45$0.14$3.59$121.41$128.592.80%
$127.00Aug 14$2.91$1.64$4.55$122.45$131.553.54%
$129.00Aug 14$1.98$2.64$4.62$124.38$133.623.60%
$130.00Aug 14$1.55$3.13$4.68$125.32$134.683.65%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 166 found (cheapest 0.25% of stock, avg 2.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$132.00$124.00Aug 7$0.22$0.10$0.32$123.68$132.32
$136.00$124.00Aug 7$0.22$0.10$0.32$123.68$136.32
$132.00$125.00Aug 7$0.22$0.14$0.36$124.64$132.36
$136.00$125.00Aug 7$0.22$0.14$0.36$124.64$136.36
$132.00$126.00Aug 7$0.22$0.27$0.49$125.51$132.49
$136.00$126.00Aug 7$0.22$0.27$0.49$125.51$136.49
$131.00$124.00Aug 7$0.43$0.10$0.53$123.47$131.53
$131.00$125.00Aug 7$0.43$0.14$0.57$124.43$131.57
$130.00$124.00Aug 7$0.54$0.10$0.64$123.36$130.64
$130.00$125.00Aug 7$0.54$0.14$0.68$124.32$130.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 262 found (best R:R 44.45, avg credit $1.08)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
105/110115/120Sep 18$4.89$0.1144.45$105.11$119.89
123/125128/130Sep 11$1.84$0.1611.50$123.16$129.84
119/120125/126Aug 21$0.90$0.109.00$119.10$125.90
125/126128/129Aug 21$0.89$0.118.09$125.11$128.89
121/122127/128Aug 14$0.88$0.127.33$121.12$127.88
113/114126/127Aug 14$0.87$0.136.69$113.13$126.87
120/121126/127Aug 14$0.86$0.146.14$120.14$126.86
125/126128/129Aug 14$0.86$0.146.14$125.14$128.86
125/126129/130Aug 21$0.86$0.146.14$125.14$129.86
127/128131/132Aug 21$0.86$0.146.14$127.14$131.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 67 found (best R:R 32.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$140.00$145.00$150.00Sep 18$0.25$4.7519.00
$138.00$139.00$140.00Aug 14$0.06$0.9415.67
$137.00$138.00$139.00Aug 7$0.07$0.9313.29
$131.00$132.00$133.00Aug 21$0.07$0.9313.29
$131.00$132.00$133.00Aug 7$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$105.00$110.00$115.00Sep 18$0.19$4.8125.32
$129.00$130.00$131.00Aug 14$0.06$0.9415.67
$124.00$125.00$126.00Aug 28$0.06$0.9415.67
$115.00$116.00$117.00Aug 28$0.07$0.9313.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 138 found (best net $--, 121 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$140.001:2Sep 18$0.00$5.00
$145.00$150.001:2Sep 4-$0.04$4.96
$145.00$150.001:2Sep 11-$0.35$4.65
$130.00$135.001:2Sep 18-$0.71$4.29
$125.00$130.001:2Sep 18-$1.51$3.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$105.001:2Aug 21$0.00$5.00
$115.00$110.001:2Sep 18-$0.02$4.98
$112.00$107.001:2Aug 7-$0.03$4.97
$110.00$105.001:2Sep 4-$0.03$4.97
$110.00$105.001:2Sep 11-$0.10$4.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 3.00%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Sep 18$3.850.451.3%3.00%4.27%1.1K5.7K
$130.00Sep 11$3.450.461.3%2.69%3.96%112
$130.00Sep 4$3.000.461.3%2.34%3.61%52635
$129.00Aug 28$2.800.480.5%2.18%2.67%224
$132.00Sep 11$2.580.402.8%2.01%4.84%1--
$129.00Aug 21$2.410.470.5%1.88%2.37%5241
$131.00Sep 4$2.410.412.0%1.88%3.93%4--
$132.00Sep 4$2.200.382.8%1.71%4.54%1--
$135.00Sep 18$2.140.315.2%1.67%6.83%514.7K
$130.00Aug 21$2.020.421.3%1.57%2.84%355.5K

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 32,238
Total Puts 9,003
Put/Call Ratio 0.28
Net Difference 23,235

Prior's Put/Call Breakdown

Total Calls 10,235
Total Puts 5,065
Put/Call Ratio 0.49
Net Difference 5,170

Prior 7-Day Put/Call Summary

Total Calls 90,923
Total Puts 54,456
Average Put/Call Ratio 0.72
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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