NEW Tour v246
MRK
MERCK & CO. INC.
$128.50 -0.68%
$127.81 (-0.54%)🌙
as of 06/30 06:41 PM
6/30 18:41

Option Volume

Detail
Current (06/30) 15,113
Calls: 9,940 (66%)
Puts: 5,173 (34%)
Prior (06/29) 23,745
Calls: 17,884 (75%)
Puts: 5,861 (25%)
Current vs Prior -36.35%
Calls: -44.42% (Calls)
Puts: -11.74% (Puts)
Prior 7-Day Total 183,364
Calls: 140,717 (77%)
Puts: 42,647 (23%)
Prior 7-Day Average 26,194
Calls: 20,102 (77%)
Puts: 6,092 (23%)
Current vs Prior 7-Day Avg -42.31%
Calls: -50.55%
Puts: -15.09%
Sentiment BULLISH

Dollar Volume

Detail
Current (06/30) $8.20M
Calls: $6.60M (80%)
Puts: $1.60M (20%)
Prior (06/29) $8.53M
Calls: $7.45M (87%)
Puts: $1.08M (13%)
Current vs Prior -3.87%
Calls: -11.41%
Puts: +48.00%
Prior 7-Day Total $61.73M
Calls: $51.35M (83%)
Puts: $10.38M (17%)
Prior 7-Day Average $8.82M
Calls: $7.34M (83%)
Puts: $1.48M (17%)
Current vs Prior 7-Day Avg -6.97%
Calls: -10.03%
Puts: +8.17%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (06/30) 0.52
Prior (06/29) 0.33
Current vs Prior +58.80%
Prior 7-Day Average 0.35
Current vs Prior 7-Day Avg +49.47%
Sentiment BULLISH

Open Interest

Detail
Current (06/30) 266,880
Calls: 151,850 (57%)
Puts: 115,030 (43%)
Prior (06/29) 219,056
Calls: 133,264 (61%)
Puts: 85,792 (39%)
Current vs Prior +21.83%
Prior 7-Day Total 1,696,705
Calls: 953,711 (56%)
Puts: 742,994 (44%)
Prior 7-Day Average 242,386
Calls: 136,244 (56%)
Puts: 106,142 (44%)
Current vs Prior 7-Day Avg +10.11%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.88% | 6.33%3.88% | 6.33%6.33% | 11.29%
Prior 2.82% | 4.28%-- | ---- | --
Current vs Prior -19.45% | -9.49%-- | ---- | --
Prior 7-Day Avg 2.97% | 4.27%-- | ---- | --
Current vs 7-Day Avg -23.55% | -9.25%-- | ---- | --
Prior 7-Day Eod 2.82% | 4.28%-- | ---- | --
Current vs 7-Day Eod -19.45% | -9.49%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Prior 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 34.92% | 16.69%
Calls: 24.07% | 12.38%
Puts: 45.78% | 21.00%
Current vs 7-Day Avg -29.28% | -34.45%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 80% of dollar volume in calls ($6.60M) vs puts ($1.60M). Bullish P/C ratio of 0.52. P/C ratio rising 59% - increased hedging/bearish positioning. Rising open interest (up 22%) indicates new positions being established.

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 11 of results (avg 8.1%, best 5.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Jul 319.5010.05$9.785.6%50.83--
$130.00Jul 172.322.48$2.406.7%4310.436.0K
$125.00Jul 245.555.95$5.757.0%10.67--
$110.00Jul 1718.0519.65$18.858.5%1940.94929
$115.00Jul 1713.4514.65$14.058.5%250.932.8K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 173.653.90$3.786.6%480.57323

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.85, cheapest $0.81)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.850.94$0.9010.0%6450.214.4K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$122.00Jul 170.750.87$0.8114.8%280.19713

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 65 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 222.6524.75$23.708.9%21.00--
$106.00Jul 221.6523.80$22.739.5%21.00--
$107.00Jul 220.0522.80$21.4312.8%11.00--
$110.00Jul 217.6519.35$18.509.2%11.00--
$118.00Jul 29.7511.45$10.6016.0%101.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 176.308.10$7.2025.0%50.79--
$131.00Jul 21.833.40$2.6259.9%250.79--
$133.00Jul 104.555.90$5.2325.8%10.78--
$130.00Jul 21.842.56$2.2032.7%90.681
$135.00Aug 78.309.25$8.7810.8%20.67--

Most actively traded options today. High liquidity = easy entry/exit. 169 active (total vol 6.9K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 101.421.85$1.6426.2%1.2K0.401.4K
$135.00Jul 170.850.94$0.9010.0%6450.214.4K
$130.00Jul 172.322.48$2.406.7%4310.436.0K
$130.00Jul 20.540.88$0.7147.9%2870.32478
$110.00Jul 1718.0519.65$18.858.5%1940.94929
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$126.00Jul 171.781.97$1.8810.1%7090.3690
$123.00Jul 170.941.08$1.0113.9%3200.2247
$106.00Jul 100.010.12$0.07157.1%2800.0127
$120.00Jul 170.410.66$0.5446.3%1690.131.8K
$126.00Jul 20.280.45$0.3745.9%1380.21386

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 40 strikes (avg 65.5%, max 302.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$116.00Jul 2Jul 10140.9%35.0%302.1%10384
$105.00Jul 2Jul 17119.3%42.3%182.1%4413
$122.00Jul 2Jul 3148.1%24.7%94.7%205
$119.00Jul 2Jul 1053.9%29.9%80.0%6322
$121.00Jul 2Jul 3153.6%30.0%78.6%37238
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$115.00Jul 2Jul 3186.5%32.0%170.4%6--
$106.00Jul 2Jul 10145.3%55.0%164.1%28127
$112.00Jul 2Jul 31103.5%40.2%157.3%15--
$121.00Jul 2Jul 1753.6%25.3%111.9%81190
$110.00Jul 2Jul 3185.1%48.5%75.4%4--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 81 found (best R:R 75.92, avg 5.63)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$150.00Jul 17$0.13$9.87$0.1375.92$140.13
$140.00$150.00Jul 24$0.17$9.83$0.1757.82$140.17
$140.00$145.00Jul 31$0.27$4.73$0.2717.52$140.27
$140.00$145.00Aug 7$0.56$4.44$0.567.93$140.56
$128.00$129.00Jul 24$0.13$0.87$0.136.69$128.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$120.00$115.00Jul 31$0.25$4.75$0.2519.00$119.75
$115.00$112.00Jul 17$0.16$2.84$0.1617.75$114.84
$112.00$110.00Jul 2$0.11$1.89$0.1117.18$111.89
$120.00$118.00Aug 7$0.12$1.88$0.1215.67$119.88
$118.00$115.00Jul 17$0.21$2.79$0.2113.29$117.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 32.33, avg 1.97)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$110.00Jul 17$4.85$4.85$0.1532.33$109.85
$110.00$115.00Jul 17$4.80$4.80$0.2024.00$114.80
$110.00$120.00Jul 31$9.07$9.07$0.939.75$119.07
$112.00$120.00Jul 24$7.04$7.04$0.967.33$119.04
$121.00$122.00Jul 2$0.87$0.87$0.136.69$121.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$135.00$130.00Jul 17$3.42$3.42$1.582.16$131.58
$130.00$129.00Jul 2$0.66$0.66$0.341.94$129.34
$133.00$128.00Jul 10$3.25$3.25$1.751.86$129.75
$135.00$127.00Aug 7$4.56$4.56$3.441.33$130.44
$129.00$128.00Jul 2$0.48$0.48$0.520.92$128.52

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 37 found (avg debit $0.77, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$150.00Jul 17Jul 24$0.2533.5%38.1%
$140.00Jul 2Jul 10$0.2851.0%37.1%
$135.00Jul 2Jul 10$0.3337.9%26.7%
$110.00Jul 2Jul 17$0.3585.1%41.8%
$134.00Jul 2Jul 10$0.4842.2%28.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$118.00Jul 2Jul 10$0.0855.7%30.4%
$119.00Jul 2Jul 10$0.1153.9%29.9%
$110.00Jul 2Jul 17$0.1785.1%41.8%
$120.00Jul 2Jul 10$0.2348.8%31.1%
$123.00Jul 2Jul 10$0.2536.1%23.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 1.90% of stock, avg 7.13%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Jul 2$1.38$1.06$2.44$125.56$130.441.90%
$129.00Jul 2$1.00$1.54$2.54$126.46$131.541.98%
$127.00Jul 2$2.18$0.61$2.79$124.21$129.792.17%
$130.00Jul 2$0.71$2.20$2.91$127.09$132.912.26%
$131.00Jul 2$0.39$2.62$3.01$127.99$134.012.34%
$126.00Jul 2$2.91$0.37$3.28$122.72$129.282.55%
$125.00Jul 2$3.75$0.21$3.96$121.04$128.963.08%
$128.00Jul 10$2.55$1.98$4.53$123.47$132.533.53%
$124.00Jul 2$4.65$0.24$4.89$119.11$128.893.81%
$127.00Jul 10$3.36$1.65$5.01$121.99$132.013.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.30% of stock, avg 2.58%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$133.00$125.00Jul 2$0.17$0.21$0.38$124.62$133.38
$133.00$124.00Jul 2$0.17$0.24$0.41$123.59$133.41
$132.00$125.00Jul 2$0.25$0.21$0.46$124.54$132.46
$132.00$124.00Jul 2$0.25$0.24$0.49$123.51$132.49
$133.00$126.00Jul 2$0.17$0.37$0.54$125.46$133.54
$131.00$125.00Jul 2$0.39$0.21$0.60$124.40$131.60
$132.00$126.00Jul 2$0.25$0.37$0.62$125.38$132.62
$131.00$124.00Jul 2$0.39$0.24$0.63$123.37$131.63
$131.00$126.00Jul 2$0.39$0.37$0.76$125.24$131.76
$133.00$127.00Jul 2$0.17$0.61$0.78$126.22$133.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 148 found (best R:R 11.12, avg credit $1.55)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
107/110112/120Jul 24$7.34$0.6611.12$102.66$119.34
120/123124/126Jul 31$2.69$0.318.68$120.31$126.69
119/120125/126Jul 10$0.89$0.118.09$119.11$125.89
119/120121/123Jul 10$1.77$0.237.70$118.23$122.77
120/122123/125Jul 10$1.77$0.237.70$120.23$124.77
109/110121/123Jul 17$1.77$0.237.70$108.23$122.77
123/124126/127Jul 10$0.88$0.127.33$123.12$126.88
121/122125/126Jul 17$0.88$0.127.33$121.12$125.88
110/112116/118Jul 2$1.74$0.266.69$110.26$117.74
109/110123/125Jul 17$1.73$0.276.41$108.27$124.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 39 found (best R:R 30.25, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$135.00$140.00$145.00Jul 10$0.16$4.8430.25
$121.00$123.00$125.00Jul 10$0.09$1.9121.22
$124.00$125.00$126.00Jul 2$0.06$0.9415.67
$131.00$132.00$133.00Jul 2$0.06$0.9415.67
$127.00$128.00$129.00Jul 31$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$122.00$123.00$124.00Jul 17$0.05$0.9519.00
$125.00$126.00$127.00Jul 2$0.08$0.9211.50
$118.00$119.00$120.00Jul 10$0.08$0.9211.50
$124.00$125.00$126.00Jul 17$0.08$0.9211.50
$119.00$120.00$121.00Jul 2$0.09$0.9110.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 84 found (best net $-0.14, 68 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$150.001:2Jul 24-$0.14$9.86
$110.00$120.001:2Jul 31-$0.71$9.29
$112.00$120.001:2Jul 24-$2.44$5.56
$140.00$145.001:2Jul 31-$0.16$4.84
$135.00$140.001:2Jul 10-$0.22$4.78
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$125.00$120.001:2Aug 7-$0.03$4.97
$110.00$105.001:2Jul 31-$0.34$4.66
$135.00$130.001:2Jul 17-$0.36$4.64
$120.00$115.001:2Jul 31-$0.41$4.59
$109.00$105.001:2Jul 17-$0.01$3.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 32 found (best yield 3.15%, avg 1.22%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Aug 7$4.050.491.2%3.15%4.32%512
$129.00Aug 7$3.650.520.4%2.84%3.23%2--
$129.00Jul 31$3.400.490.4%2.65%3.04%612
$129.00Jul 24$3.150.480.4%2.45%2.84%1182
$130.00Jul 31$3.000.461.2%2.33%3.50%2--
$131.00Aug 7$2.950.451.9%2.30%4.24%1--
$133.00Aug 7$2.820.403.5%2.19%5.70%2--
$130.00Jul 24$2.570.441.2%2.00%3.17%7257
$134.00Aug 7$2.480.364.3%1.93%6.21%216
$130.00Jul 17$2.320.431.2%1.81%2.97%4316.0K

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 9,940
Total Puts 5,173
Put/Call Ratio 0.52
Net Difference 4,767

Prior's Put/Call Breakdown

Total Calls 17,884
Total Puts 5,861
Put/Call Ratio 0.33
Net Difference 12,023

Prior 7-Day Put/Call Summary

Total Calls 140,717
Total Puts 42,647
Average Put/Call Ratio 0.35
Ratio Trend Rising

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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