NEW Tour v251
MRK
MERCK & CO. INC.
$125.37 -2.44%
$125.20 (-0.14%)🌙
as of 07/01 06:45 PM
(6/30 18:41) ◀
|
Wednesday, July 1, 2026 (6:45pm)
January 2026
|
▶ (7/2 18:43)
◀ 7/1 18:45 ▶

Option Volume

Detail
ℹ
Current (07/01) 9,330
Calls: 6,235 (67%)
Puts: 3,095 (33%)
Prior (06/30) 15,113
Calls: 9,940 (66%)
Puts: 5,173 (34%)
Current vs Prior -38.27%
Calls: -37.27% (Calls)
Puts: -40.17% (Puts)
Prior 7-Day Total 175,299
Calls: 134,937 (77%)
Puts: 40,362 (23%)
Prior 7-Day Average 25,042
Calls: 19,276 (77%)
Puts: 5,766 (23%)
Current vs Prior 7-Day Avg -62.74%
Calls: -67.66%
Puts: -46.32%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/01) $4.11M
Calls: $2.81M (68%)
Puts: $1.30M (32%)
Prior (06/30) $8.20M
Calls: $6.60M (80%)
Puts: $1.60M (20%)
Current vs Prior -49.86%
Calls: -57.42%
Puts: -18.76%
Prior 7-Day Total $63.63M
Calls: $53.48M (84%)
Puts: $10.14M (16%)
Prior 7-Day Average $9.09M
Calls: $7.64M (84%)
Puts: $1.45M (16%)
Current vs Prior 7-Day Avg -54.74%
Calls: -63.22%
Puts: -10.07%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/01) 0.50
Prior (06/30) 0.52
Current vs Prior -4.62%
Prior 7-Day Average 0.35
Current vs Prior 7-Day Avg +39.93%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/01) 252,606
Calls: 158,160 (63%)
Puts: 94,446 (37%)
Prior (06/30) 266,880
Calls: 151,850 (57%)
Puts: 115,030 (43%)
Current vs Prior -5.35%
Prior 7-Day Total 1,655,186
Calls: 946,468 (57%)
Puts: 708,718 (43%)
Prior 7-Day Average 236,455
Calls: 135,209 (57%)
Puts: 101,245 (43%)
Current vs Prior 7-Day Avg +6.83%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 4.02% | 4.76%4.02% | 4.76%4.76% | 11.19%
Prior 2.27% | 3.88%-- | ---- | --
Current vs Prior -10.14% | +3.73%-- | ---- | --
Prior 7-Day Avg 2.74% | 4.14%-- | ---- | --
Current vs 7-Day Avg -25.50% | -2.91%-- | ---- | --
Prior 7-Day Eod 2.27% | 3.88%-- | ---- | --
Current vs 7-Day Eod -10.14% | +3.73%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
ℹ
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 34.61% | 13.93%
Calls: 21.80% | 11.35%
Puts: 47.43% | 16.51%
Current vs 7-Day Avg -28.64% | -21.47%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($2.81M). Extreme bullish P/C ratio of 0.50 - heavy call buying (6,235 calls vs 3,095 puts). Call-heavy open interest (158,160 calls vs 94,446 puts) suggests bullish positioning.

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 3 of results (avg 9.6%, best 9.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 172.913.20$3.069.5%330.546.9K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$126.00Jul 172.773.05$2.919.6%540.52795
$123.00Jul 171.551.71$1.639.8%340.35347

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 62 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$107.00Jul 217.3520.35$18.8515.9%11.001
$110.00Jul 1014.1017.45$15.7721.2%10.99--
$105.00Jul 1719.4522.05$20.7512.5%120.99411
$119.00Jul 25.407.80$6.6036.4%20.97322
$110.00Jul 1714.4517.10$15.7816.8%40.96926
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 23.156.30$4.7266.7%11.005
$127.00Jul 21.412.71$2.0663.1%480.77784
$130.00Jul 175.105.85$5.4813.7%300.73--
$128.00Jul 102.964.20$3.5834.6%40.68--
$129.00Jul 314.956.00$5.4819.2%100.62--

Most actively traded options today. High liquidity = easy entry/exit. 164 active (total vol 4.4K, top 515)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.330.41$0.3721.6%5150.114.6K
$127.00Jul 20.200.40$0.3066.7%2890.24468
$130.00Jul 100.481.04$0.7673.7%2800.231.8K
$130.00Jul 171.021.19$1.1115.3%2760.275.9K
$134.00Aug 71.513.15$2.3370.4%2030.3017
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 20.531.04$0.7964.6%1180.42108
$110.00Jul 170.050.31$0.18144.4%1080.042.6K
$123.00Jul 20.100.44$0.27125.9%590.1871
$124.00Jul 20.240.56$0.4080.0%570.27111
$120.00Jul 170.670.91$0.7930.4%560.202.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 37 strikes (avg 154.6%, max 715.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 2Jul 17305.3%37.4%715.4%13411
$111.00Jul 2Jul 31234.1%37.9%517.2%3--
$110.00Jul 2Jul 31171.1%29.8%473.6%2--
$118.00Jul 2Jul 24109.5%24.2%352.1%715
$133.00Jul 2Jul 2489.6%28.3%216.2%25523
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$114.00Jul 2Jul 24198.3%31.9%521.6%163
$106.00Jul 2Jul 10293.4%56.5%418.8%954
$118.00Jul 2Jul 31109.5%23.8%360.0%4127
$120.00Jul 2Jul 3174.2%26.1%184.4%817
$119.00Jul 2Jul 3158.2%21.8%167.3%2722

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 40.67, avg 3.92)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$145.00Jul 31$0.12$4.88$0.1240.67$140.12
$135.00$140.00Jul 17$0.24$4.76$0.2419.83$135.24
$135.00$140.00Jul 31$0.34$4.66$0.3413.71$135.34
$129.00$130.00Jul 2$0.10$0.90$0.109.00$129.10
$127.00$128.00Jul 2$0.13$0.87$0.136.69$127.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Jul 17$0.15$4.85$0.1532.33$109.85
$115.00$110.00Jul 17$0.31$4.69$0.3115.13$114.69
$124.00$123.00Jul 2$0.13$0.87$0.136.69$123.87
$123.00$122.00Jul 2$0.17$0.83$0.174.88$122.83
$120.00$119.00Jul 2$0.21$0.79$0.213.76$119.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 96 found (best R:R 29.00, avg 1.92)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$115.00$118.00Jul 24$2.90$2.90$0.1029.00$117.90
$114.00$118.00Jul 2$3.80$3.80$0.2019.00$117.80
$120.00$123.00Jul 10$2.70$2.70$0.309.00$122.70
$123.00$124.00Jul 2$0.89$0.89$0.118.09$123.89
$111.00$115.00Jul 31$3.47$3.47$0.536.55$114.47
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$130.00$127.00Jul 2$2.66$2.66$0.347.82$127.34
$127.00$126.00Jul 2$0.75$0.75$0.253.00$126.25
$127.00$125.00Jul 31$1.40$1.40$0.602.33$125.60
$120.00$119.00Jul 31$0.66$0.66$0.341.94$119.34
$130.00$126.00Jul 17$2.57$2.57$1.431.80$127.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 38 found (avg debit $0.69, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$135.00Jul 2Jul 10$0.1071.3%28.6%
$105.00Jul 2Jul 17$0.15305.3%37.4%
$110.00Jul 2Jul 10$0.19171.1%36.7%
$133.00Jul 2Jul 10$0.2689.6%35.1%
$132.00Jul 2Jul 10$0.3251.4%28.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$120.00Jul 2Jul 10$0.1574.2%27.6%
$110.00Jul 10Jul 17$0.1536.7%37.6%
$121.00Jul 2Jul 10$0.2161.8%24.7%
$115.00Jul 10Jul 17$0.4031.1%34.8%
$116.00Jul 31Aug 7$0.5431.6%33.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 41 found (cheapest 1.50% of stock, avg 6.06%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$126.00Jul 2$0.57$1.31$1.88$124.12$127.881.50%
$125.00Jul 2$1.25$0.79$2.04$122.96$127.041.63%
$127.00Jul 2$0.30$2.06$2.36$124.64$129.361.88%
$124.00Jul 2$2.19$0.40$2.59$121.41$126.592.07%
$123.00Jul 2$3.08$0.27$3.35$119.65$126.352.67%
$122.00Jul 2$3.81$0.10$3.91$118.09$125.913.12%
$124.00Jul 10$2.88$1.45$4.33$119.67$128.333.45%
$125.00Jul 10$2.50$1.91$4.41$120.59$129.413.52%
$126.00Jul 10$1.93$2.54$4.47$121.53$130.473.57%
$127.00Jul 10$1.57$3.02$4.59$122.41$131.593.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 135 found (cheapest 0.32% of stock, avg 2.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$129.00$123.00Jul 2$0.13$0.27$0.40$122.60$129.40
$128.00$123.00Jul 2$0.17$0.27$0.44$122.56$128.44
$129.00$124.00Jul 2$0.13$0.40$0.53$123.47$129.53
$133.00$123.00Jul 2$0.27$0.27$0.54$122.46$133.54
$127.00$123.00Jul 2$0.30$0.27$0.57$122.43$127.57
$128.00$124.00Jul 2$0.17$0.40$0.57$123.43$128.57
$133.00$124.00Jul 2$0.27$0.40$0.67$123.33$133.67
$127.00$124.00Jul 2$0.30$0.40$0.70$123.30$127.70
$126.00$123.00Jul 2$0.57$0.27$0.84$122.16$126.84
$129.00$125.00Jul 2$0.13$0.79$0.92$124.08$129.92

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 91 found (best R:R 11.50, avg credit $1.47)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
119/120123/125Jul 31$1.84$0.1611.50$118.16$124.84
116/117125/127Aug 7$1.80$0.209.00$115.20$126.80
125/127128/129Jul 31$1.78$0.228.09$125.22$129.78
118/120122/125Jul 24$2.65$0.357.57$117.35$124.65
122/123125/126Jul 10$0.85$0.155.67$122.15$125.85
123/124126/127Jul 10$0.85$0.155.67$123.15$126.85
126/128131/132Jul 24$1.70$0.305.67$126.30$132.70
122/123125/126Jul 17$0.83$0.174.88$122.17$125.83
124/125126/127Jul 10$0.82$0.184.56$124.18$126.82
117/118125/126Jul 10$0.81$0.194.26$117.19$125.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 41 found (best R:R 30.25, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$135.00$140.00$145.00Jul 17$0.21$4.7922.81
$135.00$140.00$145.00Jul 31$0.22$4.7821.73
$106.00$107.00$108.00Jul 2$0.08$0.9211.50
$121.00$122.00$123.00Jul 2$0.09$0.9110.11
$127.00$128.00$129.00Jul 2$0.09$0.9110.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Jul 17$0.16$4.8430.25
$126.00$127.00$128.00Jul 10$0.08$0.9211.50
$122.00$123.00$124.00Jul 17$0.09$0.9110.11
$124.00$125.00$126.00Jul 2$0.13$0.876.69
$124.00$125.00$126.00Jul 17$0.14$0.866.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 79 found (best net $-0.25, 60 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$150.001:2Jul 10-$0.25$14.75
$145.00$150.001:2Jul 17-$0.02$4.98
$135.00$140.001:2Aug 7-$0.05$4.95
$140.00$145.001:2Jul 17-$0.07$4.93
$135.00$140.001:2Jul 31-$0.31$4.69
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$128.00$122.001:2Aug 7-$0.43$5.57
$122.00$117.001:2Aug 7-$0.63$4.37
$111.00$106.001:2Jul 2-$1.07$3.93
$110.00$106.001:2Jul 10-$0.19$3.81
$130.00$126.001:2Jul 17-$0.34$3.66

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 3.07%, avg 1.00%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$127.00Aug 7$3.850.491.3%3.07%4.37%32
$128.00Aug 7$3.500.462.1%2.79%4.89%2147
$126.00Jul 24$2.930.470.5%2.34%2.84%2146
$130.00Aug 7$2.690.393.7%2.15%5.84%114
$127.00Jul 31$2.680.481.3%2.14%3.44%1--
$126.00Jul 17$2.410.480.5%1.92%2.42%72153
$128.00Jul 31$2.390.442.1%1.91%4.00%192113
$127.00Jul 24$2.250.421.3%1.79%3.09%2--
$126.00Jul 31$2.230.530.5%1.78%2.28%3--
$129.00Jul 31$2.070.402.9%1.65%4.55%212

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 6,235
Total Puts 3,095
Put/Call Ratio 0.50
Net Difference 3,140

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 134,937
Total Puts 40,362
Average Put/Call Ratio 0.35
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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