Tour v290
MRK
MERCK & CO. INC.
$129.56 +3.34%
$129.69 (+0.10%)🌙
as of 07/02 06:43 PM
(7/1 18:45) ◀
|
Thursday, July 2, 2026 (6:43pm)
January 2026
|
▶ (7/6 18:44)
◀ 7/2 18:43 ▶

Option Volume

Detail
ℹ
Current (07/02) 17,795
Calls: 13,706 (77%)
Puts: 4,089 (23%)
Prior (07/01) 9,330
Calls: 6,235 (67%)
Puts: 3,095 (33%)
Current vs Prior +90.73%
Calls: +119.82% (Calls)
Puts: +32.12% (Puts)
Prior 7-Day Total 165,954
Calls: 128,353 (77%)
Puts: 37,601 (23%)
Prior 7-Day Average 23,707
Calls: 18,336 (77%)
Puts: 5,371 (23%)
Current vs Prior 7-Day Avg -24.94%
Calls: -25.25%
Puts: -23.88%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/02) $5.44M
Calls: $4.84M (89%)
Puts: $601.2K (11%)
Prior (07/01) $4.11M
Calls: $2.81M (68%)
Puts: $1.30M (32%)
Current vs Prior +32.31%
Calls: +72.27%
Puts: -53.86%
Prior 7-Day Total $61.70M
Calls: $52.01M (84%)
Puts: $9.68M (16%)
Prior 7-Day Average $8.81M
Calls: $7.43M (84%)
Puts: $1.38M (16%)
Current vs Prior 7-Day Avg -38.25%
Calls: -34.85%
Puts: -56.53%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/02) 0.30
Prior (07/01) 0.50
Current vs Prior -39.90%
Prior 7-Day Average 0.36
Current vs Prior 7-Day Avg -17.22%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/02) 220,565
Calls: 133,968 (61%)
Puts: 86,597 (39%)
Prior (07/01) 252,606
Calls: 158,160 (63%)
Puts: 94,446 (37%)
Current vs Prior -12.68%
Prior 7-Day Total 1,694,051
Calls: 1,007,629 (60%)
Puts: 682,965 (40%)
Prior 7-Day Average 242,007
Calls: 143,947 (60%)
Puts: 97,566 (40%)
Current vs Prior 7-Day Avg -8.86%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/02) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 1.09% | 3.54%5.94% | 11.10%
Prior 2.04% | 4.02%-- | --
Current vs Prior +73.50% | +47.84%-- | --
Prior 7-Day Avg 2.58% | 4.09%-- | --
Current vs 7-Day Avg +37.52% | +45.30%-- | --
Prior 7-Day Eod 2.04% | 4.02%-- | --
Current vs 7-Day Eod +73.50% | +47.84%-- | --
Sentiment BEARISH--

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 35.89% | 13.76%
Calls: 22.58% | 12.21%
Puts: 52.94% | 16.25%
Current vs 7-Day Avg -31.18% | -20.48%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($4.84M) vs puts ($601.2K). Above-average activity with volume up 91% vs prior. Extreme bullish P/C ratio of 0.30 - heavy call buying (13,706 calls vs 4,089 puts). P/C ratio dropping 40% - 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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH

📈 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 7 of results (avg 8.2%, best 4.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 172.622.75$2.694.8%8780.496.0K
$135.00Jul 170.900.97$0.947.4%2620.234.5K
$121.00Jul 248.909.65$9.288.1%20.85545
$127.00Jul 315.255.70$5.488.2%100.6220
$116.00Jul 3113.4514.75$14.109.2%20.893
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.89, cheapest $0.71)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.900.97$0.947.4%2620.234.5K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Jul 170.660.75$0.7112.7%640.17380
$124.00Jul 170.830.98$0.9116.5%10.21--
$127.00Jul 100.881.07$0.9819.4%60.30--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 69 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$122.00Jul 26.258.00$7.1324.5%91.00568
$123.00Jul 25.207.35$6.2834.2%831.00227
$125.00Jul 23.404.70$4.0532.1%821.00487
$126.00Jul 22.514.20$3.3650.3%341.00266
$128.00Jul 21.201.74$1.4736.7%2361.00788
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 20.261.63$0.95144.2%20.86--
$139.00Jul 109.1510.60$9.8814.7%10.80--
$138.00Jul 108.359.65$9.0014.4%10.80--
$132.00Jul 314.905.70$5.3015.1%20.58--
$130.00Jul 102.002.55$2.2824.1%30.5420

Most actively traded options today. High liquidity = easy entry/exit. 175 active (total vol 11.9K, top 2.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$136.00Jul 310.981.69$1.3453.0%2.0K0.26--
$135.00Jul 241.331.62$1.4819.6%1.1K0.271.1K
$129.00Jul 20.190.73$0.46117.4%1.1K0.77130
$130.00Jul 172.622.75$2.694.8%8780.496.0K
$130.00Jul 101.601.90$1.7517.1%7390.461.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$128.00Jul 20.000.01$0.01100.0%8570.02240
$105.00Jul 170.010.06$0.03166.7%5600.013.8K
$126.00Jul 171.261.48$1.3716.1%1660.30748
$118.00Aug 71.111.47$1.2927.9%1460.172
$124.00Jul 100.000.87$0.44197.7%930.15119

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 1387.0%, max 5675.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Jul 2Jul 311675.0%29.0%5675.9%82
$115.00Jul 2Jul 241505.0%31.0%4754.8%3--
$120.00Jul 2Jul 241121.0%28.0%3903.6%16133
$118.00Jul 2Jul 241276.0%33.0%3766.7%517
$121.00Jul 2Jul 311042.0%27.0%3759.3%4227
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$106.00Jul 2Jul 312190.0%45.0%4766.7%1862
$115.00Jul 2Jul 311505.0%31.0%4754.8%6477
$121.00Jul 2Jul 311042.0%27.0%3759.3%39145
$122.00Jul 2Jul 24352.0%26.0%1253.8%13369
$127.00Jul 2Jul 31293.0%26.0%1026.9%71786

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 82 found (best R:R 37.46, avg 4.40)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$145.00Jul 17$0.13$4.87$0.1337.46$140.13
$138.00$140.00Jul 31$0.12$1.88$0.1215.67$138.12
$136.00$140.00Jul 10$0.28$3.72$0.2813.29$136.28
$140.00$145.00Jul 31$0.57$4.43$0.577.77$140.57
$140.00$145.00Aug 7$0.72$4.28$0.725.94$140.72
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$114.00$110.00Jul 17$0.11$3.89$0.1135.36$113.89
$120.00$117.00Jul 17$0.16$2.84$0.1617.75$119.84
$115.00$110.00Jul 31$0.29$4.71$0.2916.24$114.71
$120.00$115.00Jul 24$0.37$4.63$0.3712.51$119.63
$117.00$115.00Jul 17$0.16$1.84$0.1611.50$116.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 26.78, avg 2.05)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$110.00Jul 2$4.82$4.82$0.1826.78$109.82
$120.00$123.00Jul 17$2.87$2.87$0.1322.08$122.87
$115.00$118.00Jul 24$2.82$2.82$0.1815.67$117.82
$121.00$124.00Jul 24$2.68$2.68$0.328.37$123.68
$113.00$115.00Jul 2$1.78$1.78$0.228.09$114.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$138.00Jul 10$0.88$0.88$0.127.33$138.12
$138.00$130.00Jul 10$6.72$6.72$1.285.25$131.28
$130.00$129.00Jul 2$0.82$0.82$0.184.56$129.18
$128.00$126.00Jul 24$1.33$1.33$0.671.99$126.67
$132.00$130.00Jul 31$1.30$1.30$0.701.86$130.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 34 found (avg debit $0.72, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 2Jul 10$0.06390.0%28.0%
$110.00Jul 2Jul 17$0.121341.0%39.0%
$145.00Jul 17Jul 31$0.1430.0%25.0%
$122.00Jul 2Jul 10$0.25352.0%30.0%
$123.00Jul 2Jul 10$0.32270.0%27.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$110.00Jul 17Jul 31$0.0739.0%31.0%
$114.00Jul 17Jul 24$0.1137.0%33.0%
$122.00Jul 2Jul 10$0.24352.0%30.0%
$123.00Jul 2Jul 10$0.26270.0%27.0%
$120.00Jul 10Jul 17$0.2634.0%31.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 0.46% of stock, avg 5.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Jul 2$0.46$0.13$0.59$128.41$129.590.46%
$130.00Jul 2$0.04$0.95$0.99$129.01$130.990.76%
$128.00Jul 2$1.47$0.01$1.48$126.52$129.481.14%
$127.00Jul 2$2.47$0.30$2.77$124.23$129.772.14%
$126.00Jul 2$3.36$0.03$3.39$122.61$129.392.62%
$130.00Jul 10$1.75$2.28$4.03$125.97$134.033.11%
$129.00Jul 10$2.31$1.75$4.06$124.94$133.063.13%
$125.00Jul 2$4.05$0.02$4.07$120.93$129.073.14%
$128.00Jul 10$2.86$1.32$4.18$123.82$132.183.23%
$127.00Jul 10$3.32$0.98$4.30$122.70$131.303.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 130 found (cheapest 0.13% of stock, avg 2.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$130.00$129.00Jul 2$0.04$0.13$0.17$128.83$130.17
$130.00$127.00Jul 2$0.04$0.30$0.34$126.66$130.34
$140.00$122.00Jul 17$0.24$0.63$0.87$121.13$140.87
$139.00$122.00Jul 17$0.25$0.63$0.88$121.12$139.88
$134.00$125.00Jul 10$0.42$0.52$0.94$124.06$134.94
$140.00$123.00Jul 17$0.24$0.71$0.95$122.05$140.95
$139.00$123.00Jul 17$0.25$0.71$0.96$122.04$139.96
$130.00$121.00Jul 2$0.04$1.07$1.11$119.89$131.11
$130.00$115.00Jul 2$0.04$1.07$1.11$113.89$131.11
$130.00$106.00Jul 2$0.04$1.07$1.11$104.89$131.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 127 found (best R:R 11.50, avg credit $1.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
115/117118/120Jul 17$1.84$0.1611.50$115.16$119.84
128/129130/131Jul 24$0.90$0.109.00$128.10$130.90
122/123130/131Jul 24$0.89$0.118.09$122.11$130.89
120/123127/130Aug 7$2.65$0.357.57$120.35$129.65
121/122124/125Jul 10$0.88$0.127.33$121.12$124.88
125/126130/131Jul 24$0.88$0.127.33$125.12$130.88
126/128132/133Jul 24$1.74$0.266.69$126.26$133.74
126/128131/132Jul 24$1.72$0.286.14$126.28$132.72
126/127130/131Jul 31$0.86$0.146.14$126.14$130.86
123/124132/133Jul 24$0.84$0.165.25$123.16$132.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 45 found (best R:R 61.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$140.00$145.00$150.00Jul 17$0.08$4.9261.50
$134.00$135.00$136.00Jul 10$0.05$0.9519.00
$130.00$131.00$132.00Jul 10$0.06$0.9415.67
$130.00$131.00$132.00Jul 31$0.08$0.9211.50
$131.00$132.00$133.00Jul 10$0.09$0.9110.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$122.00$123.00$124.00Jul 2$0.05$0.9519.00
$126.00$127.00$128.00Jul 10$0.07$0.9313.29
$125.00$126.00$127.00Jul 10$0.08$0.9211.50
$120.00$121.00$122.00Jul 17$0.08$0.9211.50
$124.00$125.00$126.00Jul 17$0.08$0.9211.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 81 found (best net $-0.15, 59 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$150.001:2Jul 2-$2.13$7.87
$133.00$140.001:2Jul 2-$0.01$6.99
$116.00$124.001:2Aug 7-$2.32$5.68
$145.00$150.001:2Jul 17-$0.01$4.99
$140.00$145.001:2Aug 7-$0.04$4.96
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$116.00$106.001:2Jul 10-$0.15$9.85
$115.00$106.001:2Jul 2-$1.07$7.93
$118.00$112.001:2Aug 7-$0.23$5.77
$121.00$115.001:2Jul 2-$1.07$4.93
$110.00$106.001:2Jul 31-$0.60$3.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 32 found (best yield 3.16%, avg 1.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Aug 7$4.100.490.3%3.16%3.50%215
$130.00Jul 31$3.700.500.3%2.86%3.20%41113
$132.00Aug 7$3.300.431.9%2.55%4.43%4621
$130.00Jul 24$3.150.480.3%2.43%2.77%47275
$131.00Jul 31$3.150.461.1%2.43%3.54%847
$132.00Jul 31$2.720.421.9%2.10%3.98%361
$130.00Jul 17$2.620.490.3%2.02%2.36%8786.0K
$131.00Jul 24$2.530.431.1%1.95%3.06%21515
$132.00Jul 24$2.160.391.9%1.67%3.55%98
$133.00Jul 24$1.790.342.7%1.38%4.04%726

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 13,706
Total Puts 4,089
Put/Call Ratio 0.30
Net Difference 9,617

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 128,353
Total Puts 37,601
Average Put/Call Ratio 0.36
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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