Tour v294
MRK
MERCK & CO. INC.
$126.78 -2.15%
$126.90 (+0.09%)🌙
as of 07/06 06:44 PM
(7/2 18:43) ◀
|
Monday, July 6, 2026 (6:44pm)
January 2026
|
▶ (7/7 18:47)
◀ 7/6 18:44 ▶

Option Volume

Detail
ℹ
Current (07/06) 15,938
Calls: 10,534 (66%)
Puts: 5,404 (34%)
Prior (07/02) 17,795
Calls: 13,706 (77%)
Puts: 4,089 (23%)
Current vs Prior -10.44%
Calls: -23.14% (Calls)
Puts: +32.16% (Puts)
Prior 7-Day Total 138,242
Calls: 107,917 (78%)
Puts: 30,325 (22%)
Prior 7-Day Average 23,040
Calls: 15,416 (78%)
Puts: 4,332 (22%)
Current vs Prior 7-Day Avg -30.83%
Calls: -31.67%
Puts: +24.74%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/06) $9.31M
Calls: $5.68M (61%)
Puts: $3.63M (39%)
Prior (07/02) $5.44M
Calls: $4.84M (89%)
Puts: $601.2K (11%)
Current vs Prior +71.07%
Calls: +17.34%
Puts: +503.73%
Prior 7-Day Total $54.15M
Calls: $46.44M (86%)
Puts: $7.71M (14%)
Prior 7-Day Average $9.03M
Calls: $6.63M (86%)
Puts: $1.10M (14%)
Current vs Prior 7-Day Avg +3.16%
Calls: -14.37%
Puts: +229.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/06) 0.51
Prior (07/02) 0.30
Current vs Prior +71.96%
Prior 7-Day Average 0.34
Current vs Prior 7-Day Avg +49.81%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/06) 242,967
Calls: 138,274 (57%)
Puts: 104,693 (43%)
Prior (07/02) 220,565
Calls: 133,968 (61%)
Puts: 86,597 (39%)
Current vs Prior +10.16%
Prior 7-Day Total 1,454,628
Calls: 884,026 (61%)
Puts: 570,602 (39%)
Prior 7-Day Average 242,438
Calls: 147,337 (61%)
Puts: 95,100 (39%)
Current vs Prior 7-Day Avg +0.22%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.12% | 5.84%5.84% | 10.77%
Prior 3.54% | 5.94%-- | --
Current vs Prior -12.06% | -1.66%-- | --
Prior 7-Day Avg 2.73% | 4.41%-- | --
Current vs 7-Day Avg +14.07% | +32.43%-- | --
Prior 7-Day Eod 3.54% | 5.94%-- | --
Current vs 7-Day Eod -12.06% | -1.66%-- | --
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 37.50% | 13.00%
Calls: 22.50% | 11.36%
Puts: 52.50% | 14.64%
Current vs 7-Day Avg -34.13% | -15.85%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 61% call dollar volume ($5.68M). Elevated premium activity with dollar volume up 71% vs prior. Bullish P/C ratio of 0.51. P/C ratio rising 72% - increased hedging/bearish 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 20 of results (avg 7.8%, best 5.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 314.704.95$4.835.2%130.6077
$128.00Aug 144.654.90$4.785.2%10.48--
$126.00Jul 243.553.75$3.655.5%70.5660
$126.00Jul 172.973.15$3.065.9%330.56195
$110.00Jul 1716.3017.30$16.806.0%1430.98926
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$126.00Aug 144.204.55$4.388.0%10.46--
$126.00Jul 312.953.20$3.088.1%340.4525
$126.00Aug 73.954.30$4.138.5%60.46--
$130.00Jul 174.154.55$4.359.2%170.68340

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.72, cheapest $0.39)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.360.42$0.3915.4%930.124.6K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$122.00Jul 170.740.89$0.8218.3%320.21763
$121.00Jul 240.861.05$0.9619.8%690.21260

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 58 found (avg delta 0.80, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$113.00Jul 1012.6514.85$13.7516.0%10.99--
$102.00Jul 1023.2525.95$24.6011.0%10.99--
$105.00Jul 1020.3522.95$21.6512.0%10.98--
$111.00Jul 1014.9016.70$15.8011.4%10.989
$106.00Jul 1019.3021.95$20.6312.8%10.981
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 1712.2014.20$13.2015.2%100.95--
$130.00Jul 103.404.80$4.1034.1%70.76--
$129.00Jul 102.843.15$3.0010.3%40.68--
$130.00Jul 174.154.55$4.359.2%170.68340
$130.00Jul 244.555.15$4.8512.4%20.64--

Most actively traded options today. High liquidity = easy entry/exit. 172 active (total vol 5.2K, top 893)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 171.251.39$1.3210.6%8930.326.0K
$140.00Aug 70.821.11$0.9729.9%2660.1695
$115.00Jul 1711.1512.55$11.8511.8%2310.952.8K
$125.00Jul 173.553.95$3.7510.7%1840.636.9K
$130.00Jul 100.550.70$0.6323.8%1510.242.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 171.551.81$1.6815.5%5590.37355
$126.00Jul 101.141.44$1.2923.3%1430.4278
$123.00Jul 100.360.53$0.4537.8%1270.18180
$126.00Jul 171.912.22$2.0715.0%870.44796
$120.00Jul 170.390.62$0.5145.1%820.142.0K

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 29.6%, max 140.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 10Aug 786.4%42.5%103.4%2--
$150.00Jul 10Jul 1787.4%44.5%96.4%5--
$116.00Jul 10Jul 1761.6%32.7%88.7%31.2K
$111.00Jul 10Jul 2461.5%33.7%82.5%39
$113.00Jul 10Aug 1449.1%33.0%48.8%4--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$112.00Jul 10Aug 1484.5%35.1%140.9%4--
$116.00Jul 10Aug 1461.6%32.4%90.1%4--
$105.00Jul 17Aug 1460.6%39.4%53.8%11--
$110.00Jul 10Aug 1457.7%42.7%35.1%841
$114.00Jul 10Aug 743.2%34.4%25.6%291

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 97 found (best R:R 19.00, avg 3.31)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$135.00$139.00Jul 17$0.24$3.76$0.2415.67$135.24
$131.00$132.00Jul 10$0.11$0.89$0.118.09$131.11
$136.00$138.00Aug 7$0.30$1.70$0.305.67$136.30
$139.00$140.00Aug 7$0.16$0.84$0.165.25$139.16
$133.00$134.00Jul 24$0.18$0.82$0.184.56$133.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$112.00$110.00Jul 31$0.10$1.90$0.1019.00$111.90
$115.00$112.00Aug 14$0.21$2.79$0.2113.29$114.79
$117.00$114.00Jul 31$0.22$2.78$0.2212.64$116.78
$120.00$119.00Jul 17$0.10$0.90$0.109.00$119.90
$122.00$121.00Jul 10$0.11$0.89$0.118.09$121.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 116 found (best R:R 28.41, avg 1.68)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$106.00$111.00Jul 10$4.83$4.83$0.1728.41$110.83
$105.00$110.00Jul 17$4.73$4.73$0.2717.52$109.73
$107.00$115.00Jul 31$7.52$7.52$0.4815.67$114.52
$105.00$114.00Aug 7$8.30$8.30$0.7011.86$113.30
$112.00$122.00Jul 24$8.67$8.67$1.336.52$120.67
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$130.00Jul 17$8.85$8.85$1.157.70$131.15
$129.00$128.00Jul 10$0.68$0.68$0.322.13$128.32
$130.00$126.00Jul 17$2.28$2.28$1.721.33$127.72
$130.00$126.00Jul 24$2.28$2.28$1.721.33$127.72
$128.00$127.00Jul 10$0.56$0.56$0.441.27$127.44

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.76, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 10Jul 17$0.0744.5%31.7%
$113.00Jul 10Jul 17$0.0849.1%36.2%
$135.00Jul 10Jul 17$0.2737.8%30.2%
$111.00Jul 10Jul 24$0.4061.5%33.7%
$118.00Jul 10Jul 17$0.5836.5%32.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$114.00Jul 10Jul 17$0.1143.2%35.9%
$119.00Jul 17Jul 24$0.2231.7%28.5%
$130.00Jul 10Jul 17$0.2533.5%29.3%
$118.00Jul 10Jul 17$0.2936.5%32.9%
$105.00Jul 17Aug 14$0.3060.6%39.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 42 found (cheapest 2.67% of stock, avg 6.84%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Jul 10$1.63$1.76$3.39$123.61$130.392.67%
$126.00Jul 10$2.19$1.29$3.48$122.52$129.482.74%
$128.00Jul 10$1.21$2.32$3.53$124.47$131.532.78%
$125.00Jul 10$2.83$0.92$3.75$121.25$128.752.96%
$129.00Jul 10$0.91$3.00$3.91$125.09$132.913.08%
$123.00Jul 10$4.15$0.45$4.60$118.40$127.603.63%
$130.00Jul 10$0.63$4.10$4.73$125.27$134.733.73%
$126.00Jul 17$3.06$2.07$5.13$120.87$131.134.05%
$125.00Jul 17$3.75$1.68$5.43$119.57$130.434.28%
$122.00Jul 10$5.28$0.29$5.57$116.43$127.574.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.58% of stock, avg 3.29%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$131.00$122.00Jul 10$0.44$0.29$0.73$121.27$131.73
$131.00$123.00Jul 10$0.44$0.45$0.89$122.11$131.89
$130.00$122.00Jul 10$0.63$0.29$0.92$121.08$130.92
$139.00$122.00Jul 17$0.15$0.82$0.97$121.03$139.97
$130.00$123.00Jul 10$0.63$0.45$1.08$121.92$131.08
$131.00$124.00Jul 10$0.44$0.68$1.12$122.88$132.12
$129.00$122.00Jul 10$0.91$0.29$1.20$120.80$130.20
$135.00$122.00Jul 17$0.39$0.82$1.21$120.79$136.21
$139.00$123.00Jul 17$0.15$1.05$1.20$121.80$140.20
$130.00$124.00Jul 10$0.63$0.68$1.31$122.69$131.31

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 168 found (best R:R 12.33, avg credit $1.17)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
120/122125/127Aug 7$1.85$0.1512.33$120.15$126.85
117/118120/123Jul 17$2.71$0.299.34$115.29$122.71
122/123125/126Jul 31$0.89$0.118.09$122.11$125.89
117/118119/120Jul 17$0.88$0.127.33$117.12$119.88
123/124128/129Jul 31$0.88$0.127.33$123.12$128.88
125/126128/129Jul 24$0.86$0.146.14$125.14$128.86
112/114115/120Jul 31$4.30$0.706.14$109.70$119.30
117/119120/122Jul 31$1.72$0.286.14$117.28$121.72
125/126129/130Jul 31$0.86$0.146.14$125.14$129.86
125/126127/128Aug 7$0.85$0.155.67$125.15$127.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$128.00$129.00$130.00Jul 31$0.05$0.9519.00
$133.00$134.00$135.00Jul 10$0.06$0.9415.67
$128.00$129.00$130.00Jul 24$0.06$0.9415.67
$128.00$129.00$130.00Aug 7$0.07$0.9313.29
$125.00$126.00$127.00Jul 10$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$121.00$122.00$123.00Jul 10$0.05$0.9519.00
$124.00$125.00$126.00Jul 17$0.05$0.9519.00
$121.00$122.00$123.00Jul 17$0.06$0.9415.67
$122.00$123.00$124.00Jul 17$0.06$0.9415.67
$122.00$123.00$124.00Jul 10$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. 85 found (best net $-0.01, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$150.001:2Jul 17-$0.01$9.99
$140.00$150.001:2Jul 10-$0.28$9.72
$135.00$140.001:2Aug 14-$0.14$4.86
$105.00$114.001:2Aug 7-$5.73$3.27
$107.00$115.001:2Jul 31-$4.98$3.02
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$106.001:2Jul 10-$0.14$3.86
$130.00$126.001:2Jul 24-$0.29$3.71
$114.00$111.001:2Jul 17-$0.01$2.99
$106.00$103.001:2Jul 10-$0.06$2.94
$108.00$105.001:2Jul 17-$0.26$2.74

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 44 found (best yield 3.71%, avg 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$127.00Aug 14$4.700.510.2%3.71%3.88%2376
$128.00Aug 14$4.650.481.0%3.67%4.63%1--
$127.00Aug 7$4.300.500.2%3.39%3.57%189
$128.00Aug 7$4.250.481.0%3.35%4.31%2454
$129.00Aug 7$3.700.451.8%2.92%4.67%3--
$130.00Aug 7$3.400.412.5%2.68%5.22%2816
$128.00Jul 31$3.150.471.0%2.48%3.45%20225
$132.00Aug 14$2.840.374.1%2.24%6.36%1--
$129.00Jul 31$2.600.421.8%2.05%3.80%10--
$128.00Jul 24$2.550.461.0%2.01%2.97%4--

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 10,534
Total Puts 5,404
Put/Call Ratio 0.51
Net Difference 5,130

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 107,917
Total Puts 30,325
Average Put/Call Ratio 0.34
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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