Tour v297
MRK
MERCK & CO. INC.
$128.86 +1.64%
$128.70 (-0.12%)🌙
as of 07/07 06:47 PM
(7/6 18:44) ◀
|
Tuesday, July 7, 2026 (6:47pm)
January 2026
|
▶ (7/8 18:48)
◀ 7/7 18:47 ▶

Option Volume

Detail
ℹ
Current (07/07) 21,728
Calls: 18,151 (84%)
Puts: 3,577 (16%)
Prior (07/06) 15,938
Calls: 10,534 (66%)
Puts: 5,404 (34%)
Current vs Prior +36.33%
Calls: +72.31% (Calls)
Puts: -33.81% (Puts)
Prior 7-Day Total 154,180
Calls: 118,451 (77%)
Puts: 35,729 (23%)
Prior 7-Day Average 22,025
Calls: 16,921 (77%)
Puts: 5,104 (23%)
Current vs Prior 7-Day Avg -1.35%
Calls: +7.27%
Puts: -29.92%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/07) $11.02M
Calls: $9.80M (89%)
Puts: $1.22M (11%)
Prior (07/06) $9.31M
Calls: $5.68M (61%)
Puts: $3.63M (39%)
Current vs Prior +18.33%
Calls: +72.45%
Puts: -66.37%
Prior 7-Day Total $63.46M
Calls: $52.12M (82%)
Puts: $11.34M (18%)
Prior 7-Day Average $9.07M
Calls: $7.45M (82%)
Puts: $1.62M (18%)
Current vs Prior 7-Day Avg +21.52%
Calls: +31.58%
Puts: -24.67%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/07) 0.20
Prior (07/06) 0.51
Current vs Prior -61.59%
Prior 7-Day Average 0.37
Current vs Prior 7-Day Avg -46.26%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/07) 237,121
Calls: 142,012 (60%)
Puts: 95,109 (40%)
Prior (07/06) 242,967
Calls: 138,274 (57%)
Puts: 104,693 (43%)
Current vs Prior -2.41%
Prior 7-Day Total 1,697,595
Calls: 1,022,300 (60%)
Puts: 675,295 (40%)
Prior 7-Day Average 242,513
Calls: 146,042 (60%)
Puts: 96,470 (40%)
Current vs Prior 7-Day Avg -2.22%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 2.68% | 5.67%5.67% | 11.16%
Prior 3.12% | 5.84%5.84% | 10.77%
Current vs Prior -14.07% | -3.07%-3.07% | +3.65%
Prior 7-Day Avg 2.79% | 4.62%5.84% | 10.77%
Current vs 7-Day Avg -3.91% | +22.68%-3.07% | +3.65%
Prior 7-Day Eod 3.12% | 5.84%-- | --
Current vs 7-Day Eod -14.07% | -3.07%-- | --
Sentiment BULLISHBULLISH

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 35.67% | 12.71%
Calls: 21.85% | 11.51%
Puts: 49.50% | 13.90%
Current vs 7-Day Avg -30.75% | -13.90%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($9.80M) vs puts ($1.22M). Extreme bullish P/C ratio of 0.20 - heavy call buying (18,151 calls vs 3,577 puts). P/C ratio dropping 62% - sentiment shifting bullish. Call-heavy open interest (142,012 calls vs 95,109 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 23 of results (avg 7.0%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 174.905.10$5.004.0%880.746.7K
$135.00Aug 213.453.60$3.534.2%4.6K0.374.4K
$140.00Aug 212.052.15$2.104.8%1870.252.3K
$130.00Aug 215.355.65$5.505.5%3470.492.6K
$129.00Jul 243.103.30$3.206.2%10.5182
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 218.859.20$9.023.9%40.6364
$130.00Aug 215.906.15$6.034.1%790.51105
$125.00Aug 213.653.85$3.755.3%100.37294
$140.00Aug 2112.1012.90$12.506.4%30.7520
$130.00Jul 172.953.20$3.088.1%610.56346

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.53, cheapest $0.32)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.630.75$0.6917.4%2950.194.5K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Aug 210.290.35$0.3218.8%180.051.4K
$123.00Jul 170.530.64$0.5918.6%310.17363

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 57 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1722.9024.75$23.837.8%11.00395
$110.00Jul 1718.0519.75$18.909.0%401.00920
$115.00Jul 1013.0514.70$13.8811.9%30.99--
$119.00Jul 108.7010.75$9.7321.1%50.9843
$120.00Jul 107.609.75$8.6824.8%30.97445
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 1710.3011.75$11.0313.1%20.9210
$135.00Jul 175.907.60$6.7525.2%20.816
$140.00Aug 2112.1012.90$12.506.4%30.7520
$132.00Jul 244.355.25$4.8018.8%1760.64--
$135.00Aug 218.859.20$9.023.9%40.6364

Most actively traded options today. High liquidity = easy entry/exit. 165 active (total vol 13.1K, top 4.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 213.453.60$3.534.2%4.6K0.374.4K
$130.00Jul 171.952.16$2.0610.2%1.9K0.446.0K
$120.00Jul 178.959.80$9.389.1%1.2K0.905.1K
$130.00Jul 242.522.83$2.6811.6%4260.46265
$130.00Aug 215.355.65$5.505.5%3470.492.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 212.092.29$2.199.1%2250.24612
$132.00Jul 244.355.25$4.8018.8%1760.64--
$127.00Jul 241.712.35$2.0331.5%1340.3821
$130.00Aug 215.906.15$6.034.1%790.51105
$115.00Aug 211.091.28$1.1916.0%760.151.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 36 strikes (avg 25.5%, max 95.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$115.00Jul 10Aug 2153.5%32.8%63.1%28412
$138.00Jul 10Jul 3141.9%29.6%41.6%311
$120.00Jul 10Aug 2143.9%31.8%38.1%261.4K
$140.00Jul 10Aug 2143.4%32.6%33.3%1882.3K
$119.00Jul 10Jul 1745.9%34.9%31.5%1143
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 10Aug 2168.4%35.0%95.6%10--
$105.00Jul 17Aug 2160.5%35.9%68.3%261.4K
$115.00Jul 10Aug 2153.5%32.8%63.1%811.1K
$122.00Jul 10Jul 3140.8%26.5%54.1%16132
$118.00Jul 10Aug 753.0%35.0%51.1%2246

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 32.33, avg 4.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$142.00$150.00Jul 24$0.24$7.76$0.2432.33$142.24
$136.00$138.00Jul 10$0.11$1.89$0.1117.18$136.11
$138.00$145.00Jul 31$0.62$6.38$0.6210.29$138.62
$140.00$150.00Aug 7$0.97$9.03$0.979.31$140.97
$145.00$150.00Aug 21$0.49$4.51$0.499.20$145.49
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$106.00Aug 7$0.46$8.54$0.4618.57$114.54
$119.00$117.00Jul 17$0.12$1.88$0.1215.67$118.88
$118.00$110.00Jul 31$0.49$7.51$0.4915.33$117.51
$110.00$105.00Aug 21$0.36$4.64$0.3612.89$109.64
$120.00$118.00Jul 24$0.16$1.84$0.1611.50$119.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 110 found (best R:R 37.46, avg 1.93)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$110.00$115.00Jul 24$4.87$4.87$0.1337.46$114.87
$120.00$123.00Jul 17$2.88$2.88$0.1224.00$122.88
$121.00$124.00Jul 10$2.83$2.83$0.1716.65$123.83
$110.00$115.00Aug 21$4.50$4.50$0.509.00$114.50
$115.00$118.00Jul 24$2.68$2.68$0.328.37$117.68
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$135.00Jul 17$4.28$4.28$0.725.94$135.72
$135.00$130.00Jul 17$3.67$3.67$1.332.76$131.33
$140.00$135.00Aug 21$3.48$3.48$1.522.29$136.52
$135.00$130.00Aug 21$2.99$2.99$2.011.49$132.01
$130.00$129.00Jul 10$0.57$0.57$0.431.33$129.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 40 found (avg debit $0.87, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$118.00Jul 24Jul 31$0.0530.1%29.5%
$140.00Jul 10Jul 17$0.2443.4%35.8%
$110.00Jul 17Jul 24$0.2545.4%47.3%
$150.00Jul 24Aug 7$0.2636.8%33.3%
$135.00Jul 10Jul 17$0.5037.4%31.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$115.00Jul 10Jul 17$0.0953.5%38.4%
$105.00Jul 17Aug 7$0.1460.5%41.2%
$117.00Jul 17Jul 24$0.1835.6%32.8%
$122.00Jul 10Jul 17$0.2340.8%28.4%
$118.00Jul 10Jul 24$0.2453.0%30.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 42 found (cheapest 2.30% of stock, avg 7.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Jul 10$1.99$0.97$2.96$125.04$130.962.30%
$129.00Jul 10$1.59$1.46$3.05$125.95$132.052.37%
$130.00Jul 10$1.15$2.03$3.18$126.82$133.182.47%
$127.00Jul 10$2.64$0.73$3.37$123.63$130.372.62%
$126.00Jul 10$3.45$0.49$3.94$122.06$129.943.06%
$125.00Jul 10$4.30$0.32$4.62$120.38$129.623.59%
$130.00Jul 17$2.06$3.08$5.14$124.86$135.143.99%
$126.00Jul 17$4.22$1.30$5.52$120.48$131.524.28%
$124.00Jul 10$5.35$0.21$5.56$118.44$129.564.31%
$125.00Jul 17$5.00$1.01$6.01$118.99$131.014.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 156 found (cheapest 0.43% of stock, avg 2.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$134.00$125.00Jul 10$0.23$0.32$0.55$124.45$134.55
$141.00$122.00Jul 17$0.24$0.35$0.59$121.41$141.59
$139.00$122.00Jul 17$0.27$0.35$0.62$121.38$139.62
$140.00$122.00Jul 17$0.28$0.35$0.63$121.37$140.63
$133.00$125.00Jul 10$0.39$0.32$0.71$124.29$133.71
$134.00$126.00Jul 10$0.23$0.49$0.72$125.28$134.72
$132.00$125.00Jul 10$0.49$0.32$0.81$124.19$132.81
$141.00$123.00Jul 17$0.24$0.59$0.83$122.17$141.83
$139.00$123.00Jul 17$0.27$0.59$0.86$122.14$139.86
$133.00$126.00Jul 10$0.39$0.49$0.88$125.12$133.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 140 found (best R:R 7.33, avg credit $1.48)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
124/125129/130Jul 24$0.88$0.127.33$124.12$129.88
122/123125/126Jul 24$0.86$0.146.14$122.14$125.86
123/124125/126Jul 24$0.86$0.146.14$123.14$125.86
119/120124/125Jul 31$0.86$0.146.14$119.14$124.86
122/123128/129Jul 31$0.85$0.155.67$122.15$128.85
124/125129/130Jul 31$0.85$0.155.67$124.15$129.85
123/124131/132Aug 7$0.85$0.155.67$123.15$131.85
124/125126/128Jul 24$1.68$0.325.25$123.32$127.68
105/110115/120Aug 21$4.13$0.874.75$105.87$119.13
125/126127/128Jul 10$0.82$0.184.56$125.18$127.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 44 found (best R:R 32.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$136.00$138.00$140.00Jul 10$0.07$1.9327.57
$140.00$145.00$150.00Aug 21$0.42$4.5810.90
$115.00$120.00$125.00Aug 21$0.44$4.5610.36
$120.00$125.00$130.00Aug 21$0.48$4.529.42
$114.00$118.00$122.00Jul 31$0.40$3.609.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.15$4.8532.33
$123.00$124.00$125.00Jul 10$0.06$0.9415.67
$124.00$125.00$126.00Jul 10$0.06$0.9415.67
$125.00$126.00$127.00Jul 10$0.07$0.9313.29
$128.00$129.00$130.00Jul 10$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 $-0.09, 65 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$150.001:2Aug 21-$0.21$4.79
$140.00$145.001:2Aug 21-$0.28$4.72
$135.00$140.001:2Aug 21-$0.67$4.33
$130.00$135.001:2Aug 21-$1.56$3.44
$135.00$139.001:2Aug 7-$0.61$3.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$123.00$118.001:2Aug 7-$0.09$4.91
$110.00$105.001:2Jul 17-$0.12$4.88
$115.00$110.001:2Aug 21-$0.17$4.83
$120.00$115.001:2Aug 21-$0.19$4.81
$125.00$120.001:2Aug 21-$0.63$4.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 4.15%, avg 1.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Aug 21$5.350.490.9%4.15%5.04%3472.6K
$129.00Aug 7$4.700.530.1%3.65%3.76%34
$130.00Aug 14$4.700.490.9%3.65%4.53%4--
$130.00Aug 7$4.150.500.9%3.22%4.11%728
$132.00Aug 14$3.900.432.4%3.03%5.46%1--
$131.00Aug 7$3.550.471.7%2.75%4.42%19
$132.00Aug 7$3.500.442.4%2.72%5.15%3--
$135.00Aug 21$3.450.374.8%2.68%7.44%4.6K4.4K
$129.00Jul 31$3.400.500.1%2.64%2.75%223
$130.00Jul 31$3.250.470.9%2.52%3.41%17120

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 18,151
Total Puts 3,577
Put/Call Ratio 0.20
Net Difference 14,574

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 118,451
Total Puts 35,729
Average Put/Call Ratio 0.37
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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