Tour v303
MRK
MERCK & CO. INC.
$125.99 -2.23%
$126.15 (+0.13%)🌙
as of 07/08 06:48 PM
(7/7 18:47) ◀
|
Wednesday, July 8, 2026 (6:48pm)
January 2026
|
▶ (7/9 18:47)
◀ 7/8 18:48 ▶

Option Volume

Detail
ℹ
Current (07/08) 14,042
Calls: 9,109 (65%)
Puts: 4,933 (35%)
Prior (07/07) 21,728
Calls: 18,151 (84%)
Puts: 3,577 (16%)
Current vs Prior -35.37%
Calls: -49.82% (Calls)
Puts: +37.91% (Puts)
Prior 7-Day Total 145,698
Calls: 112,060 (77%)
Puts: 33,638 (23%)
Prior 7-Day Average 20,814
Calls: 16,008 (77%)
Puts: 4,805 (23%)
Current vs Prior 7-Day Avg -32.54%
Calls: -43.10%
Puts: +2.65%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/08) $4.07M
Calls: $2.81M (69%)
Puts: $1.26M (31%)
Prior (07/07) $11.02M
Calls: $9.80M (89%)
Puts: $1.22M (11%)
Current vs Prior -63.09%
Calls: -71.36%
Puts: +3.33%
Prior 7-Day Total $60.56M
Calls: $49.48M (82%)
Puts: $11.09M (18%)
Prior 7-Day Average $8.65M
Calls: $7.07M (82%)
Puts: $1.58M (18%)
Current vs Prior 7-Day Avg -52.99%
Calls: -60.31%
Puts: -20.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/08) 0.54
Prior (07/07) 0.20
Current vs Prior +174.80%
Prior 7-Day Average 0.36
Current vs Prior 7-Day Avg +49.63%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/08) 230,588
Calls: 151,446 (66%)
Puts: 79,142 (34%)
Prior (07/07) 237,121
Calls: 142,012 (60%)
Puts: 95,109 (40%)
Current vs Prior -2.76%
Prior 7-Day Total 1,683,429
Calls: 1,014,854 (60%)
Puts: 668,575 (40%)
Prior 7-Day Average 240,489
Calls: 144,979 (60%)
Puts: 95,510 (40%)
Current vs Prior 7-Day Avg -4.12%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 2.45% | 4.08%4.08% | 11.23%
Prior 2.68% | 5.67%5.67% | 11.16%
Current vs Prior -8.39% | -27.99%-27.99% | +0.64%
Prior 7-Day Avg 2.83% | 4.92%5.75% | 10.96%
Current vs 7-Day Avg -13.42% | -17.01%-29.11% | +2.45%
Prior 7-Day Eod 2.68% | 5.67%-- | --
Current vs 7-Day Eod -8.39% | -27.99%-- | --
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 26.81% | 12.78%
Calls: 17.33% | 12.20%
Puts: 36.29% | 13.36%
Current vs 7-Day Avg -7.87% | -14.38%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($2.81M). Light premium activity with dollar volume down 63% vs prior. Bullish P/C ratio of 0.54. P/C ratio rising 175% - 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 31 of results (avg 7.1%, best 3.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 219.359.65$9.503.2%1220.70961
$135.00Aug 212.482.56$2.523.2%1.7K0.304.7K
$130.00Aug 214.054.20$4.133.6%5900.422.7K
$125.00Aug 75.505.80$5.655.3%330.5746
$125.00Jul 172.822.98$2.905.5%1220.586.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 217.357.65$7.504.0%250.58157
$125.00Aug 214.654.90$4.785.2%30.44297
$120.00Aug 212.742.91$2.836.0%270.30725
$130.00Jul 244.955.40$5.188.7%10.682
$129.00Jul 173.804.15$3.988.8%380.69--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.67, cheapest $0.27)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.250.28$0.2711.1%1560.094.6K
$127.00Jul 100.780.94$0.8618.6%670.39296
$133.00Jul 240.820.95$0.8914.6%10.21132
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 56 found (avg delta 0.74, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$101.00Jul 1024.3026.35$25.338.1%10.99--
$102.00Jul 1023.3025.35$24.338.4%10.99--
$106.00Jul 1019.3021.40$20.3510.3%10.99--
$105.00Jul 1020.3022.45$21.3810.1%10.99--
$110.00Jul 1715.5017.30$16.4011.0%250.99906
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$134.00Jul 176.809.25$8.0330.5%10.88--
$130.00Jul 103.304.30$3.8026.3%50.8828
$129.00Jul 102.373.45$2.9137.1%40.81--
$130.00Jul 174.405.35$4.8819.5%40.74--
$132.00Jul 316.357.30$6.8213.9%10.73--

Most actively traded options today. High liquidity = easy entry/exit. 162 active (total vol 10.7K, top 1.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Aug 212.482.56$2.523.2%1.7K0.304.7K
$140.00Aug 211.411.56$1.4910.1%8350.202.3K
$130.00Jul 170.821.01$0.9220.7%7100.266.0K
$130.00Aug 214.054.20$4.133.6%5900.422.7K
$132.00Jul 100.050.18$0.12108.3%5600.07516
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 171.621.96$1.7919.0%1.0K0.42657
$125.00Jul 100.650.85$0.7526.7%9330.3690
$120.00Jul 170.330.52$0.4344.2%4440.141.9K
$120.00Jul 311.231.44$1.3415.7%1690.2338
$126.00Jul 172.042.43$2.2417.4%1070.49741

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 33 strikes (avg 47.2%, max 226.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$114.00Jul 10Aug 14113.1%34.6%226.4%2--
$115.00Jul 10Aug 2168.3%32.9%107.3%18410
$140.00Jul 10Aug 2164.1%32.6%96.5%8442.3K
$118.00Jul 10Jul 2457.1%30.8%85.4%5--
$134.00Jul 10Aug 757.6%33.7%70.7%2249
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 10Aug 2199.1%34.6%186.0%421.4K
$115.00Jul 10Aug 2168.3%32.9%107.3%1031.1K
$105.00Jul 17Aug 2159.5%35.0%69.7%204.0K
$121.00Jul 10Jul 3141.1%28.0%46.7%2469
$122.00Jul 10Jul 3137.1%26.8%38.5%2165

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 41.86, avg 3.97)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$134.00$140.00Jul 10$0.14$5.86$0.1441.86$134.14
$136.00$140.00Jul 24$0.16$3.84$0.1624.00$136.16
$136.00$140.00Jul 17$0.35$3.65$0.3510.43$136.35
$145.00$150.00Aug 21$0.47$4.53$0.479.64$145.47
$132.00$133.00Jul 24$0.11$0.89$0.118.09$132.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$115.00$108.00Aug 7$0.35$6.65$0.3519.00$114.65
$113.00$110.00Jul 17$0.25$2.75$0.2511.00$112.75
$119.00$110.00Jul 31$0.82$8.18$0.829.98$118.18
$110.00$105.00Aug 21$0.49$4.51$0.499.20$109.51
$117.00$116.00Jul 17$0.12$0.88$0.127.33$116.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 37.46, avg 2.01)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$115.00$120.00Jul 17$4.87$4.87$0.1337.46$119.87
$106.00$114.00Jul 10$7.72$7.72$0.2827.57$113.72
$110.00$115.00Jul 17$4.75$4.75$0.2519.00$114.75
$121.00$123.00Jul 10$1.85$1.85$0.1512.33$122.85
$115.00$118.00Jul 24$2.61$2.61$0.396.69$117.61
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$130.00$129.00Jul 17$0.90$0.90$0.109.00$129.10
$130.00$129.00Jul 10$0.89$0.89$0.118.09$129.11
$134.00$130.00Jul 17$3.15$3.15$0.853.71$130.85
$128.00$127.00Jul 10$0.68$0.68$0.322.12$127.32
$112.00$111.00Jul 10$0.67$0.67$0.332.03$111.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 34 found (avg debit $0.68, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 10Jul 17$0.0664.1%36.1%
$136.00Jul 17Jul 24$0.0739.9%30.8%
$150.00Jul 24Aug 21$0.1549.1%32.3%
$134.00Jul 10Jul 17$0.1757.6%31.8%
$115.00Jul 10Jul 17$0.3268.3%37.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$115.00Jul 10Jul 17$0.1068.3%37.5%
$120.00Jul 10Jul 17$0.3442.5%29.6%
$121.00Jul 10Jul 17$0.4041.1%28.6%
$122.00Jul 10Jul 17$0.5537.1%28.2%
$119.00Jul 17Jul 31$0.6331.6%28.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 40 found (cheapest 1.98% of stock, avg 6.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$126.00Jul 10$1.27$1.22$2.49$123.51$128.491.98%
$125.00Jul 10$1.87$0.75$2.62$122.38$127.622.08%
$127.00Jul 10$0.86$1.76$2.62$124.38$129.622.08%
$128.00Jul 10$0.56$2.44$3.00$125.00$131.002.38%
$129.00Jul 10$0.36$2.91$3.27$125.73$132.272.60%
$130.00Jul 10$0.21$3.80$4.01$125.99$134.013.18%
$123.00Jul 10$3.85$0.27$4.12$118.88$127.123.27%
$126.00Jul 17$2.36$2.24$4.60$121.40$130.603.65%
$127.00Jul 17$1.90$2.70$4.60$122.40$131.603.65%
$125.00Jul 17$2.90$1.79$4.69$120.31$129.693.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 159 found (cheapest 0.30% of stock, avg 2.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$131.00$122.00Jul 10$0.19$0.19$0.38$121.62$131.38
$130.00$122.00Jul 10$0.21$0.19$0.40$121.60$130.40
$131.00$123.00Jul 10$0.19$0.27$0.46$122.54$131.46
$130.00$123.00Jul 10$0.21$0.27$0.48$122.52$130.48
$129.00$122.00Jul 10$0.36$0.19$0.55$121.45$129.55
$129.00$123.00Jul 10$0.36$0.27$0.63$122.37$129.63
$131.00$124.00Jul 10$0.19$0.52$0.71$123.29$131.71
$130.00$124.00Jul 10$0.21$0.52$0.73$123.27$130.73
$128.00$122.00Jul 10$0.56$0.19$0.75$121.25$128.75
$150.00$105.00Aug 21$0.42$0.39$0.81$104.19$150.81

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 157 found (best R:R 9.00, avg credit $1.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
123/124126/127Jul 17$0.90$0.109.00$123.10$126.90
119/120124/125Aug 7$0.90$0.109.00$119.10$124.90
121/122124/125Jul 17$0.87$0.136.69$121.13$124.87
120/121124/125Jul 24$0.87$0.136.69$120.13$124.87
105/110115/120Aug 21$4.32$0.686.35$105.68$119.32
124/125127/128Jul 24$0.86$0.146.14$124.14$127.86
119/120122/125Jul 31$2.55$0.455.67$117.45$124.55
120/125126/132Aug 14$5.10$0.905.67$119.90$131.10
119/120126/127Jul 31$0.84$0.165.25$119.16$126.84
124/125126/127Jul 17$0.83$0.174.88$124.17$126.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 46 found (best R:R 37.46, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$140.00$145.00$150.00Aug 21$0.13$4.8737.46
$128.00$129.00$130.00Jul 10$0.05$0.9519.00
$131.00$132.00$133.00Jul 10$0.05$0.9519.00
$128.00$129.00$130.00Jul 24$0.06$0.9415.67
$120.00$125.00$130.00Aug 21$0.33$4.6714.15
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$105.00$110.00$115.00Aug 21$0.22$4.7821.73
$121.00$122.00$123.00Jul 17$0.05$0.9519.00
$115.00$116.00$117.00Jul 17$0.06$0.9415.67
$119.00$120.00$121.00Jul 17$0.06$0.9415.67
$125.00$126.00$127.00Jul 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. 94 found (best net $-0.41, 83 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$142.00$150.001:2Jul 24-$0.41$7.59
$126.00$132.001:2Aug 14-$0.43$5.57
$140.00$145.001:2Aug 21-$0.29$4.71
$135.00$140.001:2Aug 21-$0.46$4.54
$130.00$135.001:2Aug 21-$0.91$4.09
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$108.001:2Aug 7-$0.42$6.58
$125.00$120.001:2Aug 14$0.00$5.00
$120.00$115.001:2Jul 10-$0.07$4.93
$110.00$105.001:2Jul 17-$0.17$4.83
$115.00$110.001:2Aug 21-$0.17$4.83

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 4.17%, avg 1.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$126.00Aug 14$5.250.530.0%4.17%4.17%1--
$126.00Aug 7$5.000.530.0%3.97%3.98%33
$130.00Aug 21$4.050.423.2%3.21%6.40%5902.7K
$126.00Jul 31$3.600.530.0%2.86%2.87%2--
$129.00Aug 7$3.600.442.4%2.86%5.25%3--
$130.00Aug 7$3.250.413.2%2.58%5.76%5--
$127.00Jul 31$3.100.480.8%2.46%3.26%2011
$132.00Aug 14$2.600.364.8%2.06%6.83%72
$132.00Aug 7$2.580.354.8%2.05%6.82%1--
$127.00Jul 24$2.510.470.8%1.99%2.79%2336

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 9,109
Total Puts 4,933
Put/Call Ratio 0.54
Net Difference 4,176

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 112,060
Total Puts 33,638
Average Put/Call Ratio 0.36
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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