Tour v308
MRK
MERCK & CO. INC.
$125.07 -0.73%
$124.55 (-0.42%)🌙
as of 07/09 06:47 PM
(7/8 18:48) ◀
|
Thursday, July 9, 2026 (6:47pm)
January 2026
|
▶ (7/10 18:48)
◀ 7/9 18:47 ▶

Option Volume

Detail
ℹ
Current (07/09) 10,446
Calls: 4,919 (47%)
Puts: 5,527 (53%)
Prior (07/08) 14,042
Calls: 9,109 (65%)
Puts: 4,933 (35%)
Current vs Prior -25.61%
Calls: -46.00% (Calls)
Puts: +12.04% (Puts)
Prior 7-Day Total 117,691
Calls: 85,559 (73%)
Puts: 32,132 (27%)
Prior 7-Day Average 16,813
Calls: 12,222 (73%)
Puts: 4,590 (27%)
Current vs Prior 7-Day Avg -37.87%
Calls: -59.76%
Puts: +20.41%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/09) $3.16M
Calls: $1.77M (56%)
Puts: $1.39M (44%)
Prior (07/08) $4.07M
Calls: $2.81M (69%)
Puts: $1.26M (31%)
Current vs Prior -22.40%
Calls: -36.90%
Puts: +9.86%
Prior 7-Day Total $50.69M
Calls: $39.98M (79%)
Puts: $10.70M (21%)
Prior 7-Day Average $7.24M
Calls: $5.71M (79%)
Puts: $1.53M (21%)
Current vs Prior 7-Day Avg -56.42%
Calls: -69.01%
Puts: -9.38%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 1.12
Prior (07/08) 0.54
Current vs Prior +107.48%
Prior 7-Day Average 0.41
Current vs Prior 7-Day Avg +171.73%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/09) 234,352
Calls: 136,314 (58%)
Puts: 98,038 (42%)
Prior (07/08) 230,588
Calls: 151,446 (66%)
Puts: 79,142 (34%)
Current vs Prior +1.63%
Prior 7-Day Total 1,669,783
Calls: 1,008,974 (60%)
Puts: 660,809 (40%)
Prior 7-Day Average 238,540
Calls: 144,139 (60%)
Puts: 94,401 (40%)
Current vs Prior 7-Day Avg -1.76%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 1.79% | 3.81%3.81% | 11.08%
Prior 2.45% | 4.08%4.08% | 11.23%
Current vs Prior -26.97% | -6.71%-6.71% | -1.33%
Prior 7-Day Avg 2.70% | 4.82%5.20% | 11.05%
Current vs 7-Day Avg -33.75% | -20.97%-26.76% | +0.27%
Prior 7-Day Eod 2.45% | 4.08%-- | --
Current vs 7-Day Eod -26.97% | -6.71%-- | --
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 24.70% | 10.94%
Calls: 17.93% | 12.45%
Puts: 31.48% | 9.43%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Slightly bearish P/C ratio of 1.12. P/C ratio rising 107% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 30 of results (avg 7.9%, best 3.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 215.705.95$5.834.3%640.532.8K
$125.00Jul 313.603.85$3.736.7%60.5284
$130.00Aug 213.553.80$3.686.8%2510.392.7K
$125.00Aug 74.905.25$5.086.9%420.5277
$124.00Jul 314.104.40$4.257.1%10.5610
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 217.908.15$8.033.1%90.61174
$125.00Aug 215.055.30$5.184.8%300.48298
$128.00Jul 314.905.25$5.086.9%10.6137
$125.00Jul 313.253.50$3.387.4%80.4838
$125.00Aug 74.454.80$4.637.6%70.486

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.79, cheapest $0.60)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 170.550.64$0.6015.0%2210.205.9K
$129.00Jul 170.700.83$0.7617.1%570.245
$131.00Jul 240.861.00$0.9315.1%180.23--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$121.00Jul 170.590.70$0.6516.9%160.2194
$119.00Jul 240.720.82$0.7713.0%10.194
$122.00Jul 170.800.96$0.8818.2%250.27763
$120.00Jul 240.911.01$0.9610.4%20.22--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 56 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Jul 104.506.15$5.3331.0%31.00--
$121.00Jul 103.804.70$4.2521.2%271.00262
$110.00Jul 1714.2516.70$15.4815.8%10.99900
$114.00Jul 1010.4011.90$11.1513.5%30.98--
$105.00Jul 1719.2020.65$19.927.3%30.98394
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 1713.6515.75$14.7014.3%90.94--
$139.00Jul 1712.6514.75$13.7015.3%90.90--
$129.00Jul 103.504.75$4.1330.3%10.89--
$134.00Jul 177.759.75$8.7522.9%10.88--
$128.00Jul 102.573.80$3.1838.7%160.86--

Most actively traded options today. High liquidity = easy entry/exit. 176 active (total vol 7.2K, top 806)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 170.060.20$0.13107.7%4170.054.6K
$130.00Aug 213.553.80$3.686.8%2510.392.7K
$130.00Jul 170.550.64$0.6015.0%2210.205.9K
$135.00Aug 212.112.29$2.208.2%2050.274.6K
$127.00Jul 100.180.39$0.2972.4%2040.20323
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$116.00Aug 71.321.59$1.4618.5%8060.2020
$120.00Aug 213.003.25$3.138.0%7140.33738
$110.00Aug 210.721.00$0.8632.6%6010.121.4K
$123.00Jul 100.110.73$0.42147.6%3810.26286
$116.00Aug 140.832.40$1.6296.9%2320.212

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 69.0%, max 299.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$115.00Jul 10Aug 21118.6%32.3%266.7%6410
$114.00Jul 10Aug 14112.3%33.6%234.5%41
$131.00Jul 10Jul 3178.6%28.4%176.8%18111
$140.00Jul 10Aug 2183.9%32.9%154.7%532.7K
$135.00Jul 10Aug 2170.6%33.0%114.0%2144.8K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$118.00Jul 10Aug 7137.1%34.3%299.3%7--
$111.00Jul 10Jul 3185.2%32.1%165.4%31239
$117.00Jul 10Aug 781.2%33.9%139.3%19--
$119.00Jul 10Jul 3153.6%27.6%94.0%2053
$129.00Jul 10Jul 3155.1%28.8%91.5%35

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 104 found (best R:R 35.36, avg 3.52)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$139.00$150.00Aug 7$0.43$10.57$0.4324.58$139.43
$140.00$150.00Aug 21$0.69$9.31$0.6913.49$140.69
$132.00$133.00Jul 24$0.11$0.89$0.118.09$132.11
$133.00$135.00Jul 24$0.27$1.73$0.276.41$133.27
$129.00$130.00Jul 10$0.16$0.84$0.165.25$129.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$117.00$113.00Jul 10$0.11$3.89$0.1135.36$116.89
$112.00$110.00Jul 17$0.16$1.84$0.1611.50$111.84
$110.00$105.00Aug 21$0.43$4.57$0.4310.63$109.57
$115.00$108.00Aug 7$0.68$6.32$0.689.29$114.32
$118.00$116.00Jul 31$0.20$1.80$0.209.00$117.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 123 found (best R:R 10.76, avg 1.19)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$121.00$123.00Jul 10$1.83$1.83$0.1710.76$122.83
$115.00$120.00Jul 17$4.47$4.47$0.538.43$119.47
$105.00$110.00Jul 17$4.44$4.44$0.567.93$109.44
$123.00$124.00Jul 10$0.88$0.88$0.127.33$123.88
$114.00$115.00Jul 10$0.80$0.80$0.204.00$114.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$118.00$117.00Jul 10$0.87$0.87$0.136.69$117.13
$129.00$128.00Jul 31$0.82$0.82$0.184.56$128.18
$134.00$130.00Jul 17$3.22$3.22$0.784.13$130.78
$128.00$127.00Jul 10$0.80$0.80$0.204.00$127.20
$132.00$130.00Jul 31$1.43$1.43$0.572.51$130.57

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.70, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$135.00Jul 10Jul 17$0.1170.6%31.7%
$131.00Jul 10Jul 17$0.1478.6%29.1%
$140.00Jul 10Jul 17$0.1483.9%44.4%
$150.00Jul 17Aug 7$0.3142.8%39.2%
$132.00Jul 10Jul 17$0.3353.3%31.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$117.00Jul 10Jul 17$0.1281.2%33.7%
$111.00Jul 10Jul 31$0.2585.2%32.1%
$119.00Jul 10Jul 17$0.3353.6%31.1%
$115.00Jul 17Jul 31$0.3936.6%30.1%
$114.00Jul 24Jul 31$0.4330.9%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 1.47% of stock, avg 5.95%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$125.00Jul 10$0.77$1.07$1.84$123.16$126.841.47%
$126.00Jul 10$0.51$1.47$1.98$124.02$127.981.58%
$124.00Jul 10$1.54$0.59$2.13$121.87$126.131.70%
$127.00Jul 10$0.29$2.38$2.67$124.33$129.672.13%
$123.00Jul 10$2.42$0.42$2.84$120.16$125.842.27%
$128.00Jul 10$0.20$3.18$3.38$124.62$131.382.70%
$125.00Jul 17$2.20$2.01$4.21$120.79$129.213.37%
$124.00Jul 17$2.72$1.55$4.27$119.73$128.273.41%
$126.00Jul 17$1.73$2.56$4.29$121.71$130.293.43%
$121.00Jul 10$4.25$0.05$4.30$116.70$125.303.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.26% of stock, avg 3.10%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$129.00$122.00Jul 10$0.19$0.14$0.33$121.67$129.33
$128.00$122.00Jul 10$0.20$0.14$0.34$121.66$128.34
$127.00$122.00Jul 10$0.29$0.14$0.43$121.57$127.43
$129.00$123.00Jul 10$0.19$0.42$0.61$122.39$129.61
$128.00$123.00Jul 10$0.20$0.42$0.62$122.38$128.62
$126.00$122.00Jul 10$0.51$0.14$0.65$121.35$126.65
$127.00$123.00Jul 10$0.29$0.42$0.71$122.29$127.71
$129.00$124.00Jul 10$0.19$0.59$0.78$123.22$129.78
$128.00$124.00Jul 10$0.20$0.59$0.79$123.21$128.79
$127.00$124.00Jul 10$0.29$0.59$0.88$123.12$127.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 279 found (best R:R 12.51, avg credit $1.13)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
110/112115/120Jul 17$4.63$0.3712.51$107.37$119.63
126/128133/135Jul 31$1.83$0.1710.76$126.17$134.83
120/121122/123Jul 17$0.90$0.109.00$120.10$122.90
119/120125/126Jul 31$0.89$0.118.09$119.11$125.89
122/123125/126Jul 24$0.87$0.136.69$122.13$125.87
126/127128/129Jul 24$0.87$0.136.69$126.13$128.87
126/127129/130Jul 24$0.87$0.136.69$126.13$129.87
119/120127/128Jul 31$0.86$0.146.14$119.14$127.86
116/117128/129Aug 7$0.86$0.146.14$116.14$128.86
111/114119/123Jul 31$3.41$0.595.78$110.59$122.41

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 53 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$127.00$128.00$129.00Jul 17$0.06$0.9415.67
$126.00$127.00$128.00Jul 17$0.07$0.9313.29
$131.00$132.00$133.00Jul 24$0.07$0.9313.29
$127.00$128.00$129.00Jul 10$0.08$0.9211.50
$125.00$126.00$127.00Jul 17$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$118.00$119.00$120.00Jul 17$0.06$0.9415.67
$121.00$122.00$123.00Jul 17$0.06$0.9415.67
$123.00$124.00$125.00Jul 17$0.08$0.9211.50
$126.00$127.00$128.00Jul 17$0.08$0.9211.50
$105.00$110.00$115.00Aug 21$0.42$4.5810.90

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 98 found (best net $-0.80, 82 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$140.001:2Jul 10$0.00$5.00
$140.00$145.001:2Jul 17-$0.05$4.95
$135.00$140.001:2Aug 21-$0.30$4.70
$130.00$135.001:2Aug 21-$0.72$4.28
$136.00$140.001:2Jul 17-$0.20$3.80
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$132.00$125.001:2Aug 14-$0.80$6.20
$110.00$105.001:2Aug 21$0.00$5.00
$115.00$110.001:2Aug 21-$0.01$4.99
$110.00$105.001:2Jul 17-$0.11$4.89
$120.00$115.001:2Aug 21-$0.29$4.71

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 3.56%, avg 1.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$126.00Aug 7$4.450.490.7%3.56%4.30%4--
$127.00Aug 7$4.000.461.5%3.20%4.74%2--
$127.00Aug 14$3.950.481.5%3.16%4.70%3--
$128.00Aug 7$3.550.432.3%2.84%5.18%5669
$130.00Aug 21$3.550.393.9%2.84%6.78%2512.7K
$126.00Jul 31$2.810.470.7%2.25%2.99%419
$130.00Aug 14$2.780.383.9%2.22%6.16%14
$129.00Aug 7$2.650.393.1%2.12%5.26%1--
$127.00Jul 31$2.530.431.5%2.02%3.57%1--
$130.00Aug 7$2.430.363.9%1.94%5.88%334

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 4,919
Total Puts 5,527
Put/Call Ratio 1.12
Net Difference -608

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 85,559
Total Puts 32,132
Average Put/Call Ratio 0.41
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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