Tour v309
MRK
MERCK & CO. INC.
$123.54 -1.22%
$124.00 (+0.37%)🌙
as of 07/10 06:48 PM
(7/9 18:47) ◀
|
Friday, July 10, 2026 (6:48pm)
January 2026
|
▶ (7/13 18:46)
◀ 7/10 18:48 ▶

Option Volume

Detail
ℹ
Current (07/10) 22,935
Calls: 19,648 (86%)
Puts: 3,287 (14%)
Prior (07/09) 10,446
Calls: 4,919 (47%)
Puts: 5,527 (53%)
Current vs Prior +119.56%
Calls: +299.43% (Calls)
Puts: -40.53% (Puts)
Prior 7-Day Total 104,392
Calls: 72,594 (70%)
Puts: 31,798 (30%)
Prior 7-Day Average 14,913
Calls: 10,370 (70%)
Puts: 4,542 (30%)
Current vs Prior 7-Day Avg +53.79%
Calls: +89.46%
Puts: -27.64%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/10) $5.25M
Calls: $4.27M (81%)
Puts: $980.6K (19%)
Prior (07/09) $3.16M
Calls: $1.77M (56%)
Puts: $1.39M (44%)
Current vs Prior +66.49%
Calls: +141.42%
Puts: -29.23%
Prior 7-Day Total $45.31M
Calls: $34.30M (76%)
Puts: $11.01M (24%)
Prior 7-Day Average $6.47M
Calls: $4.90M (76%)
Puts: $1.57M (24%)
Current vs Prior 7-Day Avg -18.83%
Calls: -12.79%
Puts: -37.63%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/10) 0.17
Prior (07/09) 1.12
Current vs Prior -85.11%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg -68.27%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/10) 224,794
Calls: 132,046 (59%)
Puts: 92,748 (41%)
Prior (07/09) 234,352
Calls: 136,314 (58%)
Puts: 98,038 (42%)
Current vs Prior -4.08%
Prior 7-Day Total 1,685,079
Calls: 1,012,024 (60%)
Puts: 673,055 (40%)
Prior 7-Day Average 240,725
Calls: 144,574 (60%)
Puts: 96,150 (40%)
Current vs Prior 7-Day Avg -6.62%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 0.95% | 3.29%3.29% | 10.67%
Prior 1.79% | 3.81%3.81% | 11.08%
Current vs Prior +83.49% | +18.68%-13.65% | -3.73%
Prior 7-Day Avg 2.56% | 4.75%4.85% | 11.06%
Current vs 7-Day Avg +28.56% | -4.87%-32.22% | -3.54%
Prior 7-Day Eod 1.79% | 3.81%-- | --
Current vs 7-Day Eod +83.49% | +18.68%-- | --
Sentiment BEARISHBULLISH

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

Strong bullish conviction with 81% of dollar volume in calls ($4.27M) vs puts ($980.6K). Elevated premium activity with dollar volume up 66% vs prior. Unusually high activity with volume up 120% vs prior - elevated interest. Extreme bullish P/C ratio of 0.17 - heavy call buying (19,648 calls vs 3,287 puts).

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 29 of results (avg 7.5%, best 3.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 217.307.55$7.433.4%380.63955
$111.00Jul 1012.3012.85$12.584.4%90.859
$125.00Aug 214.654.90$4.785.2%9690.482.9K
$130.00Aug 212.772.95$2.866.3%9220.342.8K
$124.00Aug 74.304.60$4.456.7%10.50--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 215.605.90$5.755.2%80.52287
$120.00Aug 213.353.55$3.455.8%670.371.4K
$125.00Aug 75.005.30$5.155.8%10.53--
$124.00Jul 313.203.40$3.306.1%20.5119
$125.00Jul 313.754.00$3.886.4%90.5640

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.79, cheapest $0.63)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 240.570.69$0.6319.0%320.18684
$126.00Jul 170.760.90$0.8316.9%1220.29221
$140.00Aug 210.851.01$0.9317.2%1.8K0.142.6K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$121.00Jul 170.700.85$0.7719.5%80.2898

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 66 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1717.6519.70$18.6711.0%31.00391
$110.00Jul 1712.7514.70$13.7314.2%81.00--
$102.00Jul 1020.3022.65$21.4810.9%11.00--
$106.00Jul 1016.6018.65$17.6311.6%81.003
$119.00Jul 103.555.05$4.3034.9%10.9941
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$127.00Jul 102.544.40$3.4753.6%31.00--
$128.00Jul 103.705.30$4.5035.6%111.00--
$129.00Jul 105.155.85$5.5012.7%121.00--
$126.00Jul 102.052.86$2.4632.9%260.98118
$125.00Jul 100.881.99$1.4477.1%520.96551

Most actively traded options today. High liquidity = easy entry/exit. 192 active (total vol 14.8K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$136.00Jul 310.001.04$0.52200.0%1.9K0.121.9K
$140.00Aug 210.851.01$0.9317.2%1.8K0.142.6K
$135.00Jul 170.020.18$0.10160.0%1.6K0.044.8K
$125.00Aug 214.654.90$4.785.2%9690.482.9K
$140.00Aug 140.291.33$0.81128.4%9500.136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 172.462.75$2.6111.1%4760.631.6K
$100.00Aug 210.150.52$0.34108.8%1770.052.5K
$124.00Jul 100.200.81$0.51119.6%1710.74236
$123.00Jul 100.000.29$0.14207.1%1400.25556
$120.00Jul 170.490.65$0.5728.1%1390.222.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 41 strikes (avg 1019.5%, max 4470.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$115.00Jul 10Aug 211107.2%31.5%3419.2%58467
$133.00Jul 10Jul 24996.4%31.9%3026.0%8266
$135.00Jul 10Aug 21953.8%32.3%2854.2%3284.8K
$105.00Jul 10Jul 171010.0%48.7%1972.1%13393
$131.00Jul 10Jul 31472.6%28.0%1587.7%5055
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 10Aug 211514.3%33.1%4470.3%211.7K
$112.00Jul 10Jul 311352.9%32.6%4044.3%441
$115.00Jul 10Aug 211107.2%31.5%3419.2%771.2K
$117.00Jul 10Aug 7938.7%33.7%2681.6%392
$106.00Jul 10Aug 7730.8%40.8%1690.0%4--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 95 found (best R:R 32.33, avg 3.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$137.00$140.00Aug 14$0.15$2.85$0.1519.00$137.15
$140.00$145.00Aug 21$0.27$4.73$0.2717.52$140.27
$132.00$135.00Jul 31$0.32$2.68$0.328.38$132.32
$130.00$131.00Jul 17$0.11$0.89$0.118.09$130.11
$130.00$131.00Jul 31$0.12$0.88$0.127.33$130.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$109.00$105.00Jul 31$0.12$3.88$0.1232.33$108.88
$105.00$100.00Aug 21$0.17$4.83$0.1728.41$104.83
$116.00$114.00Jul 31$0.16$1.84$0.1611.50$115.84
$118.00$114.00Jul 24$0.40$3.60$0.409.00$117.60
$110.00$105.00Aug 21$0.51$4.49$0.518.80$109.49

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 112 found (best R:R 13.48, avg 1.20)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$100.00$121.00Jul 24$19.55$19.55$1.4513.48$119.55
$119.00$120.00Jul 17$0.88$0.88$0.127.33$119.88
$120.00$121.00Jul 10$0.86$0.86$0.146.14$120.86
$102.00$103.00Jul 10$0.85$0.85$0.155.67$102.85
$119.00$120.00Jul 31$0.83$0.83$0.174.88$119.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$134.00Aug 7$4.60$4.60$0.4011.50$134.40
$130.00$127.00Jul 24$2.25$2.25$0.753.00$127.75
$134.00$128.00Aug 7$4.37$4.37$1.632.68$129.63
$126.00$125.00Jul 17$0.72$0.72$0.282.57$125.28
$130.00$125.00Aug 21$3.50$3.50$1.502.33$126.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $0.65, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$131.00Jul 10Jul 17$0.06472.6%29.3%
$105.00Jul 10Jul 17$0.071010.0%48.7%
$132.00Jul 10Jul 17$0.07335.6%27.9%
$130.00Jul 10Jul 17$0.26265.3%30.2%
$129.00Jul 10Jul 17$0.35228.9%29.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$105.00Jul 17Jul 31$0.1648.7%39.1%
$114.00Jul 24Jul 31$0.1630.9%28.3%
$119.00Jul 10Jul 17$0.37209.5%26.9%
$118.00Jul 17Jul 24$0.3729.8%27.5%
$129.00Jul 10Jul 17$0.40228.9%29.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 48 found (cheapest 0.53% of stock, avg 5.93%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$124.00Jul 10$0.14$0.51$0.65$123.35$124.650.53%
$123.00Jul 10$0.66$0.14$0.80$122.20$123.800.65%
$125.00Jul 10$0.06$1.44$1.50$123.50$126.501.21%
$122.00Jul 10$1.70$0.20$1.90$120.10$123.901.54%
$121.00Jul 10$2.46$0.03$2.49$118.51$123.492.02%
$126.00Jul 10$0.05$2.46$2.51$123.49$128.512.03%
$123.00Jul 17$2.05$1.39$3.44$119.56$126.442.78%
$127.00Jul 10$0.01$3.47$3.48$123.52$130.482.82%
$124.00Jul 17$1.54$2.01$3.55$120.45$127.552.87%
$125.00Jul 17$1.14$2.61$3.75$121.25$128.753.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.16% of stock, avg 2.70%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$125.00$123.00Jul 10$0.06$0.14$0.20$122.80$125.20
$125.00$122.00Jul 10$0.06$0.20$0.26$121.74$125.26
$124.00$123.00Jul 10$0.14$0.14$0.28$122.72$124.28
$124.00$122.00Jul 10$0.14$0.20$0.34$121.66$124.34
$135.00$123.00Jul 10$0.50$0.14$0.64$122.36$135.64
$135.00$122.00Jul 10$0.50$0.20$0.70$121.30$135.70
$128.00$119.00Jul 17$0.49$0.38$0.87$118.13$128.87
$127.00$119.00Jul 17$0.59$0.38$0.97$118.03$127.97
$133.00$123.00Jul 10$0.85$0.14$0.99$122.01$133.99
$133.00$122.00Jul 10$0.85$0.20$1.05$120.95$134.05

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 234 found (best R:R 11.50, avg credit $1.16)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
108/110113/114Jul 10$1.84$0.1611.50$108.16$114.84
106/108113/114Jul 10$1.78$0.228.09$106.22$114.78
119/120123/124Aug 7$0.89$0.118.09$119.11$123.89
124/125129/130Jul 24$0.88$0.127.33$124.12$129.88
119/120122/123Aug 7$0.88$0.127.33$119.12$122.88
119/120121/122Jul 17$0.87$0.136.69$119.13$121.87
119/120126/127Aug 7$0.87$0.136.69$119.13$126.87
122/123125/126Jul 31$0.86$0.146.14$122.14$125.86
125/130135/140Aug 21$4.23$0.775.49$125.77$139.23
121/122123/124Jul 17$0.84$0.165.25$121.16$123.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 60 found (best R:R 32.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$124.00$125.00$126.00Jul 31$0.05$0.9519.00
$121.00$122.00$123.00Jul 17$0.06$0.9415.67
$124.00$125.00$126.00Jul 10$0.07$0.9313.29
$125.00$126.00$127.00Jul 17$0.07$0.9313.29
$123.00$124.00$125.00Aug 7$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$106.00$108.00$110.00Jul 10$0.06$1.9432.33
$122.00$123.00$124.00Jul 31$0.05$0.9519.00
$100.00$105.00$110.00Aug 21$0.34$4.6613.71
$109.00$110.00$111.00Jul 31$0.07$0.9313.29
$105.00$110.00$115.00Aug 21$0.38$4.6212.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 107 found (best net $-0.48, 93 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$145.001:2Jul 24-$1.14$8.86
$135.00$142.001:2Jul 10-$1.64$5.36
$135.00$140.001:2Jul 17-$0.06$4.94
$135.00$140.001:2Aug 21-$0.20$4.80
$140.00$145.001:2Aug 21-$0.39$4.61
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$100.001:2Jul 24-$0.48$9.52
$110.00$105.001:2Aug 21$0.00$5.00
$110.00$105.001:2Jul 17-$0.01$4.99
$105.00$100.001:2Jul 17-$0.06$4.94
$115.00$110.001:2Aug 21-$0.13$4.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 3.76%, avg 1.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$125.00Aug 21$4.650.481.2%3.76%4.95%9692.9K
$124.00Aug 7$4.300.500.4%3.48%3.85%1--
$125.00Aug 7$3.850.471.2%3.12%4.30%1288
$126.00Aug 14$3.550.442.0%2.87%4.86%1--
$124.00Jul 31$2.940.490.4%2.38%2.75%6--
$126.00Aug 7$2.830.432.0%2.29%4.28%1678
$130.00Aug 21$2.770.345.2%2.24%7.47%9222.8K
$125.00Jul 31$2.500.441.2%2.02%3.21%1285
$129.00Aug 7$2.360.344.4%1.91%6.33%411
$124.00Jul 24$2.250.480.4%1.82%2.19%681

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 19,648
Total Puts 3,287
Put/Call Ratio 0.17
Net Difference 16,361

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 72,594
Total Puts 31,798
Average Put/Call Ratio 0.53
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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