Tour v325
MRK
MERCK & CO. INC.
$124.03 +0.40%
$123.75 (-0.23%)🌙
as of 07/13 06:46 PM
(7/10 18:48) ◀
|
Monday, July 13, 2026 (6:46pm)
January 2026
|
▶ (7/14 19:11)
◀ 7/13 18:46 ▶

Option Volume

Detail
ℹ
Current (07/13) 15,263
Calls: 10,770 (71%)
Puts: 4,493 (29%)
Prior (07/10) 22,935
Calls: 19,648 (86%)
Puts: 3,287 (14%)
Current vs Prior -33.45%
Calls: -45.19% (Calls)
Puts: +36.69% (Puts)
Prior 7-Day Total 112,214
Calls: 82,302 (73%)
Puts: 29,912 (27%)
Prior 7-Day Average 16,030
Calls: 11,757 (73%)
Puts: 4,273 (27%)
Current vs Prior 7-Day Avg -4.79%
Calls: -8.40%
Puts: +5.15%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/13) $4.21M
Calls: $3.25M (77%)
Puts: $959.3K (23%)
Prior (07/10) $5.25M
Calls: $4.27M (81%)
Puts: $980.6K (19%)
Current vs Prior -19.94%
Calls: -24.02%
Puts: -2.17%
Prior 7-Day Total $42.36M
Calls: $31.98M (75%)
Puts: $10.38M (25%)
Prior 7-Day Average $6.05M
Calls: $4.57M (75%)
Puts: $1.48M (25%)
Current vs Prior 7-Day Avg -30.49%
Calls: -28.92%
Puts: -35.32%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/13) 0.42
Prior (07/10) 0.17
Current vs Prior +149.37%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg -12.49%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/13) 227,516
Calls: 138,733 (61%)
Puts: 88,783 (39%)
Prior (07/10) 224,794
Calls: 132,046 (59%)
Puts: 92,748 (41%)
Current vs Prior +1.21%
Prior 7-Day Total 1,642,993
Calls: 992,220 (60%)
Puts: 650,773 (40%)
Prior 7-Day Average 234,713
Calls: 141,745 (60%)
Puts: 92,967 (40%)
Current vs Prior 7-Day Avg -3.07%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.96% | 4.41%2.96% | 10.77%
Prior 3.29% | 4.52%3.29% | 10.67%
Current vs Prior -9.96% | -2.36%-9.96% | +0.97%
Prior 7-Day Avg 2.70% | 4.84%4.54% | 10.98%
Current vs 7-Day Avg +9.55% | -8.87%-34.77% | -1.91%
Prior 7-Day Eod 3.29% | 4.52%3.29% | 10.67%
Current vs 7-Day Eod -9.96% | -2.36%-9.96% | +0.97%
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

Strong bullish conviction with 77% of dollar volume in calls ($3.25M) vs puts ($959.3K). Extreme bullish P/C ratio of 0.42 - heavy call buying (10,770 calls vs 4,493 puts). P/C ratio rising 149% - increased hedging/bearish positioning. Call-heavy open interest (138,733 calls vs 88,783 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 24 of results (avg 7.2%, best 4.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 214.955.15$5.054.0%850.493.3K
$120.00Aug 217.607.95$7.784.5%550.64954
$130.00Aug 212.953.10$3.035.0%1.7K0.353.2K
$135.00Aug 211.671.76$1.725.2%7790.234.7K
$121.00Jul 244.204.45$4.335.8%10.70548
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 215.455.70$5.584.5%120.51289
$126.00Jul 243.403.60$3.505.7%20.62--
$125.00Aug 74.705.00$4.856.2%20.52--
$125.00Jul 242.853.05$2.956.8%40.56--
$120.00Aug 213.153.40$3.287.6%2190.361.4K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.78, cheapest $0.54)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$127.00Jul 170.490.59$0.5418.5%840.23160
$126.00Jul 170.760.86$0.8112.3%1620.32241
$128.00Jul 240.901.08$0.9918.2%70.27148
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 43 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1718.3519.80$19.087.6%31.00--
$110.00Jul 1713.3015.20$14.2513.3%331.00895
$100.00Aug 1422.7025.80$24.2512.8%20.95--
$115.00Jul 178.909.45$9.186.0%1670.952.7K
$115.00Jul 248.2010.20$9.2021.7%10.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 179.5512.15$10.8524.0%10.96--
$135.00Jul 319.8512.50$11.1823.7%50.92--
$130.00Jul 175.706.90$6.3019.0%20.91396
$140.00Aug 715.2017.70$16.4515.2%10.88--
$135.00Aug 710.4012.90$11.6521.5%10.82--

Most actively traded options today. High liquidity = easy entry/exit. 150 active (total vol 10.9K, top 1.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 212.953.10$3.035.0%1.7K0.353.2K
$140.00Aug 210.751.00$0.8828.4%1.5K0.143.5K
$130.00Jul 170.150.22$0.1936.8%7790.095.9K
$135.00Aug 211.671.76$1.725.2%7790.234.7K
$125.00Jul 171.101.27$1.1914.3%7360.417.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$115.00Jul 240.010.28$0.15180.0%5530.0627
$110.00Aug 210.730.96$0.8527.1%3390.121.6K
$123.00Jul 171.061.19$1.1311.5%2450.40389
$120.00Aug 213.153.40$3.287.6%2190.361.4K
$121.00Jul 170.390.61$0.5044.0%1630.22101

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 24 strikes (avg 26.4%, max 104.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 17Aug 2153.4%33.0%61.8%451.7K
$145.00Jul 24Aug 2150.6%32.8%54.4%261.0K
$135.00Jul 17Aug 2146.4%33.1%40.3%9328.9K
$115.00Jul 17Aug 2143.8%32.6%34.3%1793.2K
$100.00Aug 14Aug 2146.7%37.6%24.1%6--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 17Aug 2171.1%34.8%104.6%235.4K
$110.00Jul 17Aug 2153.4%33.0%61.8%3544.3K
$100.00Jul 24Aug 2160.4%37.6%60.7%4534
$135.00Jul 17Aug 2146.4%33.1%40.3%665
$117.00Jul 17Jul 2440.5%29.5%37.4%815

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 92 found (best R:R 99.00, avg 4.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$135.00$145.00Jul 31$0.10$9.90$0.1099.00$135.10
$135.00$138.00Aug 7$0.13$2.87$0.1322.08$135.13
$133.00$135.00Jul 24$0.14$1.86$0.1413.29$133.14
$132.00$134.00Jul 31$0.15$1.85$0.1512.33$132.15
$140.00$145.00Aug 21$0.43$4.57$0.4310.63$140.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$105.00$100.00Aug 21$0.19$4.81$0.1925.32$104.81
$113.00$100.00Aug 14$0.65$12.35$0.6519.00$112.35
$105.00$100.00Jul 31$0.26$4.74$0.2618.23$104.74
$115.00$110.00Jul 31$0.29$4.71$0.2916.24$114.71
$110.00$105.00Aug 21$0.44$4.56$0.4410.36$109.56

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 113 found (best R:R 28.41, avg 1.76)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$110.00Jul 17$4.83$4.83$0.1728.41$109.83
$100.00$110.00Aug 21$9.28$9.28$0.7212.89$109.28
$119.00$120.00Jul 17$0.87$0.87$0.136.69$119.87
$124.00$125.00Aug 14$0.85$0.85$0.155.67$124.85
$115.00$121.00Jul 24$4.87$4.87$1.134.31$119.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$135.00Aug 7$4.80$4.80$0.2024.00$135.20
$130.00$127.00Jul 17$2.83$2.83$0.1716.65$127.17
$135.00$130.00Jul 17$4.55$4.55$0.4510.11$130.45
$135.00$125.00Jul 31$7.50$7.50$2.503.00$127.50
$126.00$125.00Jul 17$0.73$0.73$0.272.70$125.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 34 found (avg debit $0.60, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Jul 24Jul 31$0.0650.6%41.3%
$100.00Aug 14Aug 21$0.1346.7%37.6%
$135.00Jul 17Jul 24$0.1446.4%33.7%
$132.00Jul 17Jul 24$0.2436.7%29.3%
$131.00Jul 17Jul 24$0.2737.1%29.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$130.00Jul 17Jul 24$0.1034.1%29.0%
$116.00Jul 17Jul 24$0.2037.6%29.7%
$117.00Jul 17Jul 24$0.2040.5%29.5%
$118.00Jul 17Jul 24$0.2834.5%27.3%
$135.00Jul 17Jul 31$0.3346.4%27.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 41 found (cheapest 2.60% of stock, avg 7.46%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$124.00Jul 17$1.62$1.60$3.22$120.78$127.222.60%
$125.00Jul 17$1.19$2.05$3.24$121.76$128.242.61%
$123.00Jul 17$2.17$1.13$3.30$119.70$126.302.66%
$126.00Jul 17$0.81$2.78$3.59$122.41$129.592.89%
$122.00Jul 17$2.82$0.80$3.62$118.38$125.622.92%
$127.00Jul 17$0.54$3.47$4.01$122.99$131.013.23%
$121.00Jul 17$3.63$0.50$4.13$116.87$125.133.33%
$120.00Jul 17$4.38$0.37$4.75$115.25$124.753.83%
$123.00Jul 24$3.00$1.93$4.93$118.07$127.933.97%
$124.00Jul 24$2.52$2.43$4.95$119.05$128.953.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.49% of stock, avg 3.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$129.00$120.00Jul 17$0.24$0.37$0.61$119.39$129.61
$128.00$120.00Jul 17$0.35$0.37$0.72$119.28$128.72
$129.00$121.00Jul 17$0.24$0.50$0.74$120.26$129.74
$128.00$121.00Jul 17$0.35$0.50$0.85$120.15$128.85
$145.00$105.00Aug 21$0.45$0.41$0.86$104.14$145.86
$127.00$120.00Jul 17$0.54$0.37$0.91$119.09$127.91
$127.00$121.00Jul 17$0.54$0.50$1.04$119.96$128.04
$129.00$122.00Jul 17$0.24$0.80$1.04$120.96$130.04
$128.00$122.00Jul 17$0.35$0.80$1.15$120.85$129.15
$126.00$120.00Jul 17$0.81$0.37$1.18$118.82$127.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 251 found (best R:R 9.00, avg credit $1.15)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
119/120128/129Aug 7$0.90$0.109.00$119.10$128.90
123/124127/128Aug 7$0.90$0.109.00$123.10$127.90
119/120126/127Aug 7$0.89$0.118.09$119.11$126.89
125/126127/128Jul 24$0.88$0.127.33$125.12$127.88
114/115125/126Aug 7$0.88$0.127.33$114.12$125.88
105/110115/120Aug 21$4.39$0.617.20$105.61$119.39
116/117120/121Jul 17$0.86$0.146.14$116.14$120.86
118/119120/121Jul 17$0.86$0.146.14$118.14$120.86
114/115127/128Aug 7$0.86$0.146.14$114.14$127.86
121/122123/124Jul 17$0.85$0.155.67$121.15$123.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 41 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$124.00$125.00$126.00Jul 17$0.05$0.9519.00
$124.00$125.00$126.00Jul 24$0.05$0.9519.00
$128.00$129.00$130.00Jul 17$0.06$0.9415.67
$127.00$128.00$129.00Jul 24$0.07$0.9313.29
$126.00$127.00$128.00Jul 17$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$100.00$105.00$110.00Aug 21$0.25$4.7519.00
$118.00$119.00$120.00Jul 31$0.06$0.9415.67
$125.00$130.00$135.00Aug 21$0.31$4.6915.13
$105.00$110.00$115.00Aug 21$0.50$4.509.00
$110.00$115.00$120.00Aug 21$0.55$4.458.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 91 found (best net $-0.03, 82 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$145.001:2Jul 31-$0.13$9.87
$139.00$145.001:2Jul 24-$0.18$5.82
$140.00$145.001:2Aug 21-$0.02$4.98
$135.00$140.001:2Aug 21-$0.04$4.96
$130.00$135.001:2Aug 21-$0.41$4.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$100.001:2Jul 24-$0.03$14.97
$105.00$100.001:2Aug 21-$0.03$4.97
$110.00$105.001:2Jul 17-$0.05$4.95
$115.00$110.001:2Jul 31-$0.09$4.91
$120.00$115.001:2Aug 21-$0.30$4.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 3.99%, avg 1.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$125.00Aug 21$4.950.490.8%3.99%4.77%853.3K
$125.00Aug 14$4.100.500.8%3.31%4.09%35
$125.00Aug 7$3.750.480.8%3.02%3.81%45--
$126.00Aug 14$3.700.471.6%2.98%4.57%1--
$126.00Aug 7$3.500.451.6%2.82%4.41%1--
$127.00Aug 14$3.400.442.4%2.74%5.14%53198
$127.00Aug 7$3.050.412.4%2.46%4.85%5--
$130.00Aug 21$2.950.354.8%2.38%7.19%1.7K3.2K
$128.00Aug 7$2.640.383.2%2.13%5.33%1--
$125.00Jul 31$2.290.470.8%1.85%2.63%26387

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 10,770
Total Puts 4,493
Put/Call Ratio 0.42
Net Difference 6,277

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 82,302
Total Puts 29,912
Average Put/Call Ratio 0.48
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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