Tour v334
MRK
MERCK & CO. INC.
$120.78 -2.62%
$120.90 (+0.10%)🌙
as of 07/14 07:11 PM
(7/13 18:46) ◀
|
Tuesday, July 14, 2026 (7:11pm)
January 2026
|
▶ (7/15 18:53)
◀ 7/14 19:11 ▶

Option Volume

Detail
ℹ
Current (07/14) 17,213
Calls: 11,664 (68%)
Puts: 5,549 (32%)
Prior (07/13) 15,263
Calls: 10,770 (71%)
Puts: 4,493 (29%)
Current vs Prior +12.78%
Calls: +8.30% (Calls)
Puts: +23.50% (Puts)
Prior 7-Day Total 118,147
Calls: 86,837 (73%)
Puts: 31,310 (27%)
Prior 7-Day Average 16,878
Calls: 12,405 (73%)
Puts: 4,472 (27%)
Current vs Prior 7-Day Avg +1.98%
Calls: -5.98%
Puts: +24.06%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/14) $5.57M
Calls: $3.82M (69%)
Puts: $1.75M (31%)
Prior (07/13) $4.21M
Calls: $3.25M (77%)
Puts: $959.3K (23%)
Current vs Prior +32.42%
Calls: +17.61%
Puts: +82.56%
Prior 7-Day Total $42.45M
Calls: $32.41M (76%)
Puts: $10.04M (24%)
Prior 7-Day Average $6.06M
Calls: $4.63M (76%)
Puts: $1.43M (24%)
Current vs Prior 7-Day Avg -8.15%
Calls: -17.53%
Puts: +22.13%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/14) 0.48
Prior (07/13) 0.42
Current vs Prior +14.04%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg +2.20%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/14) 266,185
Calls: 166,903 (63%)
Puts: 99,282 (37%)
Prior (07/13) 227,516
Calls: 138,733 (61%)
Puts: 88,783 (39%)
Current vs Prior +17.00%
Prior 7-Day Total 1,617,903
Calls: 972,793 (60%)
Puts: 645,110 (40%)
Prior 7-Day Average 231,129
Calls: 138,970 (60%)
Puts: 92,158 (40%)
Current vs Prior 7-Day Avg +15.17%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 3.04% | 4.45%3.04% | 10.79%
Prior 2.96% | 4.41%2.96% | 10.77%
Current vs Prior +2.69% | +1.00%+2.69% | +0.15%
Prior 7-Day Avg 2.83% | 4.90%4.27% | 10.95%
Current vs 7-Day Avg +7.29% | -9.00%-28.90% | -1.45%
Prior 7-Day Eod 2.96% | 4.41%2.96% | 10.77%
Current vs 7-Day Eod +2.69% | +1.00%+2.69% | +0.15%
Sentiment BEARISHBEARISH

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

Moderately bullish flow with 69% call dollar volume ($3.82M). Extreme bullish P/C ratio of 0.48 - heavy call buying (11,664 calls vs 5,549 puts). Call-heavy open interest (166,903 calls vs 99,282 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 27 of results (avg 6.8%, best 3.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 215.705.90$5.803.4%3560.55962
$119.00Aug 75.455.70$5.584.5%50.606
$135.00Aug 211.051.10$1.084.6%3030.164.8K
$119.00Jul 314.154.35$4.254.7%190.61206
$122.00Aug 73.954.15$4.054.9%60.4918
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 217.107.35$7.233.5%550.60288
$120.00Aug 214.404.60$4.504.4%2280.451.5K
$124.00Aug 75.856.15$6.005.0%20.595
$122.00Aug 74.704.95$4.835.2%30.517
$110.00Aug 211.311.39$1.355.9%3280.181.9K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.78, cheapest $0.53)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Aug 210.490.58$0.5317.0%1590.095.0K
$125.00Jul 240.871.03$0.9516.8%350.26121
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Aug 210.600.72$0.6618.2%690.101.4K
$117.00Jul 240.881.06$0.9718.6%170.2618

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 67 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1714.7516.25$15.509.7%400.99386
$110.00Jul 179.7511.25$10.5014.3%80.99874
$102.00Jul 1717.9019.70$18.809.6%10.98--
$103.00Jul 1716.8018.80$17.8011.2%70.98--
$107.00Jul 1712.8514.20$13.5210.0%10.98--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 178.8510.00$9.4312.2%221.00396
$135.00Jul 1713.7015.10$14.409.7%51.008
$140.00Jul 1718.5020.20$19.358.8%11.00--
$142.00Jul 1719.8522.20$21.0311.2%31.00--
$129.00Jul 177.609.15$8.3818.5%10.99--

Most actively traded options today. High liquidity = easy entry/exit. 195 active (total vol 10.2K, top 766)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$113.00Jul 247.558.85$8.2015.9%7660.9223
$114.00Jul 246.557.85$7.2018.1%7660.872
$130.00Jul 170.030.06$0.0560.0%5810.035.5K
$125.00Jul 170.250.31$0.2821.4%5360.157.4K
$130.00Aug 211.832.03$1.9310.4%4780.263.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$119.00Jul 241.421.88$1.6527.9%6150.3718
$120.00Jul 170.911.13$1.0221.6%4240.392.3K
$119.00Jul 170.580.92$0.7545.3%3900.3053
$110.00Aug 211.311.39$1.355.9%3280.181.9K
$120.00Aug 214.404.60$4.504.4%2280.451.5K

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 35.2%, max 146.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$140.00Jul 17Aug 2869.2%32.8%110.7%41.1K
$135.00Jul 17Aug 2152.5%33.3%57.6%4319.1K
$110.00Jul 17Aug 2150.0%33.8%47.8%211.6K
$132.00Jul 17Aug 1447.4%33.3%42.4%27368
$129.00Jul 17Aug 742.9%34.3%25.0%23117
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$100.00Jul 17Aug 2189.5%36.3%146.5%362.6K
$105.00Jul 17Aug 2170.7%35.2%100.8%701.4K
$107.00Jul 24Aug 766.0%38.1%73.4%2--
$135.00Jul 17Jul 3152.5%31.2%68.3%1013
$110.00Jul 17Aug 2850.0%32.9%52.1%9--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 106 found (best R:R 13.29, avg 3.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$133.00$135.00Aug 14$0.14$1.86$0.1413.29$133.14
$132.00$134.00Aug 7$0.18$1.82$0.1810.11$132.18
$123.00$124.00Jul 17$0.11$0.89$0.118.09$123.11
$127.00$128.00Jul 24$0.11$0.89$0.118.09$127.11
$135.00$137.00Aug 7$0.22$1.78$0.228.09$135.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$107.00Aug 7$0.22$2.78$0.2212.64$109.78
$105.00$100.00Aug 21$0.37$4.63$0.3712.51$104.63
$115.00$114.00Jul 24$0.12$0.88$0.127.33$114.88
$116.00$115.00Jul 24$0.13$0.87$0.136.69$115.87
$110.00$105.00Aug 21$0.69$4.31$0.696.25$109.31

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 129 found (best R:R 12.16, avg 1.23)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$110.00$115.00Jul 17$4.62$4.62$0.3812.16$114.62
$115.00$116.00Jul 31$0.88$0.88$0.127.33$115.88
$114.00$118.00Jul 24$3.30$3.30$0.704.71$117.30
$111.00$113.00Jul 24$1.62$1.62$0.384.26$112.62
$116.00$117.00Jul 17$0.80$0.80$0.204.00$116.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$125.00$124.00Jul 17$0.90$0.90$0.109.00$124.10
$135.00$130.00Jul 31$4.48$4.48$0.528.62$130.52
$126.00$125.00Jul 17$0.83$0.83$0.174.88$125.17
$125.00$124.00Jul 24$0.80$0.80$0.204.00$124.20
$123.00$122.00Aug 7$0.80$0.80$0.204.00$122.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 41 found (avg debit $0.63, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$132.00Jul 17Jul 24$0.0947.4%32.1%
$133.00Jul 24Jul 31$0.1032.0%28.0%
$130.00Jul 17Jul 24$0.1941.1%31.7%
$129.00Jul 17Jul 24$0.2042.9%30.8%
$140.00Jul 17Jul 24$0.2969.2%57.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$126.00Jul 17Jul 24$0.0734.0%30.7%
$129.00Jul 17Jul 31$0.1042.9%31.1%
$113.00Jul 17Jul 24$0.1543.4%29.5%
$110.00Jul 17Jul 24$0.1750.0%37.5%
$100.00Jul 17Aug 21$0.2689.5%36.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 57 found (cheapest 2.54% of stock, avg 6.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$120.00Jul 17$2.05$1.02$3.07$116.93$123.072.54%
$122.00Jul 17$0.97$2.20$3.17$118.83$125.172.62%
$121.00Jul 17$1.66$1.62$3.28$117.72$124.282.72%
$119.00Jul 17$2.63$0.75$3.38$115.62$122.382.80%
$123.00Jul 17$0.72$2.88$3.60$119.40$126.602.98%
$118.00Jul 17$3.43$0.51$3.94$114.06$121.943.26%
$124.00Jul 17$0.61$3.65$4.26$119.74$128.263.53%
$117.00Jul 17$4.15$0.35$4.50$112.50$121.503.73%
$121.00Jul 24$2.37$2.42$4.79$116.21$125.793.97%
$125.00Jul 17$0.28$4.55$4.83$120.17$129.834.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 146 found (cheapest 0.42% of stock, avg 3.47%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$126.00$117.00Jul 17$0.16$0.35$0.51$116.49$126.51
$125.00$117.00Jul 17$0.28$0.35$0.63$116.37$125.63
$126.00$118.00Jul 17$0.16$0.51$0.67$117.33$126.67
$125.00$118.00Jul 17$0.28$0.51$0.79$117.21$125.79
$126.00$119.00Jul 17$0.16$0.75$0.91$118.09$126.91
$124.00$117.00Jul 17$0.61$0.35$0.96$116.04$124.96
$125.00$119.00Jul 17$0.28$0.75$1.03$117.97$126.03
$123.00$117.00Jul 17$0.72$0.35$1.07$115.93$124.07
$124.00$118.00Jul 17$0.61$0.51$1.12$116.88$125.12
$126.00$120.00Jul 17$0.16$1.02$1.18$118.82$127.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 207 found (best R:R 9.00, avg credit $1.13)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
119/120121/122Aug 7$0.90$0.109.00$119.10$121.90
118/119127/128Aug 7$0.89$0.118.09$118.11$127.89
116/117120/121Jul 24$0.88$0.127.33$116.12$120.88
116/117121/122Jul 31$0.88$0.127.33$116.12$121.88
120/121122/123Jul 31$0.88$0.127.33$120.12$122.88
116/117118/119Jul 31$0.87$0.136.69$116.13$118.87
115/116121/122Jul 31$0.86$0.146.14$115.14$121.86
122/123124/125Jul 31$0.86$0.146.14$122.14$124.86
113/114119/120Jul 24$0.85$0.155.67$113.15$119.85
115/116118/119Jul 31$0.85$0.155.67$115.15$118.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 53 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$119.00$120.00$121.00Jul 24$0.05$0.9519.00
$125.00$126.00$127.00Jul 24$0.05$0.9519.00
$130.00$131.00$132.00Aug 7$0.06$0.9415.67
$130.00$135.00$140.00Aug 21$0.30$4.7015.67
$126.00$127.00$128.00Jul 24$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$100.00$105.00$110.00Aug 21$0.32$4.6814.62
$116.00$117.00$118.00Jul 24$0.07$0.9313.29
$122.00$123.00$124.00Jul 31$0.07$0.9313.29
$117.00$118.00$119.00Jul 17$0.08$0.9211.50
$118.00$119.00$120.00Jul 24$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. 93 found (best net $-0.03, 85 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$130.00$135.001:2Aug 21-$0.23$4.77
$125.00$130.001:2Aug 21-$0.28$4.72
$135.00$140.001:2Jul 24-$0.31$4.69
$135.00$139.001:2Jul 17$0.00$4.00
$110.00$115.001:2Jul 17-$1.26$3.74
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$105.00$100.001:2Jul 17-$0.03$4.97
$115.00$110.001:2Aug 21-$0.14$4.86
$115.00$110.001:2Aug 28-$0.25$4.75
$120.00$115.001:2Aug 21-$0.62$4.38
$129.00$124.001:2Jul 31-$1.12$3.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 4.06%, avg 1.21%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$121.00Aug 28$4.900.510.2%4.06%4.24%2--
$121.00Aug 14$4.300.500.2%3.56%3.74%16
$121.00Aug 7$4.200.530.2%3.48%3.66%31
$122.00Aug 7$3.950.491.0%3.27%4.28%618
$123.00Aug 7$3.500.461.8%2.90%4.74%4--
$125.00Aug 21$3.450.403.5%2.86%6.35%1813.3K
$121.00Jul 31$3.000.510.2%2.48%2.67%338
$125.00Aug 14$2.650.383.5%2.19%5.69%2--
$125.00Aug 7$2.610.393.5%2.16%5.65%3104
$124.00Aug 7$2.480.412.7%2.05%4.72%2039

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 11,664
Total Puts 5,549
Put/Call Ratio 0.48
Net Difference 6,115

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 86,837
Total Puts 31,310
Average Put/Call Ratio 0.47
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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