Tour v340
MRK
MERCK & CO. INC.
$123.61 +2.34%
$124.00 (+0.32%)🌙
as of 07/15 06:53 PM
(7/14 19:11) ◀
|
Wednesday, July 15, 2026 (6:53pm)
January 2026
|
▶ (7/16 18:45)
◀ 7/15 18:53 ▶

Option Volume

Detail
ℹ
Current (07/15) 13,841
Calls: 8,798 (64%)
Puts: 5,043 (36%)
Prior (07/14) 17,213
Calls: 11,664 (68%)
Puts: 5,549 (32%)
Current vs Prior -19.59%
Calls: -24.57% (Calls)
Puts: -9.12% (Puts)
Prior 7-Day Total 117,565
Calls: 84,795 (72%)
Puts: 32,770 (28%)
Prior 7-Day Average 16,795
Calls: 12,113 (72%)
Puts: 4,681 (28%)
Current vs Prior 7-Day Avg -17.59%
Calls: -27.37%
Puts: +7.72%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/15) $4.78M
Calls: $3.62M (76%)
Puts: $1.15M (24%)
Prior (07/14) $5.57M
Calls: $3.82M (69%)
Puts: $1.75M (31%)
Current vs Prior -14.24%
Calls: -5.12%
Puts: -34.13%
Prior 7-Day Total $42.58M
Calls: $31.39M (74%)
Puts: $11.19M (26%)
Prior 7-Day Average $6.08M
Calls: $4.48M (74%)
Puts: $1.60M (26%)
Current vs Prior 7-Day Avg -21.47%
Calls: -19.21%
Puts: -27.83%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/15) 0.57
Prior (07/14) 0.48
Current vs Prior +20.49%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +16.79%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/15) 248,086
Calls: 136,133 (55%)
Puts: 111,953 (45%)
Prior (07/14) 266,185
Calls: 166,903 (63%)
Puts: 99,282 (37%)
Current vs Prior -6.80%
Prior 7-Day Total 1,663,523
Calls: 1,005,728 (60%)
Puts: 657,795 (40%)
Prior 7-Day Average 237,646
Calls: 143,675 (60%)
Puts: 93,970 (40%)
Current vs Prior 7-Day Avg +4.39%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.52% | 3.88%2.52% | 10.40%
Prior 3.04% | 4.45%3.04% | 10.79%
Current vs Prior -16.93% | -12.82%-16.93% | -3.64%
Prior 7-Day Avg 2.76% | 4.68%4.10% | 10.92%
Current vs 7-Day Avg -8.55% | -17.07%-38.39% | -4.84%
Prior 7-Day Eod 3.04% | 4.45%3.04% | 10.79%
Current vs 7-Day Eod -16.93% | -12.82%-16.93% | -3.64%
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 76% of dollar volume in calls ($3.62M) vs puts ($1.15M). Bullish P/C ratio of 0.57.

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 NEUTRAL
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 28 of results (avg 7.8%, best 2.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 217.207.40$7.302.7%280.631.1K
$125.00Aug 214.504.65$4.583.3%9950.483.3K
$110.00Aug 2114.2515.10$14.685.8%100.86773
$130.00Aug 212.572.73$2.656.0%6710.333.8K
$123.00Aug 74.554.85$4.706.4%70.5414
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 215.405.70$5.555.4%100.52291
$124.00Aug 74.204.45$4.335.8%40.507
$120.00Aug 213.203.40$3.306.1%1.1K0.371.5K
$115.00Aug 211.701.85$1.788.4%3470.231.2K
$121.00Aug 72.873.15$3.019.3%380.3913

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.86, cheapest $0.86)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$127.00Jul 240.770.94$0.8619.8%790.2750
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 46 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1717.6519.20$18.428.4%21.00387
$107.00Jul 1715.5017.90$16.7014.4%11.00--
$110.00Jul 1712.5514.65$13.6015.4%31.00871
$115.00Jul 177.909.05$8.4813.6%1141.002.6K
$116.00Jul 176.608.65$7.6326.9%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 1715.1517.70$16.4315.5%11.00--
$139.00Jul 1714.1516.70$15.4316.5%10.95--
$135.00Aug 2111.1512.95$12.0514.9%40.79--
$125.00Jul 171.932.54$2.2427.2%220.691.9K
$125.00Jul 242.583.05$2.8216.7%70.6065

Most actively traded options today. High liquidity = easy entry/exit. 147 active (total vol 10.0K, top 1.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 214.504.65$4.583.3%9950.483.3K
$125.00Jul 170.430.72$0.5750.9%9510.317.1K
$130.00Aug 212.572.73$2.656.0%6710.333.8K
$124.00Jul 170.781.25$1.0246.1%5820.44336
$135.00Aug 211.341.50$1.4211.3%3630.214.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 213.203.40$3.306.1%1.1K0.371.5K
$120.00Jul 170.170.27$0.2245.5%6260.132.3K
$110.00Aug 210.811.04$0.9324.7%5060.132.1K
$115.00Aug 211.701.85$1.788.4%3470.231.2K
$120.00Jul 240.680.84$0.7621.1%2900.2487

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 29 strikes (avg 32.7%, max 154.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 17Aug 2166.3%34.2%93.7%131.6K
$131.00Jul 17Aug 2850.1%31.9%56.9%3--
$135.00Jul 17Aug 2149.8%32.2%54.5%3889.0K
$115.00Jul 17Aug 2145.0%32.5%38.4%1263.0K
$145.00Aug 7Aug 2142.1%33.4%25.9%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$100.00Jul 17Aug 21101.5%40.0%154.1%28.1K
$105.00Jul 17Aug 2185.7%35.8%139.2%185.4K
$118.00Jul 17Aug 1450.9%32.0%59.2%137--
$115.00Jul 17Aug 2145.0%32.5%38.4%3713.6K
$122.00Jul 17Jul 3135.6%27.0%31.9%24917

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 93 found (best R:R 28.41, avg 3.26)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$145.00Aug 21$0.26$4.74$0.2618.23$140.26
$127.00$128.00Jul 17$0.10$0.90$0.109.00$127.10
$129.00$130.00Jul 31$0.15$0.85$0.155.67$129.15
$135.00$140.00Aug 21$0.75$4.25$0.755.67$135.75
$135.00$137.00Aug 7$0.31$1.69$0.315.45$135.31
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$105.00$100.00Aug 21$0.17$4.83$0.1728.41$104.83
$117.00$108.00Aug 7$0.37$8.63$0.3723.32$116.63
$116.00$112.00Jul 31$0.21$3.79$0.2118.05$115.79
$118.00$105.00Aug 14$0.97$12.03$0.9712.40$117.03
$110.00$105.00Aug 21$0.48$4.52$0.489.42$109.52

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 106 found (best R:R 51.00, avg 1.74)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$100.00$113.00Jul 24$12.75$12.75$0.2551.00$112.75
$114.00$119.00Jul 24$4.60$4.60$0.4011.50$118.60
$116.00$119.00Jul 17$2.73$2.73$0.2710.11$118.73
$115.00$116.00Jul 17$0.85$0.85$0.155.67$115.85
$119.00$120.00Jul 24$0.85$0.85$0.155.67$119.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$139.00$125.00Jul 17$13.19$13.19$0.8116.28$125.81
$125.00$124.00Jul 17$0.72$0.72$0.282.57$124.28
$135.00$125.00Aug 21$6.50$6.50$3.501.86$128.50
$125.00$124.00Aug 28$0.65$0.65$0.351.86$124.35
$125.00$124.00Aug 7$0.55$0.55$0.451.22$124.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $0.70, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$135.00Jul 17Jul 31$0.1949.8%27.6%
$130.00Jul 17Jul 24$0.3138.5%28.5%
$119.00Jul 17Jul 24$0.3541.3%27.5%
$129.00Jul 17Jul 24$0.3634.4%26.7%
$131.00Jul 17Jul 24$0.4050.1%34.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$115.00Jul 17Jul 24$0.1345.0%29.6%
$118.00Jul 17Jul 24$0.1950.9%28.6%
$116.00Jul 24Jul 31$0.1933.8%28.8%
$100.00Jul 17Aug 21$0.27101.5%40.0%
$117.00Jul 17Jul 24$0.3341.8%31.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 31 found (cheapest 2.05% of stock, avg 6.10%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$124.00Jul 17$1.02$1.52$2.54$121.46$126.542.05%
$123.00Jul 17$1.60$0.98$2.58$120.42$125.582.09%
$125.00Jul 17$0.57$2.24$2.81$122.19$127.812.27%
$122.00Jul 17$2.32$0.66$2.98$119.02$124.982.41%
$121.00Jul 17$2.83$0.39$3.22$117.78$124.222.60%
$120.00Jul 17$3.75$0.22$3.97$116.03$123.973.21%
$123.00Jul 24$2.49$1.80$4.29$118.71$127.293.47%
$125.00Jul 24$1.52$2.82$4.34$120.66$129.343.51%
$122.00Jul 24$3.02$1.38$4.40$117.60$126.403.56%
$121.00Jul 24$3.68$1.05$4.73$116.27$125.733.83%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 143 found (cheapest 0.28% of stock, avg 2.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$128.00$120.00Jul 17$0.12$0.22$0.34$119.66$128.34
$128.00$118.00Jul 17$0.12$0.24$0.36$117.64$128.36
$127.00$120.00Jul 17$0.22$0.22$0.44$119.56$127.44
$127.00$118.00Jul 17$0.22$0.24$0.46$117.54$127.46
$128.00$121.00Jul 17$0.12$0.39$0.51$120.49$128.51
$126.00$120.00Jul 17$0.39$0.22$0.61$119.39$126.61
$127.00$121.00Jul 17$0.22$0.39$0.61$120.39$127.61
$126.00$118.00Jul 17$0.39$0.24$0.63$117.37$126.63
$126.00$121.00Jul 17$0.39$0.39$0.78$120.22$126.78
$128.00$122.00Jul 17$0.12$0.66$0.78$121.22$128.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 172 found (best R:R 13.04, avg credit $1.32)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
105/108111/119Aug 7$7.43$0.5713.04$100.57$118.43
117/118122/123Jul 17$0.90$0.109.00$117.10$122.90
120/121122/123Jul 17$0.89$0.118.09$120.11$122.89
118/119120/121Aug 7$0.88$0.127.33$118.12$120.88
120/121123/124Aug 7$0.88$0.127.33$120.12$123.88
118/120126/128Aug 14$1.76$0.247.33$118.24$127.76
115/116121/122Jul 24$0.87$0.136.69$115.13$121.87
119/120121/122Jul 24$0.87$0.136.69$119.13$121.87
121/122125/126Jul 31$0.87$0.136.69$121.13$125.87
120/121124/125Aug 7$0.87$0.136.69$120.13$124.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 51 found (best R:R 27.57, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$129.00$130.00$131.00Jul 17$0.05$0.9519.00
$120.00$121.00$122.00Jul 24$0.06$0.9415.67
$126.00$127.00$128.00Jul 17$0.07$0.9313.29
$128.00$129.00$130.00Jul 17$0.07$0.9313.29
$124.00$125.00$126.00Jul 24$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$116.00$118.00$120.00Jul 31$0.07$1.9327.57
$121.00$122.00$123.00Jul 17$0.05$0.9519.00
$119.00$120.00$121.00Aug 7$0.06$0.9415.67
$100.00$105.00$110.00Aug 21$0.31$4.6915.13
$105.00$110.00$115.00Aug 21$0.37$4.6312.51

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 85 found (best net $-0.21, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$111.00$119.001:2Aug 7-$0.32$7.68
$138.00$145.001:2Aug 7-$0.36$6.64
$140.00$145.001:2Aug 21-$0.15$4.85
$130.00$135.001:2Aug 21-$0.19$4.81
$114.00$119.001:2Jul 24-$0.65$4.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$118.00$105.001:2Aug 14-$0.21$12.79
$117.00$108.001:2Aug 7-$0.94$8.06
$115.00$108.001:2Jul 17$0.00$7.00
$105.00$100.001:2Jul 17-$0.01$4.99
$115.00$110.001:2Aug 21-$0.08$4.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 4.09%, avg 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$124.00Aug 28$5.050.510.3%4.09%4.40%1--
$125.00Aug 21$4.500.481.1%3.64%4.76%9953.3K
$124.00Aug 14$4.100.510.3%3.32%3.63%49
$124.00Aug 7$4.050.500.3%3.28%3.59%451
$125.00Aug 14$3.950.471.1%3.20%4.32%386
$125.00Aug 7$3.600.471.1%2.91%4.04%39104
$127.00Aug 28$3.500.422.7%2.83%5.57%1--
$126.00Aug 14$3.200.451.9%2.59%4.52%2--
$126.00Aug 7$3.100.431.9%2.51%4.44%2--
$130.00Aug 21$2.570.335.2%2.08%7.25%6713.8K

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 8,798
Total Puts 5,043
Put/Call Ratio 0.57
Net Difference 3,755

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 84,795
Total Puts 32,770
Average Put/Call Ratio 0.49
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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