Tour v344
MRK
MERCK & CO. INC.
$127.63 +3.25%
$128.45 (+0.64%)🌙
as of 07/16 06:45 PM
(7/15 18:53) ◀
|
Thursday, July 16, 2026 (6:45pm)
January 2026
|
▶ (7/17 18:59)
◀ 7/16 18:45 ▶

Option Volume

Detail
ℹ
Current (07/16) 29,687
Calls: 21,203 (71%)
Puts: 8,484 (29%)
Prior (07/15) 13,841
Calls: 8,798 (64%)
Puts: 5,043 (36%)
Current vs Prior +114.49%
Calls: +141.00% (Calls)
Puts: +68.23% (Puts)
Prior 7-Day Total 115,468
Calls: 83,059 (72%)
Puts: 32,409 (28%)
Prior 7-Day Average 16,495
Calls: 11,865 (72%)
Puts: 4,629 (28%)
Current vs Prior 7-Day Avg +79.97%
Calls: +78.69%
Puts: +83.25%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/16) $9.31M
Calls: $7.21M (77%)
Puts: $2.10M (23%)
Prior (07/15) $4.78M
Calls: $3.62M (76%)
Puts: $1.15M (24%)
Current vs Prior +94.92%
Calls: +98.89%
Puts: +82.45%
Prior 7-Day Total $38.05M
Calls: $29.34M (77%)
Puts: $8.71M (23%)
Prior 7-Day Average $5.44M
Calls: $4.19M (77%)
Puts: $1.24M (23%)
Current vs Prior 7-Day Avg +71.31%
Calls: +71.96%
Puts: +69.10%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/16) 0.40
Prior (07/15) 0.57
Current vs Prior -30.19%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg -19.88%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/16) 279,650
Calls: 182,852 (65%)
Puts: 96,798 (35%)
Prior (07/15) 248,086
Calls: 136,133 (55%)
Puts: 111,953 (45%)
Current vs Prior +12.72%
Prior 7-Day Total 1,668,642
Calls: 1,003,587 (60%)
Puts: 665,055 (40%)
Prior 7-Day Average 238,377
Calls: 143,369 (60%)
Puts: 95,007 (40%)
Current vs Prior 7-Day Avg +17.31%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 1.83% | 3.71%1.83% | 10.26%
Prior 2.52% | 3.88%2.52% | 10.40%
Current vs Prior -27.36% | -4.36%-27.36% | -1.27%
Prior 7-Day Avg 2.68% | 4.40%3.62% | 10.87%
Current vs 7-Day Avg -31.48% | -15.64%-49.39% | -5.58%
Prior 7-Day Eod 2.52% | 3.88%2.52% | 10.40%
Current vs 7-Day Eod -27.36% | -4.36%-27.36% | -1.27%
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 ($7.21M) vs puts ($2.10M). Elevated premium activity with dollar volume up 95% vs prior. Dollar volume significantly above 7-day average (71% higher). Unusually high activity with volume up 114% vs prior - elevated interest.

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 NEUTRAL
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 37 of results (avg 7.8%, best 2.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 216.807.00$6.902.9%2030.604.0K
$130.00Aug 214.254.50$4.385.7%8350.463.8K
$125.00Aug 75.856.20$6.035.8%380.61127
$134.00Aug 71.912.03$1.976.1%140.29269
$127.00Aug 74.755.05$4.906.1%50.5397
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 216.106.30$6.203.2%390.55179
$125.00Aug 213.653.85$3.755.3%800.40290
$120.00Aug 212.032.20$2.128.0%1.0K0.262.3K
$128.00Jul 242.142.33$2.248.5%40.5248
$129.00Jul 313.353.65$3.508.6%20.56--

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 77 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$108.00Jul 1718.6520.55$19.609.7%41.001
$116.00Jul 1710.6512.35$11.5014.8%81.001.2K
$118.00Jul 178.5510.30$9.4318.6%71.0061
$120.00Jul 176.808.00$7.4016.2%851.004.3K
$118.00Jul 248.9010.50$9.7016.5%20.96--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$133.00Jul 245.006.55$5.7826.8%20.84--
$132.00Jul 244.155.65$4.9030.6%20.78176
$129.00Jul 171.142.52$1.8375.4%4590.7241
$135.00Aug 148.259.85$9.0517.7%10.71--
$132.00Aug 76.307.00$6.6510.5%120.64--

Most actively traded options today. High liquidity = easy entry/exit. 218 active (total vol 20.6K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$128.00Jul 170.740.91$0.8320.5%2.4K0.44238
$130.00Jul 170.150.25$0.2050.0%2.2K0.165.5K
$127.00Jul 242.392.61$2.508.8%1.0K0.56123
$125.00Jul 172.623.10$2.8616.8%8640.817.0K
$130.00Aug 214.254.50$4.385.7%8350.463.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 212.032.20$2.128.0%1.0K0.262.3K
$110.00Aug 210.440.60$0.5230.8%7020.082.3K
$124.00Aug 72.472.96$2.7218.0%5050.3611
$120.00Jul 310.420.64$0.5341.5%4610.14180
$129.00Jul 171.142.52$1.8375.4%4590.7241

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 43 strikes (avg 130.5%, max 537.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$110.00Jul 17Aug 21206.6%35.0%490.4%301.6K
$114.00Jul 17Aug 14219.6%37.9%479.1%525
$115.00Jul 17Aug 21135.4%34.4%293.4%762.9K
$117.00Jul 17Jul 3193.0%29.6%213.9%10120
$145.00Jul 17Aug 2891.4%32.0%185.9%12--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 17Aug 21232.5%36.5%537.6%1254.0K
$110.00Jul 17Aug 28206.6%33.5%516.9%272.6K
$115.00Jul 17Aug 28135.4%32.0%322.7%8--
$116.00Jul 17Jul 31100.6%33.0%204.6%241
$117.00Jul 17Aug 793.0%36.4%155.6%12189

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 124 found (best R:R 49.00, avg 3.99)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$145.00Jul 31$0.10$4.90$0.1049.00$140.10
$145.00$150.00Aug 7$0.16$4.84$0.1630.25$145.16
$145.00$150.00Aug 21$0.37$4.63$0.3712.51$145.37
$140.00$145.00Aug 7$0.43$4.57$0.4310.63$140.43
$134.00$135.00Aug 28$0.10$0.90$0.109.00$134.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Jul 17$0.15$4.85$0.1532.33$109.85
$118.00$116.00Jul 31$0.10$1.90$0.1019.00$117.90
$112.00$105.00Aug 7$0.38$6.62$0.3817.42$111.62
$110.00$105.00Aug 21$0.28$4.72$0.2816.86$109.72
$119.00$118.00Jul 24$0.10$0.90$0.109.00$118.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 145 found (best R:R 19.00, avg 1.19)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$117.00$120.00Jul 31$2.85$2.85$0.1519.00$119.85
$110.00$115.00Aug 21$4.32$4.32$0.686.35$114.32
$121.00$122.00Jul 17$0.85$0.85$0.155.67$121.85
$126.00$127.00Jul 17$0.81$0.81$0.194.26$126.81
$114.00$120.00Aug 14$4.85$4.85$1.154.22$118.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$133.00$132.00Jul 24$0.88$0.88$0.127.33$132.12
$132.00$129.00Jul 24$2.13$2.13$0.872.45$129.87
$135.00$129.00Aug 14$3.95$3.95$2.051.93$131.05
$129.00$128.00Jul 17$0.62$0.62$0.381.63$128.38
$128.00$127.00Jul 17$0.58$0.58$0.421.38$127.42

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 44 found (avg debit $0.59, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 17Jul 24$0.0682.7%34.0%
$137.00Jul 17Jul 24$0.0967.8%29.2%
$145.00Jul 17Jul 24$0.1091.4%45.9%
$119.00Jul 17Jul 24$0.1581.4%32.4%
$135.00Jul 17Jul 24$0.1654.3%27.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$118.00Jul 17Jul 24$0.0864.6%30.3%
$110.00Jul 17Aug 21$0.10206.6%35.0%
$119.00Jul 17Jul 24$0.1081.4%32.4%
$122.00Jul 17Jul 24$0.1074.0%28.2%
$120.00Jul 17Jul 24$0.2057.1%30.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 55 found (cheapest 1.38% of stock, avg 6.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Jul 17$1.13$0.63$1.76$125.24$128.761.38%
$128.00Jul 17$0.83$1.21$2.04$125.96$130.041.60%
$129.00Jul 17$0.42$1.83$2.25$126.75$131.251.76%
$126.00Jul 17$1.94$0.53$2.47$123.53$128.471.94%
$125.00Jul 17$2.86$0.32$3.18$121.82$128.182.49%
$124.00Jul 17$3.65$0.18$3.83$120.17$127.833.00%
$128.00Jul 24$1.99$2.24$4.23$123.77$132.233.31%
$127.00Jul 24$2.50$1.74$4.24$122.76$131.243.32%
$129.00Jul 24$1.50$2.77$4.27$124.73$133.273.35%
$126.00Jul 24$3.13$1.32$4.45$121.55$130.453.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.21% of stock, avg 3.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$131.00$124.00Jul 17$0.09$0.18$0.27$123.73$131.27
$132.00$124.00Jul 17$0.09$0.18$0.27$123.73$132.27
$131.00$123.00Jul 17$0.09$0.25$0.34$122.66$131.34
$132.00$123.00Jul 17$0.09$0.25$0.34$122.66$132.34
$130.00$124.00Jul 17$0.20$0.18$0.38$123.62$130.38
$131.00$125.00Jul 17$0.09$0.32$0.41$124.59$131.41
$132.00$125.00Jul 17$0.09$0.32$0.41$124.59$132.41
$130.00$123.00Jul 17$0.20$0.25$0.45$122.55$130.45
$130.00$125.00Jul 17$0.20$0.32$0.52$124.48$130.52
$129.00$124.00Jul 17$0.42$0.18$0.60$123.40$129.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 189 found (best R:R 9.00, avg credit $1.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
122/123124/125Jul 24$0.90$0.109.00$122.10$124.90
110/112123/125Aug 28$1.77$0.237.70$110.23$124.77
121/122124/125Jul 31$0.88$0.127.33$121.12$124.88
125/126127/128Jul 31$0.87$0.136.69$125.13$127.87
126/128130/132Aug 14$1.73$0.276.41$126.27$131.73
117/118124/125Aug 7$0.85$0.155.67$117.15$124.85
124/126130/132Aug 14$1.69$0.315.45$124.31$131.69
120/121124/125Jul 31$0.84$0.165.25$120.16$124.84
105/110115/120Aug 21$4.18$0.825.10$105.82$119.18
124/125127/128Jul 31$0.83$0.174.88$124.17$127.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 69 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$130.00$132.00$134.00Aug 14$0.10$1.9019.00
$140.00$145.00$150.00Aug 7$0.27$4.7317.52
$136.00$137.00$138.00Jul 24$0.06$0.9415.67
$136.00$138.00$140.00Aug 7$0.12$1.8815.67
$140.00$145.00$150.00Aug 21$0.31$4.6915.13
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$123.00$124.00$125.00Jul 31$0.05$0.9519.00
$110.00$115.00$120.00Aug 21$0.34$4.6613.71
$124.00$125.00$126.00Jul 17$0.07$0.9313.29
$125.00$126.00$127.00Jul 31$0.07$0.9313.29
$105.00$110.00$115.00Aug 21$0.35$4.6513.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 95 found (best net $-0.93, 82 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$145.001:2Aug 21-$0.02$4.98
$140.00$145.001:2Jul 31-$0.03$4.97
$140.00$145.001:2Aug 28-$0.18$4.82
$135.00$140.001:2Aug 21-$0.24$4.76
$130.00$135.001:2Aug 21-$0.66$4.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$112.00$106.001:2Jul 31-$0.93$5.07
$124.00$119.001:2Aug 14-$0.11$4.89
$110.00$105.001:2Jul 17-$0.12$4.88
$135.00$129.001:2Aug 14-$1.15$4.85
$120.00$115.001:2Aug 21-$0.18$4.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 3.33%, avg 1.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Aug 21$4.250.461.9%3.33%5.19%8353.8K
$128.00Aug 14$4.150.500.3%3.25%3.54%85
$130.00Aug 28$4.100.451.9%3.21%5.07%312
$128.00Aug 7$3.800.500.3%2.98%3.27%542
$129.00Aug 7$3.750.461.1%2.94%4.01%2830
$129.00Aug 14$3.750.471.1%2.94%4.01%62
$130.00Aug 14$3.750.441.9%2.94%4.80%2537
$131.00Aug 28$3.700.422.6%2.90%5.54%1--
$130.00Aug 7$3.300.431.9%2.59%4.44%4789
$132.00Aug 14$2.930.383.4%2.30%5.72%138272

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 21,203
Total Puts 8,484
Put/Call Ratio 0.40
Net Difference 12,719

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 83,059
Total Puts 32,409
Average Put/Call Ratio 0.50
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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