Tour v346
MRK
MERCK & CO. INC.
$127.50 -0.10%
$127.03 (-0.37%)🌙
as of 07/17 06:59 PM
(7/16 18:45) ◀
|
Friday, July 17, 2026 (6:59pm)
January 2026
|
▶
◀ 7/17 18:59

Option Volume

Detail
ℹ
Current (07/17) 29,506
Calls: 25,099 (85%)
Puts: 4,407 (15%)
Prior (07/16) 29,687
Calls: 21,203 (71%)
Puts: 8,484 (29%)
Current vs Prior -0.61%
Calls: +18.37% (Calls)
Puts: -48.06% (Puts)
Prior 7-Day Total 123,427
Calls: 86,111 (70%)
Puts: 37,316 (30%)
Prior 7-Day Average 17,632
Calls: 12,301 (70%)
Puts: 5,330 (30%)
Current vs Prior 7-Day Avg +67.34%
Calls: +104.03%
Puts: -17.33%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/17) $8.93M
Calls: $7.61M (85%)
Puts: $1.33M (15%)
Prior (07/16) $9.31M
Calls: $7.21M (77%)
Puts: $2.10M (23%)
Current vs Prior -4.05%
Calls: +5.58%
Puts: -36.99%
Prior 7-Day Total $36.34M
Calls: $26.75M (74%)
Puts: $9.60M (26%)
Prior 7-Day Average $5.19M
Calls: $3.82M (74%)
Puts: $1.37M (26%)
Current vs Prior 7-Day Avg +72.09%
Calls: +99.14%
Puts: -3.27%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/17) 0.18
Prior (07/16) 0.40
Current vs Prior -56.12%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg -66.77%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/17) 286,052
Calls: 194,052 (68%)
Puts: 92,000 (32%)
Prior (07/16) 279,650
Calls: 182,852 (65%)
Puts: 96,798 (35%)
Current vs Prior +2.29%
Prior 7-Day Total 1,711,171
Calls: 1,044,427 (61%)
Puts: 666,744 (39%)
Prior 7-Day Average 244,453
Calls: 149,203 (61%)
Puts: 95,249 (39%)
Current vs Prior 7-Day Avg +17.02%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 1.00% | 3.44%1.00% | 10.47%
Prior 1.83% | 3.71%1.83% | 10.26%
Current vs Prior +87.37% | +29.67%-45.67% | +2.01%
Prior 7-Day Avg 2.56% | 4.12%3.08% | 10.74%
Current vs 7-Day Avg +34.45% | +16.79%-67.61% | -2.54%
Prior 7-Day Eod 1.83% | 3.71%1.83% | 10.26%
Current vs 7-Day Eod +87.37% | +29.67%-45.67% | +2.01%
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 85% of dollar volume in calls ($7.61M) vs puts ($1.33M). Dollar volume significantly above 7-day average (72% higher). Extreme bullish P/C ratio of 0.18 - heavy call buying (25,099 calls vs 4,407 puts). P/C ratio dropping 56% - sentiment shifting bullish.

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 55 of results (avg 7.2%, best 3.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 214.254.40$4.333.5%7230.453.7K
$120.00Aug 219.8510.25$10.054.0%290.741.1K
$127.00Aug 74.654.85$4.754.2%30.5399
$135.00Aug 212.492.60$2.554.3%5430.314.9K
$125.00Aug 216.757.05$6.904.3%2930.603.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 216.356.55$6.453.1%1290.55195
$129.00Jul 242.702.84$2.775.1%130.6115
$131.00Aug 76.106.45$6.285.6%40.61--
$135.00Aug 78.709.20$8.955.6%10.74--
$125.00Aug 213.854.10$3.976.3%1020.40335

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.73, cheapest $0.52)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Jul 240.480.57$0.5217.3%3290.1969
$131.00Jul 240.650.73$0.6911.6%2920.24557
$130.00Jul 240.931.04$0.9911.1%3660.31660
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Aug 210.480.55$0.5213.5%260.082.5K
$125.00Jul 240.840.98$0.9115.4%780.3093

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 95 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 1721.6023.65$22.639.1%41.00--
$108.00Jul 1718.4520.60$19.5211.0%21.002
$110.00Jul 1716.4017.85$17.138.5%1661.00871
$113.00Jul 1713.7016.20$14.9516.7%31.00--
$115.00Jul 1712.1013.00$12.557.2%3281.002.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$132.00Jul 173.405.20$4.3041.9%20.99--
$130.00Jul 172.153.20$2.6839.2%810.97229
$134.00Jul 175.407.45$6.4331.9%40.94--
$131.00Jul 172.904.25$3.5837.7%170.93--
$145.00Jul 2415.8018.30$17.0514.7%10.93--

Most actively traded options today. High liquidity = easy entry/exit. 245 active (total vol 21.8K, top 3.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Jul 170.000.03$0.02150.0%3.4K0.035.0K
$135.00Jul 240.180.28$0.2343.5%1.6K0.09309
$116.00Jul 1710.9011.85$11.388.3%1.2K0.841.2K
$133.00Jul 170.000.01$0.01100.0%1.2K0.01433
$132.00Jul 170.000.01$0.01100.0%9510.01126
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 212.152.31$2.237.2%6050.263.0K
$129.00Jul 171.172.10$1.6456.7%2610.87448
$125.00Jul 311.561.75$1.6611.4%2210.3545
$126.00Jul 241.181.31$1.2510.4%1370.3742
$120.00Jul 240.080.21$0.1492.9%1300.06394

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 45 strikes (avg 976.5%, max 3719.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$117.00Jul 17Aug 281210.0%31.7%3719.1%106119
$116.00Jul 17Aug 71289.0%36.9%3392.2%1.2K1.2K
$119.00Jul 17Jul 241050.4%32.9%3088.8%4--
$137.00Jul 17Aug 141070.9%34.5%3005.5%3010
$110.00Jul 17Aug 21696.4%35.1%1883.4%1811.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$119.00Jul 17Aug 281050.4%29.6%3448.6%11--
$105.00Jul 17Aug 28895.9%37.4%2298.1%48--
$110.00Jul 17Aug 28696.4%31.7%2099.7%2--
$121.00Jul 17Aug 14468.1%32.9%1322.2%26393
$134.00Jul 17Aug 7433.6%36.6%1085.5%5--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 134 found (best R:R 49.00, avg 3.27)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$140.00$150.00Aug 7$0.41$9.59$0.4123.39$140.41
$145.00$150.00Aug 21$0.33$4.67$0.3314.15$145.33
$134.00$135.00Jul 17$0.10$0.90$0.109.00$134.10
$133.00$134.00Jul 31$0.11$0.89$0.118.09$133.11
$137.00$138.00Aug 7$0.12$0.88$0.127.33$137.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$110.00$105.00Aug 28$0.10$4.90$0.1049.00$109.90
$110.00$105.00Aug 21$0.27$4.73$0.2717.52$109.73
$117.00$114.00Aug 7$0.20$2.80$0.2014.00$116.80
$120.00$119.00Aug 7$0.10$0.90$0.109.00$119.90
$119.00$110.00Jul 17$1.06$7.94$1.067.49$117.94

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 162 found (best R:R 11.00, avg 1.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$105.00$107.00Jul 17$1.80$1.80$0.209.00$106.80
$115.00$118.00Jul 24$2.70$2.70$0.309.00$117.70
$110.00$115.00Aug 21$4.22$4.22$0.785.41$114.22
$126.00$127.00Jul 17$0.81$0.81$0.194.26$126.81
$103.00$104.00Jul 17$0.80$0.80$0.204.00$103.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$145.00$133.00Jul 24$11.00$11.00$1.0011.00$134.00
$129.00$128.00Jul 17$0.90$0.90$0.109.00$128.10
$131.00$130.00Jul 17$0.90$0.90$0.109.00$130.10
$140.00$139.00Aug 7$0.87$0.87$0.136.69$139.13
$139.00$135.00Aug 7$3.18$3.18$0.823.88$135.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $0.67, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 17Jul 24$0.06525.6%36.1%
$139.00Jul 24Jul 31$0.0940.0%30.8%
$120.00Jul 17Jul 24$0.10333.5%29.1%
$136.00Jul 17Jul 24$0.12472.3%32.0%
$134.00Jul 17Jul 24$0.17433.6%29.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$121.00Jul 17Jul 24$0.10468.1%29.4%
$105.00Jul 17Jul 31$0.12895.9%52.0%
$120.00Jul 17Jul 24$0.13333.5%29.1%
$118.00Jul 24Jul 31$0.1933.4%29.7%
$122.00Jul 17Jul 24$0.27289.0%27.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 0.49% of stock, avg 6.65%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$127.00Jul 17$0.53$0.09$0.62$126.38$127.620.49%
$128.00Jul 17$0.09$0.74$0.83$127.17$128.830.65%
$126.00Jul 17$1.34$0.03$1.37$124.63$127.371.07%
$129.00Jul 17$0.10$1.64$1.74$127.26$130.741.36%
$125.00Jul 17$2.35$0.04$2.39$122.61$127.391.87%
$130.00Jul 17$0.02$2.68$2.70$127.30$132.702.12%
$131.00Jul 17$0.07$3.58$3.65$127.35$134.652.86%
$127.00Jul 24$2.21$1.69$3.90$123.10$130.903.06%
$128.00Jul 24$1.74$2.17$3.91$124.09$131.913.07%
$126.00Jul 24$2.83$1.25$4.08$121.92$130.083.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.08% of stock, avg 3.47%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$131.00$126.00Jul 17$0.07$0.03$0.10$125.90$131.10
$128.00$126.00Jul 17$0.09$0.03$0.12$125.88$128.12
$131.00$125.00Jul 17$0.07$0.04$0.11$124.89$131.11
$128.00$125.00Jul 17$0.09$0.04$0.13$124.87$128.13
$129.00$126.00Jul 17$0.10$0.03$0.13$125.87$129.13
$129.00$125.00Jul 17$0.10$0.04$0.14$124.86$129.14
$134.00$126.00Jul 17$0.11$0.03$0.14$125.86$134.14
$134.00$125.00Jul 17$0.11$0.04$0.15$124.85$134.15
$131.00$127.00Jul 17$0.07$0.09$0.16$126.84$131.16
$128.00$127.00Jul 17$0.09$0.09$0.18$126.82$128.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 219 found (best R:R 9.00, avg credit $1.22)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
122/123124/125Jul 24$0.90$0.109.00$122.10$124.90
122/123124/125Aug 7$0.89$0.118.09$122.11$124.89
129/130132/133Aug 14$0.89$0.118.09$129.11$132.89
124/125129/130Jul 31$0.88$0.127.33$124.12$129.88
120/121129/130Aug 7$0.88$0.127.33$120.12$129.88
130/131132/133Aug 28$0.88$0.127.33$130.12$132.88
124/125126/127Jul 24$0.87$0.136.69$124.13$126.87
113/114125/126Aug 7$0.87$0.136.69$113.13$125.87
121/122126/127Jul 31$0.86$0.146.14$121.14$126.86
118/119124/125Aug 7$0.86$0.146.14$118.14$124.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 88 found (best R:R 21.73, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$110.00$115.00$120.00Aug 21$0.22$4.7821.73
$127.00$128.00$129.00Jul 24$0.05$0.9519.00
$124.00$125.00$126.00Aug 7$0.05$0.9519.00
$131.00$132.00$133.00Jul 17$0.06$0.9415.67
$131.00$132.00$133.00Jul 31$0.06$0.9415.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$122.00$123.00$124.00Jul 24$0.06$0.9415.67
$115.00$116.00$117.00Jul 31$0.06$0.9415.67
$122.00$123.00$124.00Jul 31$0.06$0.9415.67
$125.00$126.00$127.00Jul 17$0.07$0.9313.29
$129.00$130.00$131.00Jul 24$0.07$0.9313.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 99 found (best net $-0.14, 81 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$117.00$125.001:2Aug 28-$1.70$6.30
$140.00$145.001:2Aug 21-$0.01$4.99
$145.00$150.001:2Aug 21-$0.05$4.95
$140.00$145.001:2Aug 28-$0.10$4.90
$135.00$140.001:2Aug 21-$0.27$4.73
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$115.00$105.001:2Jul 31-$0.14$9.86
$110.00$105.001:2Jul 17-$0.01$4.99
$120.00$115.001:2Aug 21-$0.07$4.93
$110.00$105.001:2Aug 28-$0.33$4.67
$125.00$120.001:2Aug 21-$0.49$4.51

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 3.92%, avg 1.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$128.00Aug 28$5.000.500.4%3.92%4.31%63
$129.00Aug 28$4.600.471.2%3.61%4.78%10--
$130.00Aug 21$4.250.452.0%3.33%5.29%7233.7K
$130.00Aug 28$4.250.442.0%3.33%5.29%1213
$128.00Aug 14$4.100.490.4%3.22%3.61%3611
$128.00Aug 7$3.900.500.4%3.06%3.45%7942
$131.00Aug 28$3.750.412.8%2.94%5.69%40--
$129.00Aug 7$3.700.461.2%2.90%4.08%639
$129.00Aug 14$3.600.461.2%2.82%4.00%17
$130.00Aug 14$3.600.432.0%2.82%4.78%1--

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 25,099
Total Puts 4,407
Put/Call Ratio 0.18
Net Difference 20,692

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 86,111
Total Puts 37,316
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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