MRK option chain Merck & Co., Inc.
Each row is one strike. The left half is the call, the right half the put. Bid/ask are what buyers and sellers currently quote; volume is contracts traded this session; open interest is standing contracts. The highlighted row sits closest to the stock price.
This expiration prices a move of about ±15.2% (128.53–174.63) · ATM IV 31.6% · P/C open interest 0.94
| CALLS | Strike | PUTS | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Vol | OIThe number of option contracts currently outstanding at a strike or expiration. High open interest shows where positions are concentrated. | IV | ΔModel sensitivity of an option's price to a $1 move in the stock; also used as a rough moneyness scale (a 25-delta option is well out of the money). | Γ | Θ | Bid | Ask | Vol | OI | IV | Δ | Γ | Θ | |
| 70.70 | 73.05 | 1,536 | 52.2% | 0.99 | 0.0005 | 0.000 | 80 | 0.0100 | 0.2500 | 3,908 | 47.1% | -0.01 | 0.0006 | -0.004 | ||
| 65.90 | 68.60 | 2,327 | 55.3% | 0.99 | 0.0007 | 0.000 | 85 | 0.1200 | 0.2900 | 4,396 | 45.9% | -0.01 | 0.0008 | -0.005 | ||
| 60.65 | 63.35 | 1 | 834 | 43.5% | 0.99 | 0.0009 | 0.000 | 90 | 0.0900 | 0.3800 | 4,428 | 42.7% | -0.02 | 0.0010 | -0.006 | |
| 55.95 | 58.75 | 1,702 | 45.6% | 0.98 | 0.0013 | 0.000 | 95 | 0.1600 | 0.4800 | 1 | 2,069 | 40.8% | -0.02 | 0.0014 | -0.007 | |
| 51.30 | 53.75 | 2 | 7,946 | 42.9% | 0.97 | 0.0018 | 0.000 | 100 | 0.2700 | 0.6100 | 3,290 | 39.1% | -0.03 | 0.0019 | -0.009 | |
| 46.25 | 49.15 | 1,832 | 40.1% | 0.96 | 0.0024 | 0.000 | 105 | 0.3900 | 0.8400 | 8 | 4,105 | 37.5% | -0.04 | 0.0026 | -0.011 | |
| 41.40 | 43.55 | 32 | 2,116 | 32.4% | 0.95 | 0.0033 | -0.001 | 110 | 0.6200 | 0.9600 | 4,299 | 35.4% | -0.06 | 0.0035 | -0.013 | |
| 37.15 | 39.65 | 2,527 | 36.7% | 0.93 | 0.0044 | -0.006 | 115 | 1.04 | 1.32 | 3,326 | 34.7% | -0.08 | 0.0046 | -0.017 | ||
| 32.75 | 35.15 | 101 | 5,667 | 35.5% | 0.90 | 0.0058 | -0.011 | 120 | 1.43 | 1.91 | 2,126 | 33.7% | -0.11 | 0.0059 | -0.020 | |
| 28.20 | 30.55 | 2,834 | 32.9% | 0.86 | 0.0073 | -0.017 | 125 | 2.24 | 2.89 | 1,712 | 34.0% | -0.14 | 0.0075 | -0.025 | ||
| 24.05 | 26.75 | 2,244 | 32.6% | 0.82 | 0.0090 | -0.022 | 130 | 3.20 | 3.45 | 5 | 4,058 | 32.5% | -0.19 | 0.0091 | -0.029 | |
| 20.50 | 22.55 | 3,950 | 31.6% | 0.77 | 0.0106 | -0.028 | 135 | 4.05 | 5.20 | 282 | 32.3% | -0.24 | 0.0107 | -0.033 | ||
| 17.20 | 19.40 | 20 | 2,261 | 31.9% | 0.71 | 0.0120 | -0.032 | 140 | 5.75 | 6.30 | 3 | 2,818 | 31.4% | -0.30 | 0.0121 | -0.036 |
| 14.50 | 16.05 | 2,724 | 31.7% | 0.64 | 0.0131 | -0.036 | 145 | 7.45 | 8.60 | 2 | 453 | 31.4% | -0.37 | 0.0132 | -0.038 | |
| 12.00 | 13.30 | 2,898 | 31.7% | 0.57 | 0.0137 | -0.038 | 150 | 9.70 | 11.10 | 228 | 31.5% | -0.44 | 0.0139 | -0.040 | ||
| 9.60 | 10.85 | 1,222 | 31.3% | 0.50 | 0.0140 | -0.040 | 155 | 12.30 | 14.05 | 262 | 31.7% | -0.51 | 0.0141 | -0.039 | ||
| 7.75 | 8.90 | 2 | 702 | 31.4% | 0.44 | 0.0138 | -0.040 | 160 | 15.15 | 17.00 | 109 | 31.3% | -0.57 | 0.0140 | -0.038 | |
| 6.10 | 7.30 | 2,112 | 31.4% | 0.38 | 0.0132 | -0.038 | 165 | 18.40 | 20.80 | 24 | 31.9% | -0.64 | 0.0136 | -0.036 | ||
| 5.25 | 5.70 | 1 | 2,116 | 31.9% | 0.32 | 0.0124 | -0.036 | 170 | 21.95 | 24.30 | 1 | 31.6% | -0.69 | 0.0130 | -0.033 | |
| 3.70 | 4.70 | 5,058 | 31.4% | 0.27 | 0.0114 | -0.034 | 175 | 25.70 | 27.55 | 130 | 30.3% | -0.75 | 0.0122 | -0.030 | ||
| 2.90 | 3.85 | 2,077 | 31.8% | 0.22 | 0.0103 | -0.031 | 180 | 29.90 | 31.90 | 5 | 30.8% | -0.80 | 0.0114 | -0.027 | ||
| 2.25 | 3.20 | 151 | 32.2% | 0.19 | 0.0091 | -0.028 | 185 | 34.15 | 36.75 | 31.9% | -0.84 | 0.0104 | -0.023 | |||
| 1.75 | 2.30 | 246 | 31.8% | 0.15 | 0.0080 | -0.025 | 190 | 38.50 | 41.30 | 31.7% | -0.88 | 0.0093 | -0.019 | |||
| 1.37 | 2.08 | 334 | 32.7% | 0.13 | 0.0070 | -0.022 | 195 | 43.30 | 45.80 | 20 | 31.9% | -0.91 | 0.0080 | -0.014 | ||
| 1.07 | 1.70 | 128 | 33.0% | 0.11 | 0.0060 | -0.020 | 200 | 47.85 | 50.55 | 30.9% | -0.93 | 0.0068 | -0.009 | |||
| 0.6700 | 1.30 | 27 | 34.4% | 0.07 | 0.0045 | -0.016 | 210 | 57.75 | 60.25 | 31.3% | -0.97 | 0.0043 | 0.000 | |||
| 0.4500 | 0.8000 | 102 | 34.8% | 0.05 | 0.0034 | -0.012 | 220 | 67.45 | 70.05 | -0.98 | 0.0025 | 0.000 | ||||
Strikes shown: within ±50% of the underlying price. Intrinsic value = max(0, price − strike) for calls, max(0, strike − price) for puts; extrinsic = option price − intrinsic. Greeks and IV as computed by the exchange feed.
Volatility smile — Jan 15, 2027
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.