Merck & Co., Inc. (MRK) Most Active Options

The 23 most actively traded Merck & Co., Inc. (MRK) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$145.58
52-week range
$82.50 – $156.30
ATM IV (30d)
38.2%
IV rank
52 / 100
Moderate
Expected move
±$13.34 (±9.2%)
Put/call OI
0.73
Call-heavy
Max pain
$125
↓ 14.1% below close
Next earnings
Nov 4, 2026

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Most Active MRK Contracts

ContractExpirationDTELastIV IV rank (30d)DeltaOpen interestVolumevs 30d avg
MRK $140 put Nov 20, 2026 42d $3.89 34.4% 80 -0.33 3,397 1,526 31.7× avg
MRK $160 call Nov 20, 2026 42d $2.17 33.7% 46 0.24 4,499 1,258 13.1× avg
MRK $155 call Nov 6, 2026 28d $2.76 36.8% 40 0.30 8 809 6.4× avg
MRK $147 call Oct 16, 2026 7d $1.55 22.5% 4 0.44 33 518 1.1× avg
MRK $150 call Oct 16, 2026 7d $0.63 25.4% 33 0.24 7,503 467 1.0× avg
MRK $145 call Oct 16, 2026 7d $2.62 21.9% 53 0.62 5,398 436 1.9× avg
MRK $150 call Nov 20, 2026 42d $5.10 34.0% 61 0.44 5,915 395 4.6× avg
MRK $155 call Oct 16, 2026 7d $0.15 29.7% 11 0.08 6,457 370 2.1× avg
MRK $134 call Oct 16, 2026 7d $9.55 0.0% 0 1.00 2 358 0.5× avg
MRK $165 call Nov 20, 2026 42d $1.40 33.8% 47 0.16 2,518 338 3.5× avg
MRK $142 call Oct 16, 2026 7d $5.02 22.3% 54 0.83 52 295 1.3× avg
MRK $146 call Oct 16, 2026 7d $1.92 23.0% 56 0.53 62 285 1.2× avg
MRK $140 call Oct 16, 2026 7d $6.00 0.0% 0 1.00 1,822 283 1.2× avg
MRK $142 put Oct 16, 2026 7d $0.70 28.7% 37 -0.22 77 261 3.2× avg
MRK $140 put Oct 16, 2026 7d $0.42 28.1% 34 -0.13 1,797 228 2.8× avg
MRK $160 call Dec 18, 2026 70d $3.41 31.2% 33 0.28 1,665 207 2.2× avg
MRK $140 call Oct 30, 2026 21d $9.30 39.0% 83 0.70 1,548 200 20.6× avg
MRK $144 put Oct 16, 2026 7d $1.40 29.3% 40 -0.34 82 184 2.3× avg
MRK $144 call Oct 16, 2026 7d $3.52 20.4% 50 0.71 243 184 0.8× avg
MRK $162.5 call Oct 16, 2026 7d $0.03 35.7% 24 0.02 482 180 1.0× avg
MRK $155 call Dec 18, 2026 70d $4.79 31.8% 36 0.37 3,276 179 1.9× avg
MRK $149 call Oct 16, 2026 7d $1.05 24.3% 22 0.30 368 178 0.4× avg
MRK $143 put Oct 16, 2026 7d $1.00 28.3% 35 -0.28 268 175 2.2× avg

Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.

The most active MRK contract today is the $140 put expiring in 42 days, with 1,526 contracts traded. Calls dominate the most-active list (18 of the top 23), showing where trading interest concentrates. 3 of these contracts are running well ahead of the usual daily volume.

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MRK Options FAQ

Which MRK option contract is most active today?

The most traded MRK contract is the $140 put expiring Nov 20, 2026, with 1,526 contracts traded as of Oct 9, 2026.

How does OptiView rank the most active MRK options?

The table lists the 23 MRK contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.