MRK Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete MRK options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around MRK.
Near-Term Options-Derived Market Structure
NEUTRAL OUTLOOK
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian
On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%
Current DPI is 0.614(bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)
Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is bullish (0.50), pin strength 0.70.
Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.30% 1-day move.
The expected range for the next 1 days is 142.35 — 146.08 , corresponding to +1.58% / -1.02% .
Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.
Bullish flow suggests upside interest toward 147.07 (2.27% above spot).
Bearish positioning points to downside pressure toward 142.00 (1.26% below spot).
Options flow strength: 0.64 (0–1 scale). ATM Strike: 144.00, Call: 0.79, Put: 1.08, Straddle Cost: 1.88.
Price moves may extend once a direction forms. The short-term gamma flip is near 145.53 , with intermediate positioning around 145.64 . The mid-term gamma flip remains near 145.42.