01 — MRK · BULL PUT SPREADS

Best MRK bull put spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Large-cap pharma with options flow tied to Keytruda LOE, pipeline catalysts, and oncology trial readouts.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Merck
Healthcare / Pharma
MRK
$149.52+2.9% / 30d
IV rank (1y)
56% · moderate
Next earnings
Oct 29
Market cap
$368.9B
P/E (fwd)
16.2
Dividend
$3.32 · Sep 15
Option vol
3K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$144/$141 put spread · Nov 27
27 DAYS · 3.7% OTM · 3 WIDE · SELL TO OPEN
Credit
$500
Return
50000%
PoP
70%
SpreadExpirationCreditReturn ↓PoP
$142 / $139
5.0% OTM · 3 wide
Dec 4
34 days
$462
$4.62 / share
46200%73%
$145 / $142
3.0% OTM · 3 wide
Nov 27
27 days
$419
$4.19 / share
41900%67%
$143 / $140
4.4% OTM · 3 wide
Dec 4
34 days
$410
$4.10 / share
41000%71%
$146 / $143
2.4% OTM · 3 wide
Dec 4
34 days
$240
$2.40 / share
400%63%
$146 / $143
2.4% OTM · 3 wide
Nov 27
27 days
$117
$1.17 / share
63.93%64%
$144 / $141
3.7% OTM · 3 wide
Dec 4
34 days
$100
$1.00 / share
50%68%
$143 / $140
4.4% OTM · 3 wide
Nov 27
27 days
$49
$0.49 / share
19.52%73%
8 of 8 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $144/$141 put spread · 27 DTE

$0+$500−$-200$141 LONG$139.00 BE$144 SHORT

Key numbers

Premium collected+$500
Max profit+$500
Breakeven$139.00
Spread$144 / $141
Probability of profit70%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on MRK.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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