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
$146.33+0.7% / 30d
IV rank (1y)
53.8% · moderate
Next earnings
Oct 29
Market cap
$361.0B
P/E (fwd)
15.8
Dividend
$3.32 · Sep 15
Option vol
6K /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 · Dec 4
36 DAYS · -2.2% OTM · 3 WIDE · SELL TO OPEN
Credit
$473
Return
47300%
PoP
61%
SpreadExpirationCreditReturn ↓PoP
$142 / $139
0.8% OTM · 3 wide
Dec 4
36 days
$464
$4.64 / share
46400%67%
$143 / $140
1.5% OTM · 3 wide
Dec 4
36 days
$350
$3.50 / share
35000%64%
$144 / $141
2.2% OTM · 3 wide
Nov 27
29 days
$343
$3.43 / share
34300%62%
$143 / $140
1.5% OTM · 3 wide
Nov 27
29 days
$303
$3.03 / share
30300%64%
$142 / $139
0.8% OTM · 3 wide
Nov 27
29 days
$155
$1.55 / share
106.9%68%
$142 / $139
0.8% OTM · 3 wide
Nov 20
22 days
$90
$0.90 / share
42.86%69%
$144 / $141
2.2% OTM · 3 wide
Nov 20
22 days
$85
$0.85 / share
39.53%63%
$141 / $138
0.1% OTM · 3 wide
Nov 20
22 days
$76
$0.76 / share
33.93%72%
$140 / $137
0.7% OTM · 3 wide
Nov 20
22 days
$72
$0.72 / share
31.58%75%
10 of 12 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 · 36 DTE

$0+$473−$-173$141 LONG$139.27 BE$144 SHORT

Key numbers

Premium collected+$473
Max profit+$473
Breakeven$139.27
Spread$144 / $141
Probability of profit61%
Days to expiration36

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.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.