01 — MRK · CASH-SECURED PUTS

Best MRK cash-secured puts 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.

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02 — Live setups

Suggested strikes

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

Days to expiration
Probability of profit
Sort by
Top pick
$110 put · May 29
21 DAYS · 2.0% OTM · SELL TO OPEN
Credit
$193
Annualized
29.87%
PoP
60%
StrikeExpirationCreditAnnualized PoP
$109
2.9% OTM
May 29
21 days
$170
$1.70 / share
26.31%66%
$109
2.9% OTM
Jun 5
28 days
$223
$2.23 / share
25.89%63%
$108
3.8% OTM
May 29
21 days
$140
$1.40 / share
21.67%71%
$108
3.8% OTM
Jun 5
28 days
$178
$1.78 / share
20.66%67%
$108
3.8% OTM
Jun 12
35 days
$219
$2.19 / share
20.34%66%
$109
2.9% OTM
Jun 12
35 days
$218
$2.18 / share
20.24%63%
$107
4.7% OTM
Jun 12
35 days
$192
$1.92 / share
17.83%70%
$107
4.7% OTM
Jun 5
28 days
$146
$1.46 / share
16.95%71%
$106
5.6% OTM
Jun 12
35 days
$164
$1.64 / share
15.23%73%
10 of 17 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $110 put · 21 DTE

$0+$193losses$108.07 BREAKEVEN$110 STRIKE

Key numbers

Premium collected+$193
Max profit+$193
Breakeven$108.07
Capped above$110
Probability of profit60%
Days to expiration21

When this trade makes sense

Use when

  • You have cash to buy 100 shares at the strike
  • You'd be happy owning the stock at the strike price
  • You think the stock holds or drifts up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to drop hard
  • You don't actually want to own the stock
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full cash-secured puts 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.