$157.5 · Oct 2 · 31Δ
$2.56 premium · 18%/yr annualized
$MRK
MERCK & CO. INC.
▼ -3.28 (-2.14%)
MERCK & CO. INC.
Regime pinning · moves get faded back to the walls.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$MRK is in long gamma at heat 38, which means dealer hedging damps price swings. The $125 call and $110 put walls are both untested yesterday; however, given their hold rates of 71% and 86%, respectively, these levels dealers typically defend. Spot sits 8.1% above the $110.29 gamma flip, so any move down faces a strong test at the $110 put.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $MRK, scored over a year of outcomes.
$157.5 · Oct 2 · 31Δ
$2.56 premium · 18%/yr annualized
$144 · Sep 25 · 30Δ
$2.28 premium · 21%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
$155 call wall
held 1 sessions running
$150 call wall
broke 1.7% on 2026-08-21
Free alert
We DM you when the $165 call wall or the $135 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $165 call wall or the $135 put wall breaks.
…
Alert set
We'll DM you when the $165 call wall breaks. Rest easy.
Scored Levels
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