$128 · Aug 14 · 31Δ
$2.22 premium · 22%/yr annualized
$MRK
Merck & Co Inc · Pharmaceuticals · $306.3B
▼ -2.85 (-2.30%)
Merck & Co Inc · Pharmaceuticals · $306.3B
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.
$128 · Aug 14 · 31Δ
$2.22 premium · 22%/yr annualized
$116 · Aug 14 · 30Δ
$2.40 premium · 25%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=24
$130 call wall
held 6 sessions running
Free alert
We DM you when the $130 call wall or the $105 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 $130 call wall or the $105 put wall breaks.
…
Alert set
We'll DM you when the $130 call wall breaks. Rest easy.
Scored Levels
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