Huge Call Purchase on Merck & Co. (MRK)
Shares of Merck & Co. Inc. (NYSE: MRK) are lower on the session by 0.20%, currently trading at $35.20. The stock has been moving largely higher over the past two months and is trading above the 200-day moving average.
Options traders are buying calls on the name today. The January 2011 $45.00 call was purchased 24,139 times (in a single block) a short while ago; the trade occurred on the offer, for $0.16. Open interest on the strike is 44,120 contracts.
Call volume is currently running at 2.4x the daily average.
Merck & Co., Inc. is a global health care company that delivers health solutions through its medicines, vaccines, biologic therapies, and consumer and animal products, which it markets directly and through its joint ventures. The company's operations are principally managed on a products basis.
