27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Merck & Co.
Looking at options history for Merck & Co (NYSE:MRK) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $172,220 and 5, calls, for a total amount of $254,805.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $120.0 for Merck & Co over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Merck & Co options trades today is 2920.0 with a total volume of 1,748.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Merck & Co's big money trades within a strike price range of $110.0 to $120.0 over the last 30 days.
Merck & Co Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRK | CALL | SWEEP | BEARISH | 05/19/23 | $110.00 | $66.0K | 6.7K | 116 |
| MRK | CALL | SWEEP | BEARISH | 05/19/23 | $110.00 | $60.0K | 6.7K | 256 |
| MRK | CALL | SWEEP | BEARISH | 10/20/23 | $115.00 | $56.5K | 1.3K | 173 |
| MRK | PUT | TRADE | BULLISH | 10/20/23 | $120.00 | $49.5K | 260 | 55 |
| MRK | PUT | TRADE | NEUTRAL | 10/20/23 | $120.00 | $40.0K | 260 | 110 |
Where Is Merck & Co Standing Right Now?
- With a volume of 1,487,136, the price of MRK is down -0.47% at $114.29.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 8 days.
What The Experts Say On Merck & Co:
- Citigroup upgraded its action to Buy with a price target of $130
- Guggenheim has decided to maintain their Buy rating on Merck & Co, which currently sits at a price target of $124.
- Mizuho downgraded its action to Buy with a price target of $130
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Merck & Co, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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