Market Whales and Their Recent Bets on MRK Options

Whales with a lot of money to spend have taken a noticeably bullish stance on Merck & Co.

Looking at options history for Merck & Co MRK we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $157,700 and 6, calls, for a total amount of $517,740.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $130.0 for Merck & Co over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Merck & Co's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Merck & Co's significant trades, within a strike price range of $120.0 to $130.0, over the past month.

Merck & Co Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MRK CALL TRADE BULLISH 01/17/25 $15.45 $15.45 $15.45 $120.00 $309.0K 2.4K 12
MRK PUT SWEEP BULLISH 01/16/26 $7.35 $7.1 $7.1 $120.00 $85.2K 1.5K 205
MRK PUT SWEEP BEARISH 06/14/24 $0.62 $0.53 $0.58 $129.00 $72.5K 188 9
MRK CALL TRADE BULLISH 01/17/25 $9.3 $9.05 $9.2 $130.00 $70.8K 3.6K 83
MRK CALL SWEEP BULLISH 06/07/24 $5.35 $5.2 $5.31 $126.00 $52.9K 1.9K 203

About Merck & Co

Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform is growing as a major contributor to overall sales. The company also has a substantial vaccine business, with treatments to prevent pediatric diseases as well as human papillomavirus, or HPV. Additionally, Merck sells animal health-related drugs. From a geographical perspective, just under half of the company's sales are generated in the United States.

Following our analysis of the options activities associated with Merck & Co, we pivot to a closer look at the company's own performance.

Current Position of Merck & Co

  • With a volume of 2,563,727, the price of MRK is up 0.09% at $130.64.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 53 days.

Expert Opinions on Merck & Co

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $155.0.

  • An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $155.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Merck & Co options trades with real-time alerts from Benzinga Pro.

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Posted In: OptionsMarketsBZI-UOA
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