Merck & Co Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Merck & Co.

Looking at options history for Merck & Co MRK we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $255,245 and 7, calls, for a total amount of $234,890.

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 $92.5 to $120.0 for Merck & Co over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Merck & Co's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Merck & Co's whale trades within a strike price range from $92.5 to $120.0 in 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 PUT SWEEP BEARISH 07/21/23 $120.00 $97.1K 2.4K 100
MRK PUT SWEEP BULLISH 07/21/23 $105.00 $58.8K 6.9K 1.2K
MRK PUT SWEEP BEARISH 08/18/23 $115.00 $56.0K 916 5
MRK PUT SWEEP BULLISH 01/17/25 $95.00 $43.2K 24 0
MRK CALL TRADE BULLISH 07/14/23 $108.00 $42.7K 99 300

Where Is Merck & Co Standing Right Now?

  • With a volume of 3,041,289, the price of MRK is down -2.36% at $109.11.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 25 days.

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.

MRK Logo
MRKMerck & Co Inc
$80.410.31%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
15.30
Growth
99.45
Quality
60.22
Value
41.10
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Comments
Loading...