Merck & Co (NYSE:MRK) – This Is What Whales Are Betting On Merck & Co

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 MRK we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $591,712 and 7, calls, for a total amount of $314,610.

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 $80.0 to $110.0 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 $80.0 to $110.0 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 09/16/22 $95.00 $108.6K 484 147
MRK PUT SWEEP BEARISH 09/16/22 $95.00 $100.5K 484 294
MRK PUT SWEEP BEARISH 12/16/22 $90.00 $75.1K 57 200
MRK CALL SWEEP BULLISH 12/16/22 $92.50 $61.5K 333 271
MRK CALL SWEEP BEARISH 04/21/23 $92.50 $58.1K 8 0









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MRK PUT SWEEP BEARISH 09/16/22 $95.00 $108.6K 484 147
MRK PUT SWEEP BEARISH 09/16/22 $95.00 $100.5K 484 294
MRK PUT SWEEP BEARISH 12/16/22 $90.00 $75.1K 57 200
MRK CALL SWEEP BULLISH 12/16/22 $92.50 $61.5K 333 271
MRK CALL SWEEP BEARISH 04/21/23 $92.50 $58.1K 8 0

Where Is Merck & Co Standing Right Now?

  • With a volume of 1,468,904, the price of MRK is up 1.52% at $88.67.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 45 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.



Image and article originally from www.benzinga.com. Read the original article here.