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 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $142,855 and 10, calls, for a total amount of $496,489.
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 $100.0 to $125.0 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 $100.0 to $125.0 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 | CALL | SWEEP | BEARISH | 04/21/23 | $111.00 | $115.9K | 905 | 373 |
| MRK | PUT | TRADE | BEARISH | 06/16/23 | $115.00 | $109.0K | 5.1K | 201 |
| MRK | CALL | SWEEP | BEARISH | 04/21/23 | $110.00 | $102.5K | 8.2K | 518 |
| MRK | PUT | SWEEP | BULLISH | 06/16/23 | $115.00 | $64.2K | 5.1K | 284 |
| MRK | CALL | SWEEP | BULLISH | 04/21/23 | $110.00 | $57.9K | 8.2K | 295 |
Where Is Merck & Co Standing Right Now?
- With a volume of 1,445,554, the price of MRK is up 1.04% at $113.07.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Merck & Co:
- Berenberg has decided to maintain their Buy rating on Merck & Co, which currently sits at a price target of $130.
- Wells Fargo downgraded its action to Equal-Weight with a price target of $115
- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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