Crypto Updates

Check Out What Whales Are Doing With MRK

Veteran Trader Peter Brandt Asks Macro Guru If Bitcoin Bull Has Finally Awoken From Deep Slumber

Investors with a lot of money to spend have taken a bullish stance on Merck & Co (NYSE:MRK).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with MRK, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner spotted 11 uncommon options trades for Merck & Co.

This isn’t normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $194,659, and 8 are calls, for a total amount of $297,047.

What’s The Price Target?

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $120.0 and $131.0 for Merck & Co, spanning the last 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 $131.0, over the past month.

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

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MRK PUT SWEEP BULLISH 07/19/24 $0.61 $0.6 $0.6 $120.00 $133.5K 5.7K 2.6K
MRK CALL TRADE BULLISH 05/17/24 $3.2 $3.2 $3.2 $128.00 $64.0K 1.3K 216
MRK CALL SWEEP BULLISH 05/24/24 $11.25 $10.65 $11.25 $120.00 $42.7K 47 39
MRK CALL TRADE BULLISH 06/28/24 $10.95 $10.15 $10.69 $121.00 $40.6K 0 38
MRK CALL TRADE BEARISH 06/21/24 $3.6 $3.55 $3.55 $130.00 $35.1K 19.7K 115

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…

Click Here to Read the Full Original Article at Cryptocurrencies Feed…