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…
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