Merck & Co Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Merck & Co (NYSE:MRK), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 63% were bullish and 36% were bearish. The total amount for puts was $255,245 and for calls was $234,890. Whales have been targeting a price range from $92.5 to $120.0 for Merck & Co over the last 3 months. The current price of MRK is down -2.36% at $109.11.
July 07, 2023 | 4:49 pm
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NEUTRAL IMPACT
Merck & Co has seen unusual options activity, with a majority of investors taking a bullish stance. The current price of MRK is down -2.36% at $109.11.
The unusual options activity indicates that investors are speculating on the future price of Merck & Co. The majority of these trades are bullish, suggesting that investors expect the price to rise. However, the current price is down, indicating some market uncertainty. This could lead to increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100