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Merck put buyer realizes 38% same-day gains

Notable profits for the buyer who lifted the $1.43 offer for 2,397 Merck (MRK) May-25 76 puts yesterday at 13:00ET when underlying shares were trading at $77.06. Shares closed at $75.97, and the puts at $1.97 for a mark-to-market profit of 38%, or $130K, on the $343K outlay.

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