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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRK:
- Merck Animal Health and State of Kansas announce $895M investment
- Biotech Alert: Searches spiking for these stocks today
- FDA announces expanded use of unannounced inspections at foreign facilities
- Trump to sign order streamlining U.S. drug manufacturing regulations, WaPo says
- Trump urges drugmakers to accept lower prices on prescriptions, Bloomberg says