Mixed options sentiment in Merck (MRK), with shares up $1.27, or 1.58%, near $82.17. Options volume running well above average with 37k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.94. Implied volatility (IV30) dropped 3.8 near 31.52,in the top quartile of the past year, suggesting an expected daily move of $1.63. Put-call skew flattened, suggesting a modestly bullish tone.
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