Option traders moderately bearish in Merck (MRK), with shares down 16c near $99.29. Options volume roughly in line with average with 32k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 1.3 points near 23.32,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.46. Put-call skew steepened, indicating increased demand for downside protection.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRK:
- Merck & Company: Strategic Diversification and Upcoming Catalysts Bolster Buy Rating
- Merck price target raised to $120 from $105 at BofA
- Merck & Company: Strong Growth Potential Amidst Robust Pipeline and Strategic Product Launches
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 14
- Mixed options sentiment in Merck with shares up 0.71%