?? 
Puts Trade In MRK
Shares of Merck & Co. (MRK) are down .30 to 50.71. MRK is near the middle of the 52 week range.
- Paper traded 12846/25692/12846 MRK Oct 09 Weekly 47/50/53 put spreads for 1.00.??
- The ADV is 19500 contracts.??
- The open interest is 0/13367/13246 contracts.
The volume went up in 3 blocks on the CBOE marked spread.? This trade looks like a straight roll down to a lower strike.? There was exact OI on the 53 puts which most likely was sell to close with the customerclosing and buying the 50/47 put spread to lock in profits and keep a short position.? Net the position still looks short.
- IV 30 is trading for 27%.?
- HV10 is trading for 26%.
- IV 30 is below the HV 10.
Merck & Co., Inc. is a global health care company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products, which it markets directly and through its joint ventures.