10000 MRK Sep16 65/75 call spreads went up in 2 blocks on the PHLX.?
Shares of Merck &Co (MRK) are down .68 to 64.26 today.? MRK is near the top of the 52 week range.
- Paper traded 10000 MRK Sep16 65/75 call spreads for 3.08. ?
- The ADV is 21575 contracts.? ?
- The open interest is 16879 and 114 contracts.
The volume went up in 2 blocks on the PHLX.? 10000 Jan19 2018 62.5 calls traded through the bid tagged spread with the Sep trade.? The trader looks like take profits in the 2 lower strikes and rolling up to the 75s looking for a blowout run for MRK.? Still bullish but taking profits.
- IV 30 is trading for 16%.?
- HV10 is trading for 18%.?
- IV 30 is below the HV 10.
Merck & Co., Inc. is a global healthcare 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. It operates through one segment, Pharmaceutical.