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Market Action App Alert, BEARISH unusual option activity for Merck & Company, Inc. Ticker: MRK

Thursday, 11.18.2021

500 contracts traded for MRK $85 strike calls for expiration 12/17/21 with open interest of (14,189) when the shares were trading at 82.72.

MRK $85 strike calls for 12/17/21 expiration

Option Flow Order Summary

  • Size: 500
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 69,550
  • Estimated Premium Value: $70K
  • Volume: 578
  • Open Interest: 14,189
  • Contract Close Price: 82.60
  • Stock Price at Trade: 82.72
  • Market Action Score: 86.67% Bearish

Why is this an Unusual Option Activity?

  • The Trade Volume is above Open Interest of (14,189).
  • The order flow was detected as a sweep.

Stock Technical Information

  • Stock Levels: Last Close: 82.60 , Points Change: +0.16, % Change: ⬆️ 0.19%
  • Today’s Volume: 2.62M (10 Days average: 10.12M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 84.68
    • Resistance 1: 83.98
    • Pivot Point: 83.29
    • Support 1: 81.90
    • Support 2: 81.56
  • Stock is below 10 SMA: 84
  • Stock is below 20 SMA: 84.39
  • Stock is above 50 SMA: 79.53
  • Stock is above 100 SMA: 77.96
  • 52 Week High: 91

Stock chart for MRK (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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