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Merck (MRK) Bullish Weekly Breakout with Calls Hot, Size in November OI

Merck (MRK) Bullish Weekly Breakout with Calls Hot, Size in November OI

by | Aug 17, 2021 | Open Interest Alerts

Merck (MRK) another Healthcare name with strength in a weak tape and seeing unusual 7500 far OTM October $85 calls bought while recently saw 8000 January $80 calls add to OI on 8/10 and 20,000 November $80 calls bought 6/22 and 6/24. MRK coming out of weekly consolidation after the key long-term downtrend breakout with room to run.