Trade · Wolfe
MRK
Merck
147.61
-1.93 · -1.3%
Plan
- Cut
- Daily close below $145. Both.
- Target
- One at 152. One 165 into Oct 10 / Oct 29.
- 2× Jan $150C, $12.145 then $10.75, $2,289.50. Prior harvest +$391.
- Cut: close below $145 both. Oct 10 PDUFA, Oct 29 print.
- One at 152. One 165 into those dates. No add.
The take
2× Jan $150C, $12.145 then $10.75, $2,289.50. Cut $145 both.
One at 152. One 165 into Oct 10 / Oct 29. Prior harvest +$391.
Expression
- 2× Jan ’27 $150C @ $11.4475 · 2.4 OTM
$2,290 cost · 89d
Tape
- 20-day139.45 above
- 50-day131.44 above
- 200-day116.95 above
Stop
Close below $145
Gap shelf / S3. Two lots. Lose 145 and the bounce is fake.
Outlook
- INTerpath-001 Phase 3 — met both endpoints19 Aug · before expiry
- I-DXd PDUFA10 Oct · before expiry
- Q3 earnings (est.)29 Oct · before expiry
One at 152. One 165 into Oct 10 / Oct 29. Cut $145 both. No add.
News
Quiet on this name.