$MRK

heavy ass MRK flow

6000 $MRK Nov21 75.0 Calls trade $1.87 (FT Theo=1.85) ASKSIDE ARCA IV=22.2% +1.8 - OPENING Vol=21k, OI=1191

20000 $MRK NOV2021 $75 Cs bought 1.87

20000 $MRK NOV2021 $75 Cs bought 1.87

Upgrades 9/7: $BMO $CRUS $DOOO $FIVN $MEOH $SO $SPOT $TCBK $TD $TMX $VTR . Downgrades 9/7: $AMCR $AMGN $ARGX $BANR $CARR $FTCH $GMAB $JNJ $JOAN $LNT $LRCX $MCFE $MRK $SJR $VRTX $XOMA

Closed MRK 79 call .55

i should've gave MRK more time to collect more

4489 $MRK OCT2021 $85 Cs trade 0.36-0.42

4489 $MRK OCT2021 $85 Cs trade 0.36-0.42

MRK 08/20 79 call .60

Under market conditions analyzing best set ups between LLY, MRK, PFE, JNJ, while also including ORCL

Tuesday, August 17, 2021 Futures Up/Down % Last Dow -221.00 0.62% 35,313 S&P 500 -21.25 0.49% 4,452 Nasdaq -59.50 0.39% 15,075 U.S. equity-index futures are looking lower this morning, while global stocks have fallen for a second day amid several market concerns. U.S. major averages hit record highs (S&P 500 and Dow record high closes for a 5th straight session) on Monday as investors moved into defensive sectors (Healthcare, Staples, Utilities) and stocks recovered from losses earlier in the session, shaking off glum economic data out of China and the U.S., but start the day on shaky ground yet again. Several factors playing into the morning decline including: 1) concerns that more lockdowns could be needed to contain the coronavirus pandemic; 2) Treasury yields fall ahead of an address by Federal Reserve Chairman Jerome Powell on the health of the world’s largest economy; 3) Dow component Home Depot (HD) reports a top and bottom-line beat, but weaker-than-expected comp sales drag shares lower; 4) Federal Reserve Bank President Eric Rosengren said Monday he could be prepared to begin rolling back economic stimulus this fall. But he said he wouldn’t boost interest rates until the employment picture improves; 5) China markets tumble following another regulatory crackdown after China published detailed rules to tackle unfair competition and companies’ handling of critical data; the draft regulations ban unfair competition and restrict the use of user data. Investors were also digesting news from Afghanistan, where thousands of civilians desperate to flee the country thronged Kabul airport after the Taliban seized the capital. Asian stocks retreat for fourth day as the Hang Seng and Shanghai Composite lose ground after China issues draft rules targeting unfair online competition. The Kosdaq sinks 2.3% as Korean selloff resumes following Monday’s holiday. The Nikkei Index fell -98 points to 27,424, the Shanghai Index tumbled -70 points (or 2%) to 3,446 and the Hang Seng Index declined -435 points (1.66%) to 25,745. In Europe, the German DAX is down around -40 points to 15,885, while the FTSE 100 is up a few points to 7,165. Wal-Mart earnings expected later this morning as well. Market Closing Prices Yesterday The S&P 500 Index gained 11.71 points, or 0.26%, to 4,479.71 The Dow Jones Industrial Average rose 110.02 points, or 0.31%, to 35,625.40 The Nasdaq Composite slumped -29.13 points, or 0.20%, to 14,793.76 The Russell 2000 Index declined -19.69 points, or 0.89% to 2,203.41 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Advance Retail Sales MoM for July…est. (-0.02%) 8:30 AM ET Retail Sales Ex; Autos MoM for July…est. 0.1% 8:55 AM ET Johnson/Redbook Weekly Sales 9:15 AM ET Industrial Production MoM for July…est. 0.5% 9:15 AM ET Capacity Utilization for July…est. 75.7% 10:00 AM ET Business Inventories MoM for June…est. 0.8% 10:00 AM ET NAHB Housing Market Index for Aug…est. 80 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: AIT, CRTD, HD, OB, PINC, WMT Earnings After the Close: A, CDK, CREE, CRMT, DNUT, INST, JKHY, LZB Other Key Events: EnerCom Oil & Gas Conference (virtual), 8/15-8/18 BWS Financial Growth and Value Conference (virtual), 8/16-8/17 Needham MedTech and Diagnostics Conference (virtual), 8/16-8/17 Truist Atlanta Bank Summit (virtual) 8/16-8/17 Davidson West Coast Bank Tour (virtual), 8/17-8/18 Deutsche bank Transportation Conference (virtual), 8/17-8/18 Macro Up/Down Last Nymex -0.33 66.96 Brent -0.23 69.28 Gold 6.55 1,794.00 EUR/USD -0.0012 1.1766 JPY/USD 0.05 109.29 10-Year Note -0.027 1.23% World News The Fed’s Rosengren said last night his preference would be to start tapering bond purchases in the fall, potentially October or November, no later than December; says if we get another strong labor market report, he would be supportive of announcing taper program in September Sector News Breakdown Consumer Home Depot ($HD) shares fall -4% on comp sales miss; Q2 EPS $4.53 vs. est. $4.43; Q2 revs $41.12B vs. est. $40.73B; Q2 comp sales rose 4.5% below est. 5.6% and comparable sales in the U.S. increased 3.4% vs. est. 4.9%; number of customer transactions declined by 5.8% YoY to 481.7 million, but the average ticket size grew 11% to $82.48 Stanley Black & Decker ($SWK) agreed to acquire the remaining 80% ownership stake in MTD Holdings Inc., a privately held global manufacturer of outdoor power equipment, for $1.6 billion in cash Gan Ltd. ($GAN) Q2 EPS loss (-$0.07) vs. est. loss (-$0.01); Q2 revs $34.6M vs. est. $34.53M; sequential revenue growth of 24%, driven by strong international results in b2c segment; reiterates revenue guidance of $125 – $135 million, or 270% YoY growth at the mid-point; backs FY21 revenue view of $125M-$135M Lightning eMotors ($ZEV) Q2 EPS loss (-$0.79) vs. est. loss (-$0.14); Q2 revs $5.9M vs. est. $5.37M; sees Q3 revs $4M-$6M vs. est. $10.58M; sees Q3 adjusted loss from operations $12M-$13M; no longer expects to meet full year guidance; said no orders have been cancelled and company expects to fulfill those orders in future quarters; sees for qtr ending sept 30, vehicle and powertrain sales of 28 units to 40 units Elys Game Technology ($ELYS) Q2 revenue $11.7M vs est $10.89M; 2Q Betting Handle +134% YoY to $220.1M; Q2 GGR +153.8% YoY to $14.9M; Q2 total revenue +143% YoY to $11.7M Spirit Airlines ($SAVE) said it expects total operating revenues in the range of $885M – $955M vs. $1.05B consensus and adjusted operating expenses between $1,030M and $1,040M; expects a negative revenue impact of ~50M from 2,826 flight cancellations between July 30 and August 9, due to airport staffing shortages and adverse weather; also noted softer-than-expected booking trends and increased close-in guest cancellations, likely due to a resurgence in COVID-19 cases Energy, Industrials and Materials Ammo Inc. ($POWW) Q1 adj EPS $0.13 on revs $44.5M, up 360%; says raising 2022 revenue guidance from $190M to $210M, including reiterating our expectation for Q2 revenue of at least $51M and sees Q3 revs about $60M; increasing our Adjusted EBITDA guidance for fiscal 2022 from $65M to $70M Clean Energy Fuels Corp. ($CLNE) announced a slew of new deals in response to the demand for renewable natural gas ($RNG), a fuel produced from organic waste, as more fleets adopt and expand their use of the low-carbon transportation fuel. RNG represents more than 74 percent of the 26 million gallons of fuel Clean Energy expects to provide through these recent signed agreements. Clean Energy has a stated goal of providing 100 percent zero-carbon renewable fuel at its stations by 2025. Financials Opendoor Technologies inc. ($OPEN) announces proposed convertible senior notes offering Healthcare Berkshire Hathaway reduced its stakes in large cap Pharma names Merck (MRK) by 48.8% to 9.2M shares, AbbVie ($ABBV) by 10.2% to 20.5M shares and Bristol-Myers (BMY) by 15.3% to 26.3M shares and exited shares in Biogen ($BIIB) according to 13F filings The Biden administration is planning to announce that most Americans who have received the coronavirus vaccine will need booster shots eight months after being fully vaccinated as the delta variant sparks a surge in Covid-19 cases – Washington Post Eli Lilly and Company ($LLY) today announced executive leadership changes and the creation of neuroscience and immunology business units. These changes will increase Lilly’s focus on introducing breakthrough new medicines to millions of people with unmet needs. Incyte ($INCY) and InnoCare announced that Incyte and a subsidiary of InnoCare have entered into a collaboration and license agreement for the development and commercialization of tafasitamab, a humanized Fc-modified cytolytic CD19 targeting monoclonal antibody, in China Clovis ($CLVS) renews at-the-market equity program with $125M offering Globus Medical ($GMED) announced that Excelsius3D, an intelligent intraoperative 3-in-1 imaging system, has been granted 510(k) clearance by the FDA Solid Biosciences Inc. ($SLDB) ends q2 with about $249 mln cash and investments; cash runway into q4 2022; said net loss for Q2 of 2021 was $18.7M vs. $19.0M for Q2 of 2020 Technology, Media & Telecom Roblox Corp. ($RBLX) shares fall -6%; Q2 EPS loss (-$0.25) vs. est. $0.24; Q2 revs $454.1M vs. est. $689.2M; qtrly bookings increased 35% over q2 2020 to $665.5M; qtrly average daily active users ($DAUs) were 43.2 mln, an increase of 29%; qtrly average bookings per DAU was $15.41, a slight increase year over year Chinese stocks listed in the U.S. ($BIDU, $BABA, $DIDI, $JD, $NTES) fall in premarket trading following Beijing’s latest moves to tighten its grip on the nation’s internet giants and after SEC Chair Gary Gensler issued his most direct warning yet about the risks of investing in Chinese companies Sea Limited ($SE) Q2 EPS loss (-$0.61) vs. est. loss (-$0.52); Q2 revs $2.3B vs. est. $1.93B; digital entertainment active users 725.2 million, +45% y/y; digital entertainment paying users 92.2 million, +85% y/y; said is raising the guidance for both digital entertainment and e-commerce for the full year of 2021. We expect bookings for digital entertainment to be between $4.5 billion and $4.7 billion, representing 44.4% growth from 2020 at the midpoint of the revised guidance Fabrinet ($FN) Q4 Non-GAAP EPS $1.31 vs. est. $1.22; Q4 revs $509.6M vs. est. $487.5M; sees Q1 revs $510M-$530M vs. est. $491.5M Telos Corp. ($TLS) Q2 adj EPS $0.04 vs. est. $0.02; Q2 revs $52.56M vs. est. $53.7M; backs FY21 rev view to $283M-$295M vs. est. $288.75M; said sees FY21 adjusted EBITDA $33M-$36M. Upstart Holdings, inc. ($UPST) announces proposed private offering of $575,000,000 of convertible senior notes due 2026 Global-e Online ($GLBE) Q2 EPS (2c) vs 2 est’s 0c; Q2 rev $57.3M vs est $47.6M; Q2 adjusted EBITDA $7.6M vs. $3.1M YoY; sees Q3 rev $54.3M-$56.3M vs $48.4M; sees Q3 adj EBITDA $2.8M-$3.8M and GMV of $328M-$338M; raises FY21 rev view to $227M- $231M from $209M-$213.5M vs est $210.95M; raises FY21 GMV view to $1.35B-$1.37B from $1.21B-$1.255B

1400 $MRK JAN2022 $80 Cs trade 1.69

1400 $MRK JAN2022 $80 Cs trade 1.69

Huge week for earnings $TSLA, $AAPL, $V, $UPS, $AMD, $MMM, $BA, $MCD, $PYPL, $FB, $MSFT, $AMZN, $PG, $MRK, $PG some of the big names this week

Wednesday, July 7, 2021 Futures Up/Down % Last Dow 30.00 0.09% 34,490 S&P 500 8.00 0.18% 4,342 Nasdaq 77.00 0.52% 14,852 Stock futures are looking higher, as the Nasdaq Composite looks to extend its record-breaking streak following large cap tech outperformance yesterday (all-time highs for AMZN, GOOGL), aided by plunging Treasury yields as the fear of inflation has subsided greatly the last few weeks. The yield on the benchmark 10-year falls another 2 bps, hitting lows around 1.33% today (lowest since February). The S&P 500 looks to get back on track after having its 7-day win streak snapped yesterday, also stopping a string of record closing highs as investors await minutes from the latest Federal Reserve meeting later today for clues on the central bank’s next policy moves. China is widening its clampdown on tech firms listed overseas and regulators are now planning to change overseas listing rules. Oil prices looking at a healthy rebound after yesterday’s pullback. Seven of the 11 S&P sectors closed down on Tuesday, with Energy the weakest through the session as crude fell, while Financials also struggled in the face of lower rates. In Asian markets, The Nikkei Index declined -276 points to 28,366, the Shanghai Index rose 23 points to 3,553 and the Hang Seng Index lost -112 points to settle at 27,960. In Europe, the German DAX is higher by 125 points to 15,635, while the FTSE 100 is up about 35 points to 7,140. Market Closing Prices Yesterday The S&P 500 Index slipped -8.80 points, or 0.20%, to 4,343.54 The Dow Jones Industrial Average fell -208.98 points, or 0.60%, to 34,577.37 The Nasdaq Composite gained 24.32 points, or 0.17%, to 14,663.64 The Russell 2000 Index declined -31.26 points, or 1.36% to 2,274.50 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 10:00 AM ET JOLTs Job Openings for May 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: $MSM Earnings After the Close: $SAR, $WDFC Other Key Events: FOMC minutes are released from the last meeting of the policy-making committee Macro Up/Down Last Nymex 1.31 74.68 Brent 1.20 75.73 Gold 10.40 1,807.50 EUR/USD -0.0002 1.1822 JPY/USD 0.16 110.79 10-Year Note -0.024 1.346% Sector News Breakdown Consumer Didi Global ($DIDI) extends yesterday declines after China stepped up scrutiny over its data security and widened a crackdown on companies listing abroad Boston Beer ($SAM) upgraded to Outperform from Neutral at Credit Suisse and raise tgt to $1,490 from $1,304 Asur ($ASR) announced that that total passenger traffic for June reached a total of 4.6M passengers, 5.1% below the 4.8M passengers reported June 2019 which reflects a lower demand for travel in general International Game Technology ($IGT) signs a contract with the Western Canada Lottery to provide 700 CrystalDual 27 video lottery terminals. LGI Homes ($LGIH) said it closed 997 homes in June 2021, up from 760 homes closed in June 2020, representing year-over-year growth of 31.2%; announced record-breaking quarterly closings of 2,856 during Q2 compared to 2,005 closings same period a year ago, a 42.4% increase year-over-year Energy, Industrials and Materials TechnipFMC ($FTI) said it was awarded a “significant” integrated engineering, procurement, construction and installation contract from Tullow Oil for the Jubilee South East development offshore Ghana; the company defines a “significant” contract as $75M-$250M Steel Dynamics ($STLD) board authorizes a buyback of $1B in additional shares following the previous $500M program which had $51M remaining available for repurchase Oasis Petroleum ($OAS) upgraded to Outperform from Sector Perform at RBC Capital Royal Dutch Shell ($RDSA) said it will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt; said it will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in Q2, the company said in a trading statement before quarterly results. MSC Industrial ($MSM) Q3 adj EPS $1.42 vs. est. $1.37; Q3 revs $866.29M vs. est. $847.2M; Q3 average daily sales rose 2.2% NASA has awarded Mechanical Integrated Services and Technology II contract worth $531M to a joint venture between Aerodyne and KBR ($KBR). Financials S. District Judge Reggie Walton said he can’t schedule a summer trial in the U.S. Department of Justice’s antitrust suit challenging Aon’s ($AON) proposed takeover of Willis Towers Watson (WLTW) – WSJ. The judge instead said he intends to hold trial proceedings for a few days starting November 18, and then again during an opening in his schedule from December 20-22 Ellington Financial ($EFC) 6M share Spot Secondary priced at $18.22 MarketAxess ($MKTX) recorded $567B in trading volume for June 2021, of which $239.5B was credit volume and $327.5B rates volume; total credit average daily trading volume and total credit trading volume dropped 10.1% Y/Y to $10.89B and $239.52B, respectively. Healthcare OncoSec Medical Inc. ($ONCS) said it has entered into a collaboration and supply agreement with Merck & Co. (MRK) to evaluate the combination of its interleukin-12 Tavo with Merck’s anti-cancer immunotherapy Keytruda in a global clinical trial. Dare Bioscience ($DARE) rises after revealing on June 30, entered into an agreement with Bill & Melinda Gates Foundation for development of DARE-LARC1 implant, its experimental user-controlled, long-acting reversible contraceptive (awarded grant of up to $48.95M) Savara ($SAVA) files $250M mixed securities shelf Technology, Media & Telecom Smart Global ($SGH) 3Q adj EPS $1.39 vs. est. $1.09 on sales $437.7Mm vs. est. $415.6Mm; guides 4Q net sales $440-480Mm vs. est. $439.4Mm, sees 4Q adj EPS $1.60 +/- $0.15 vs. est. $1.23 Samsung Electronics ($SSNLF) said it expects more than 53% growth in Q2 operating profit, driven by strong demand for memory chips and operations resuming at a key US factory; sees sales of ~KRW63T and operating profit of ~KRW12.5T China’s top market regulator has fined a slew of companies, including subsidiaries of Didi Global Inc. ($DIDI), for what it said was monopolistic behavior linked to nearly two dozen deals. Turkcell ($TKC) to acquire Boyut Grup Enerji, which owns the Izmir Karadag Wind Power Plant for an enterprise value of $29.6M

Friday, July 2, 2021 Futures Up/Down % Last Dow -5.00 0.01% 34,509 S&P 500 0.75 0.02% 4,311 Nasdaq 25.00 0.17% 14,573 Stocks are generally flat in pre-market trading as the S&P seeks to hit a new record intraday high and close every day this week. Yesterday’s high was 4,312 and it appears the index is on track to open right around that level. However, things can quickly change after the nonfarm payrolls jobs report at 8:30. Economists are estimating that around 700,000 new jobs were created in June, though the consensus view was too optimistic for each of the past 2 months. However, monthly private payrolls and weekly jobless claims were both better than expected this week. In other news, yesterday’s OPEC+ meeting was extended to today, and reports said that the UAE blocked an agreement to raise supply by 400k bpd from August-September at the last minute. If the group cannot come to an agreement, current production levels will remain stable, likely leading to higher prices in the face of higher demand. Oil prices are slightly lower than yesterday when it hit its highest price since October 2018. In Asian markets, The Nikkei Index is higher by 76 points, the Shanghai Index is down 70 points, and the Hang Seng Index is sliding 575 points. In Europe, the German DAX is up 58 points, while the FTSE 100 has inched higher 6 points. Market Closing Prices Yesterday The S&P 500 Index rose 22.31 points, or 0.52%, to 4,319 The Dow Jones Industrial Average gained 130.76 points, or 0.38%, to 34,633 The Nasdaq Composite advanced 18.42 points, or 0.13%, to 14,522 The Russell 2000 Index climbed 18.80 points, or 0.81% to 2,329 Events Calendar for Today 8:30 AM ET Nonfarm Payrolls for June 8:30 AM ET Private Payrolls for June 8:30 AM ET Manufacturing Payrolls for June 8:30 AM ET Unemployment Rate for June 8:30 AM ET Average Hourly Earnings for June 8:30 AM ET International Trade for May 10:00 AM ET Factory Orders MoM for May 1:00 PM EST Baker Hughes Weekly rig count data Macro Up/Down Last Nymex -0.13 75.10 Brent -0.15 75.69 Gold 10.85 1,787 EUR/USD -0.0015 1.1831 JPY/USD -0.06 111.44 10-Year Note -0.039 1.441% Sector News Breakdown Consumer Bespoke Capital Acquisition Corp ($VWE) new Buy at Citi Thor Industries ($THO) new Underperform, Winnebago (WGO) new Market Perform, Camping World (CWH) new Outperform with a $45 at Raymond James BMY ($BMWYY) brand unit sales rose 89.5% Y/Y to 96,561 units in Q2 and increased 15% vs. 2Q19; North America Q2 sales 105,901 (+89.5%); total brand sales for the 1H are +52.2% YoY, +8.9% vs 2019 Li Auto ($LI) delivered 7,713 Li ONE vehicles in June (+320.6% YoY) and total Q2 deliveries 17,575 (+166.1%) exceeded the top end of its guidance range Energy, Industrials & Materials Werner Enterprises ($WERN) buys 80% of ECM Transport Group for $142.4M Virgin Galactic ($SPCE) announced its next flight will be July 11 and founder Richard Branson will be on board. This is 11 days before Blue Origin’s scheduled 7/20 flight that will include Jeff Bezos Financials Horace Mann Educators ($HMN) raised 2021 EPS guidance to $3.50-$3.70 vs est. $3.30 from $3-$3.20 largely on strength of net investment income and impact of lower-than-guided catastrophe losses in second quarter; now expect catastrophe losses for just-ended Q2 will be about $15M-$18M, revised FY 2021 guidance assumes total net investment income to increase to range of $385M-$405M due to Q2 results Bank OZK ($OZK) raised its quarterly dividend to 28.5c/share from 28c Baird assumed coverage on National Storage ($NSA) at Outperform with a $54 price target Healthcare Biosig Technologies ($BSGM) announced public offering Stephens initiated OW ratings on Healthequity (HQY) with a $100 target and CloudMD Software & Services ($DOCRF) with a $5 target Merck ($MRK) plans to withdraw the US accelerated approval indication for Keytruda for patients with recurrent locally advanced or metastatic gastric cancer as a third-line treatment after the drug failed to meet its post-marketing requirement of showing an overall survival benefit in a late-stage study. Merck said it plans the pullout in six months and does not affect other indications for Keytruda. Technology, Media & Telecom Chicken Soup for the Soul Entertainment ($CSSE) intends to offer stock Verizon ($VZ) told federal regulators it would keep supporting low-cost wireless service for three years if it is allowed to buy TracFone as negotiations continue with the FCC to close the $6.9B acquisition ContextLogic ($WISH) downgraded to In-Line at Evercore

folks still buying $MRK thinking that they are making money from Ivermectin..... but that drug has been off patent for decades

18,800 $MRK 100 17 SEP 21 85 CALL @.96 LMT

hopefully it wont be a nigeria Mrk 2. Thats tragic more a Brunei or something

$MRK - BERKSHIRE HATHAWAY CUTS SHARE STAKE IN MERCK BY 37.7% TO 17.9 MLN SHARES

$MRK Jul $70C at $4.40 and sell OTM weeklies against.only $1 extrinsic

Some earnings losers include $F, $EBAY, $TDOC, $$MRK

is that a cup and handle in MRK?

2919 $MRK MAY2021 $77.5 Ps bought 2.02

2919 $MRK MAY2021 $77.5 Ps bought 2.02

$MRK 95C AUg

$MRK on the run

MRk: Oct 15 $67.5 Calls Sweep (3) near the Ask: 303 @ $9.28 vs 1 OI

$PFE, $MRK, $AZN, $BMY all struggling lately > @hidalgjo said: Amazed by the constant drop on $PFE

beautiful MRK hold of $80 . dipped on vax discontinuation

18807 $MRK MAR2021 $87.5 Cs sold 1.05

18807 $MRK MAR2021 $87.5 Cs sold 1.05

1000 $MRK JAN2023 $115 Cs bought 2.33

1000 $MRK JAN2023 $115 Cs bought 2.33

seeing a ton of div names HPE, MRK, BMY, KDP

3719 $MRK FEB2021 $77.5 Ps sold 0.87, 3719 $85 Cs sold 1.58

MRK strangoe

1,000 $MRK 100 18 DEC 20 85 CALL @.75 LMT

$MRK leaps seeing some action

$MRK with a $1B acquisition

$PFE $MRK $GILD $REGN all green so far

$MRK gets a couple drug approval notices and stock drops 2%

Largest $Notional Sell On Close Order Imbalances $V $SNOW $LOW $ARE $BAC $HD $BABA $ABBV $TGT $MRK

those $MRK NOV $87.5s that came in near close yesterday are working out

damn they came in hot and heavy for MRK into the close

3500 $MRK Oct20 85.0 Puts trade $2.65 (FT Theo=2.59) Above Ask! CBOE 14:13:42 IV=22.3% -0.5 LATE - OPENING Vol=3648, OI=1972,

Largest Notional Sell On Close Order Imbalances $VZ $JPM $V $MRK $YUMC $ETR $CHGG $TMO $AZEK $BABA

$MRK woke up

$MRK yay back itm