Sidewinder Update: Merck (NYSE: MRK)

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Out of the gate, a Merck & Co. (NYSE: MRK ) options investor bought 4,980 February/March 37 call calendar spreads for 51 cents per spread . In this neutral strategy, the investor bought the near-the-money March 37-strike calls and sold the February calls with the same strike betting on greater volatility, or a bullish run higher throughout the next 36 trading days until March options expiration. MRK shares are currently relatively unchanged at $36.19. The company is scheduled to announce earnings figures on Feb. 16. Analysts estimate earnings of 78 cents per share. MRK did not announce any notable news today.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Options

Referenced Stocks: MRK

Karla Yeh

Karla Yeh

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