Bullish option flow detected in Merck with 11,924 calls trading, 1.6x expected, and implied vol increasing over 1 point to 20.87%. Jun-23 120 calls and Jun-23 97.5 puts are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.66. Earnings are expected on April 27th.
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