By Licia Leslie
May 2, 2025
Hi Shoppers,
Merck (Ticker: MRK) has traded to the top of the channel (which we took advantage of) which is resistance with a possible change in trend doji:
Now we do have confirmation of the stock trading lower on Thursday but before entering into some puts we need to clear those most recent lows.
So watch for MRK to trade below $82.75.
When it does (allow it some time to trade there) hop into some May16 82 puts and ride them down to $79.23 on the stock.
Take your money on your wins!
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
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