
Traders Buy Large Volume of Put Options on Merck & Co., Inc. (NYSE:MRK)

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Merck & Co., Inc. (NYSE:MRK) experienced a significant surge in put options trading, with 177,669 options purchased, marking a 341% increase from the average daily volume. The stock price fell by 1.5% to $84.35, with a trading volume of over 20 million shares. Merck's recent quarterly earnings showed a revenue of $15.62 billion, slightly above estimates, but EPS missed expectations. The company also announced a $10 billion share repurchase program and a quarterly dividend of $0.81, reflecting confidence in its stock value.
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