Buy to open the MRK May 57.50 calls (MRK160520C00057500, $0.33, up $0.04) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon on a name that is showing strength amid a weak tape today. Shares of Merck (MRK) are challenging multi-month highs, and they could be setting up for a run at the 52-week high north of $60.


Merck (MRK, $54.56, up $0.16)

Buy to open the MRK May 57.50 calls (MRK160520C00057500, $0.33, up $0.04) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.45 to get the best fill.

Shares are in a strong uptrend and are making an assault on the $60 level. Today’s range for the options has been $0.23-$0.34.

These are the regular monthly options that expire on May 20, and I will provide the parameters of the trade in tomorrow’s Pre-Market Update.


All prices given in this update are current as of 2:30 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options