SHORT MRK/ BUY 1/12/2024 115 PUTS
MRK is up a massive 7 days in a row as the stock is getting super stretched by all classic metrics. The rotation into pharma is very defensive but this stock is trading like a growth name now, and no doubt a Burn Notice to own MRK has lifted the stock well above fair value. 1 star trade last hour. 3:00-4:00
