Zion if the $48 PPS cannot hold what does it matter? The market was at a 7 day high when MRK hit $48 and it was the ex-div date to boot. So with those two things I think you can agree it was artificially high, which is why it is down today. We are all just trying to figure out the direction of the stock in order to make money.
Agreed as the s and p gets further away from 1650 MRK rises from $47.5. The price is $47.5 its just a fact not sure why everyone has been name calling at me. Trying to help everyone make money. I cashed $48 PUST this morning and about to cash $47.5 monthly PUTS just knowing this simple fact. You cannot just "HOPE" it goes up like Davis does. You have to understand the market and how to trade around ex-div