Geelouis. MRK low @ 42 today (12-20-12) on failure of ONTY drug yesterday. Excellent short if held. Should have seen some odd sign coming because MRK was trending lower when the broad markets were strong last couple. Note.
Super heavy call spread volume going on here on 12-12-12. Need to watch. 2/3 ratio 30/40 Jan 13 call spread...over 900k volume. Insanity. Might close out puts if heads lower. Not risking too much in this one.