Technical Violation/Volume Alert: Merrill Lynch (MER)

247admin — Mon, 28 Jul 2008 19:05:00 +0000

Today could represent a ket technical violation in shares of Merrill Lynch & Co. (NYSE: MER). Shares are down 10.5% at $24.65 as of 3:10 PM EST. We have seen almost 39 million shares trade hands, compared to an average daily volume of 28.7 million shares.

The key level to watch is $24.69. That isn’t a 52-week low or multi-year low, but that $24.69 level does represent the lowest closing price that was seen back on July 15. On an intra-day basis, we saw lows on that day and the day after of $24.58 and $23.64. If we close under the $24.69 level then we’ll have far more consequential technical discussions by chartists than if we just had an intra-day violation. So far today’s intra-day low before 3:00 PM EST was $24.45.

Jon C. Ogg
July 28, 2008

Merrill Lynch Put Option Activity (MER)

247admin — Tue, 24 Jun 2008 19:11:36 +0000

Merrill Lynch & Co. (NYSE: MER) is seeing some accelerated PUT OPTION activity today in the various JULY 2008 expiration PUT contracts. Based upon all the rumors around almost every single financial, it may not be totally abnormal. What is interesting is that with a $35.00 stock handle, some of these are WAYYY out of the money. All the volume is for the near month expiration as well.

Here are the unusual PUT OPTIONS for JULY 2008 exipration by Strike Price:

Strike    Volume    OpInt.
$22.50    10,399    10,251
$27.50    21,978    7,597
$30.00    3,143      47,783
$32.50    15,688    22,671

As of 3:08 PM EST shares of Merrill Lynch are up 1.5% with other financials at $35.08 and we have seen 28.3 million shares trade hands.

Avg. Volume: 24.4 million
52-week range: $34.01 to $89.23

Jon C. Ogg
June 24, 2008

Volume Spike Investor » MER

Technical Violation/Volume Alert: Merrill Lynch (MER)

Merrill Lynch Put Option Activity (MER)