
MRK – My Bullseye Pick of the Week - Bullseye Pick of the Week
MRK – My Bullseye Pick of the Week

MRK Call options near $1.20 (hit $1.50) – 2 days later $2.05 = 36%
My Trade Plan Details:
- MRK Sept 12 $85 calls near $1.20
- Stop: Closes MRK below $83
- Target 1: $87
- Target 2: $90
The market is starting to show signs of a much-needed pullback. This is not a time to be scared, but start to build your “shopping list” of key stocks you want to own on the next rally.
I am ready to jump back in with some big trades soon, but the timing just isn’t right. I am patiently waiting for key indicators I follow to tell me when it is a “safer” time to get aggressively get back in.
Tech stocks are on pause for me at the moment, but “boring” sectors like oil, gold, and pharma are looking very appealing for sector rotation right now.
Today, I am going with one of the largest players in the space, which is just starting to rebound from small consolidation phase.