MERC
MERC
$0.17 · scored 13:40 · fresh
Decision brief
BEARISH · 62/100
What changed
No prior comparable read.
Evidence is current.
What would change the view
composite rises above -15 · confidence deteriorates materially from 62/100
For the read
options volume favours calls · open interest agrees with the read
Against / uncertainty
signal stability is low
The read
Mildly bearish, moderately evidenced.
−100 bearish0bullish +100
−17.6 composite
Evidence
62 / 100 · top 20% today
998 contracts · quality 55 · stability 0.00
hasn’t paid +8.39% · n=2,729
What traded today · weight 62%
+8.0 pts
563 calls · 56.4%435 puts
bias +12.8 × 0.62
What’s on the books · weight 38%
−25.6 pts
2,708 call OI · 16.3%13,860 put OI
bias −67.3 × 0.38
Equals
−17.6
24% of the score comes from today’s volume, 76% from open interest. Disagree with either?
See the method.
tape composite (bars)— price◆ big one-day moves
NO HISTORY YET
We started scoring MERC today.
There’s one reading so far. The 14-day chart fills in as the hourly tape arrives. Nothing here is back-filled or guessed.
03
Should you trust it?
noteSome evidence, not a lotconfidence 62 (80th pct) · quality 55 · 998 contracts
noteJumpy0.00 vs 7-day rolling · choppiness 0
againstThis kind of read hasn’t paidmildly bearish · balanced · low liquidity → +8.39% avg, n=2,729
noteToo few of our calls checked0 closed calls on MERC
04
Where the positions sit
calls tradedstrikeputs traded
Spot $0.17 highlighted. The $1 strike holds the most open interest (the “wall”, 6,936). Near-dated expiry in the mix, so OI is noisier.
05Our record on MERC
Proof We haven’t checked a call on MERC yet. Each read is checked 4 hours, 1 day and 3 days after it’s made.
06
Catalysts & context
EPS surprise · last 4 quarters
No reported quarters stored yet.
Street —Next report —
P/E —Beta —
52w —IV rank —
MERC
Mildly bearish, moderately evidenced.
−100 bearish0bullish +100
−17.6evidence 62
hasn’t paid +8.39% · n=2,729
Why it’s −18
+8.0 volume · 56% calls−25.6 OI · 16% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
noteSome evidence, not a lot
confidence 62 (80th pct) · quality 55 · 998 contracts
noteJumpy
0.00 vs 7-day rolling · choppiness 0
againstThis kind of read hasn’t paid
mildly bearish · balanced · low liquidity → +8.39% avg, n=2,729
noteToo few of our calls checked
0 closed calls on MERC
What traded today · 62%
+8.0 pts
563 calls · 435 puts · bias +12.8
What’s on the books · 38%
−25.6 pts
2,708 call OI · 13,860 put OI · bias −67.3
tape composite (bars)— price◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bullishcomposite · crosses 0
Evidence drops below 60conf · below
Price reaches the $1 wallprice · above
3 days before earningsnot yet · earnings
Score moves ≥10 in a daynot yet · delta
Ask about MERC
Not enough tape history on MERC for a weekly brief yet. Ask anything below.