Trade Entry Instructions — September 10th, 2026 — Third Trade

Merck (MRK)

Enter these legs together as one complex order:

1. Buy to open 1 MRK March 19, 2027 $155 call,

2. Sell to open 1 MRK March 19, 2027 $165 call,

3. Sell to open 1 MRK March 19, 2027 $125 put,

4. Buy to open 1 MRK March 19, 2027 $120 put,

Maximum net debit: $2.00

Order: Day

Maximum gain: $800

Maximum loss: $700

Payoff figures assume one contract per leg and exclude …