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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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A Week With Boeing Up $35.00

"Boeing" is up over eleven dollars on the day and the DJI is up over 350 points. It's 1:17 p.m. in the afternoon on a Wednesday. What are the odds of being able to make money playing "Boeing Puts" on the downside which expire this Friday? 50:50? The real question is why would you want to? The stock is now up over twelve dollars on the day. Here is the daily chart and here are two near term "Put" option positions. Would now be a good entry point looking for a reversal?
Notice in the twelve minute difference in the period of time between these two printouts "Boeing" has gone up by almost a dollar. Other stocks like "Disney" and "Caterpillar" sometimes have five dollar a day rallies and sometimes they don't stop going up for a couple of days. When a stock goes up twelve dollars in one day you can't really wander in willy nilly hoping for a reversal. Now here is an end of the day chart on "Boeing". Look at what today's "Calls" did. Notice the extremely high number of "Call" options traded.
Now a next day March 11th 10:00 a.m. update. "Boeing" continues to charge up. There doesn't seem to any real news as to why. If your holding "Call" options one of the most difficult things to do is to avoid the temptation to sell out.
What a ride for the "Call" holders. This type of action is someone unusual but "Boeing" is an amazing stock to watch/play when it is on fire. A Friday morning pre-market report. "Boeing" is up something like $35 dollars since Tuesday. Once again what a nice ride for any "Call" holders. Here also is a five day chart after the closing bell.
Now we end the week with the followng news.
Here now again are the March 12 240 "Calls" which are up ten-fold from where they were only a few days ago. Look at Boeing jumping over $17.00 in one day.
What is there to make of all of this? Well, keep this blog in the back of your mind and six or ten or fourteen months down the road when you see it rallying at the start of the week. Don't be afraid to go along for the ride.

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