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Pfizer - Might It Jump?

Pfizer is somewhat range bound. In my blog yesterday I gave the example of how options it's short term options doubled in price on the opening. That event was a rarity and I referred to these options as being "suicide" options. It's options are super sensitive to any small changes in the stock's price. Here is Pfizer's "year-to-date" chart. It gets worse than that. Did you know that the Pfizer stock is down over 50% in the last three years? It doesn't help much to have Robert F. Kennedy Jr. on the scene. In spite of these circumstances here is a statement one of their companies spokespersons was recently brave enough to say. Now look at this chart. Do you ever think it's going to break above the twenty six dollar price level by January 16th 2026? This Call last traded at $.56 or fifty six dollars. Maybe a one year chart would be better to look at than a "year-to-date" chart. Should we listening to what that Pfizer spokesperon is...
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Buying Caterpillar - A "Catching a Falling Knife Trade".

In with two "Calls" at $1.59 each which expire the next day. The stock is down ten dollars in three days on no real news. This kind of judgement calls is sometimes difficult to make. The stock seems to dropping on light volume which is better than on heavy volume. It's a "no news scenario".
Let's see what happens next. A 10:30 a.m. update, one hour after I got in. I am down something like 37%. At this point in time it has turned into a "sit-and-wait" hold. What I like better is an"in-and-out" in thirty minute trade.
Now another look at it at 11:30 a.m. with the D.J.I. now up over 225 points. Remember I got in at $1.59 a contract. I don't enjoy these having to wait until Friday morning situations.
There was a bounce on Friday morning and I got out. It's difficult to read but it says two contracts sold at $3.60 each at 9:49.a.m. Here is it's morning chart.
Would I make this kind of trade again? I am attracted to these "falling knife" chart formations. This one turned out OK for me. My point is, the next time you see one of these chart formations happening remember this blog and my comments about jumping in to quickly. Hopefully my comments will help in saving you some money.

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