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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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Boeing Calls on a Monday Morning And The DJIA Down 500 Points

Let's start with a few premarket opening numbers.
Not a happy opening. How do you tackle the week in option trading when it starts like this? Do you jump into Calls hoping for a rebound or do you stay away? Let's see the volume of trading on some of our favourite picks in the first five minutes or so of market trading. Note fifteen minutes into the trading day the DJIA is down about 500 points.
What is there to learn from this? Well don't expect a noon reversal. There might be buying opprtunities after three in the afternoon so sit tight and do nothing. Here are a few closing prices. Will the markets rebound and is this a welcoming buying opportunity for option players? No one knows and snap rebounds often accompany these major sell offs. Any kind of bounce on the opening tomorrow may be short lived. Here are the closing numbers.
Tomorrow we will look at "the open interest numbers" to try and see how positions increased as or if, computereized trading kicked in. Boeing seemed to sell off the least today making it look more interesting than others. Boeing has many daily news reports.

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