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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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Sunnier Days

The Dji index is down 500 points in one morning's session and it looks like some stocks might be looking for reasons to rebound. Look at Moderna, a drug stock and it's five day and one day chart as of 12:30 p.m. today. It's down sixteen dollars on the day.
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Here are a look at two series of Call options on it which expire at the end of the week.
What's now happening? Players are looking for swings. If Moderna was to gain back half of what it lost on the day in the next few hours then the Calls with the two hundred series striking price might rebound back up to three dollars. It's the two dollar options which are trading with more volumes. So option players are looking for a three hour afternoon rebound to make a gain of fifty percent on their investment. Fair is fair but think of all the speculators who bought in when the stock was five or ten dollars higher earlier this morning looking for a rebound. In the big scheme of things when the markets drop five hundred points in one morning and your sitting on the sidelines the best thing to do is wait for sunnier days. *** Part two. This morning Boeing continued to move up, following it's recent trend. Yet why is it going up if the rest of the market is crashing?
Boeing did finally decide to sell off in sympathy with the rest of the market as the above chart shows and at 1:10 p.m. here is what these Puts looked like. It's mid morning running out of steam did create a playable trade. I will recap both of these trading situations at the end of the trading session.
+++ The markets traded sideway all afternoon and never came back. No pop in Moderna and Boeing tried to rally but then gave it all up. That's why you kind of have to stay away on mornings it drops 500 points.
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