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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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My Friday Morning Feb17th Trading.

Here is what the market is doing just minutes after the opening. Not much. It's a Friday and I am looking at options that expire today and also looking at options one week out. I will talk about "next-week-options" later. Monday will be a holiday.
Here are my trades this morning and a picture of me. When I trade on Friday's it's always the first fifteen minutes of trading that are the most interesting to watch and try to play. Except that is when everything is going down.
* Telsa blasted up in the afternoon and the real action was in the Calls. I was lucky on that one to make money on a Put. Buying Calls on the opening that expire that day seems kind of dumb yet that's where smart money went. Look at the Call volume numbers.
Lucky on Visa also as the Calls I bought ended up expiring worthless. I was playing the 225 Calls between 9:47 a.m. and 10:36 a.m.
Boeing closed at $396.00. I didn't hang in with long enough after it came off a morning dip. On Friday's with one day options the less time that you spend in a position the better.
Trade times (lenght of average holding) was 14, 45 and 49 minutes. I was finished trading the one day Calls at 10:46 a.m. I didn't think to revisit a Telsa position at noon time but maybe I should have. What a rocket ride upwards it's Call options had on the day.

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