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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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Part Two of Why Tesla Is An Easy Stock To Blog About

I will try and make this blog as simple as possible. My question is would you be buying a slightly "out-of-the-money" Call option on Telsa at 3:59:57 p.m. on a Thursday afternoon that expires the next day after the D.J.I. has dropped over 500 hundred points on the day and after Telsa dropped over nine dollars on the day? Has anyone ever asked you that before? Would doing so be out of your comfort zone? As a backdrop to this question you might want to read my last blog. Look at this. It's the one day chart showing how Tesla traded on the day on Friday March 10th, a day when the D.J.I. end up closing down again over 300 points.Talk about rough markets.
After it's previous days demise of over nine dollars a share it actually went up a touch in the morning opening and then drifted sideways for the rest of the day. The "out-of-the-money" 172.50 Calls closed on Thurday (the day before) at $2.97 a contract. Now look at this printout showing how they reached a high of $4.50 in ths first thirty minutes of Friday morning trading.
They actually did go on to reach a high of $590.00 on the day. Here is how this series of Calls traded on the day and then closed.
A recap. In my last blog I said don't buy Call options on Thursday mornings that expire the next day. It's best to wait until the end of the trading day. Tesla Call and Put options are currently the most interesting stock options in the world. Playing them is not like throwing darts at the wall.

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