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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, Ford, Caterpillar and Tesla All Charged Upwards On The Week and Nio

Perhaps the best week of the year for Call option players with a short term perspective.
Tesla for example up like thirty dollars on the week. There were short term options on it that increased ten fold. The little exercise I wrote last week about buying Ford Calls at six cents each that ended up on the week selling for over one dollar each a contract actually happened. Is there a need to teach people how to play options? Yes and no. There is an expression 'knowledge is power'. There is the expression 'the rich get richer'. There is a proverb that says 'you can lead a horse to water but you can't make him drink'. But then again people have mortgages and bills to pay and money to play option with doesn't grow on trees. Who am I to tell people what to do? Spreads and straddles and doing iron condors. Sophisticated option traders describe the experience of playing options to being like driving an airplane and pulling levers at the appropriate times to help level out the ride. What do I enjoy the most about option trading? I like earning seasons and reading or hearing the comments made by company directors about future stock projectories. Harley-Davidson for example talking about more normalized markets for them ahead. I like listening to earning conference calls. I like focusing on the four stocks listed above because to me they are all "workhorse" stocks that have stories to tell. Somedays or weeks I like to walk away from the markets knowing that when I come back my absence away in a strange sort of way will actually help me focus on new opportunities with fresh eyes. That said, it's Monday morning and the markets are opening in two minutes. Have the markets run out of steam? Look at this action on the first fifteen minutes of trading. The auto stock Nio I talked about last week. First look at the one day spike it had last week. Does that suggest it could happen again?
Wasn't the stock ripe to have a repeat jump this morning?

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