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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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Earnings on Elli Lilly.

They were great. Did you miss playing them? Was it a bet to rich to make? There was however an opportunity to profit on it's downside shortly thereafter. Let's begin.
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Nice chart, right? Could you have bought the Calls on the closing the day before? Here is how they closed the day before. They closed at $19.31. Anything above $760.00 would be pure profits. The stock went up on the opening to $795.50.
But wait. What goes up must come down. Here are the
790 Puts at 10:01 a.m. That was very close to the top of the days trading range. I was watching them. They were at 10.85. The stock at that time was $794.43. If your a short term trader here how things were different at 12:42 p.m.
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The Puts had a healty move. To be continued.

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