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My Addiction To Pfizer Options.

I am sure it will go away but here is today's action. Addiction may be the wrong word, perhaps fascination is better. The DJIA index closed up 588 points on the day, a Wednesday after losing more than that on the previous day. Now Pfizer's one day chart. Can you see how it got dragged up? Now this. A look at it's Puts which expire on Friday. Now this. There was no trading in them during the last 2.5 minutes of trading. In some ways that's a good thing. Could tomorrow's market open down? Here is what it's five day chart now looks like. At 9:32 a.m. this morning it was trading at $25.62 and at 10:02 a.m. it traded down to $24.44. A drop like that on tomorrow's opening would do wonders for these Puts. Let's see what happens.
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Is Boeing Going To Jump On The Opening Tomorrow And Will It Be Best To Buy In After The Market Opens And Dips?

The title is somewhat complicated. Here is Boeing's five day chart. It looks kind of ugly.
Remember it had earnings come out mid-week. Now we are in the situation where one series of tomorrow's Calls and one series of tomorrows Put options will be one day options. I am more inclined to wait and consider purchasing it's "next-week-out" Call options near Friday's close hoping for a rebound on Monday morning after this weeks dust has settled. In any event here now are two series of Boeing Calls going into Friday .
Notice that there is next to no volume in the slightly "out-of-the-money" Calls. Boeing's chart once again scares trader's away. One linguering question remains. Was it's earning's report really a bad one? Sometimes fresh eyes a few days after an earning's report can shed some new light on things. The small open interest in the 220 Calls is about two and one half times smaller than the interest in the 222.50 Calls. That's to be expected. Yet why is the interest in it's Calls, in general, so low? One reason is that the trading action is more focused on stocks with good earning reports. Also included into this mix is a look at the 217.50 Puts. If the market's tomorrow open and go sideways or down two dollars these Puts in the $.37 cent range with one day to go might suprise.
Let's see what happens next. Now this at 10:06 a.m. The Puts did suprise.
Now this at 10:14 a.m.
Look at the volume going into next weeks Boeing Call options.
Options traders find security in thinking ahead about better days. Now a late lunch time update. The Puts are now toast.
Boeing is rebounding.
The 220 Calls we looked at back at 10:13 a.m. are rebounding and actually hit a high of $5.10.
Going into the Monday morning trading with next weeks 220 Calls is a good space to be in.

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