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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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What Do You Do When You See Charts Like This?

First Tesla.
Caterpillar.
Look at how the markets closed today, a Friday. The D.J.I.A. was up 867 points. Thanks Mr. Powell.
By Monday there will be a new interpretation of everything Powell said. Look at how few Put contracts there are on these two stocks. Is there any logic to the markets? Yes. Look at how both Walmart and Costco sold off today on such a strong day. Everything Trump is doing is still a worry, especially to shareholders in these two companies.
Let's watch these two series of Puts on Monday. What an ending to the week!

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