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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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A Continuation Of The Theme Of Playing One Day Options On Super Expensive Stocks And Tesla

Put options on Costco with two days to go in their trading life were scrutitized in my last blog. This blog on Netflix will be quick and eye opening. Here is it's chart yesterday which was a Friday.
At 9:31 a.m. Costco was trading at $1,265 up from the Thursday close of $1,257. That's an $8.00 jump. Now look at these two printouts.
The "out-of-the-money" Puts! Any ticket purchased on a "one-day" slightly "out-of-money" Put just after the opening bell on Friday paid off in spades. So few traders are catching this action. One final Friday development. Imagine owning "out-of-the-money" one day Calls on Tesla yesterday. Twelve dollar one day moves on Fridays create magic for one day option traders.
Tesla option trading over the past five years has attracted the masses.

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