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My Addiction To Pfizer Options.

I an sure it will go away but here is today's action. The DJIA index closed up 588 points 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 tomorow's market open down? Here is what it's five day chart 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 Look at Four Different Call Options On Big Name Stocks Going Into A Mid Week Trading Session- Part One

I don't like overnight Call options on one week options going into a Wednesday mornings. The time value built into option premiums is to much. Let's follow these four one-day situations. 1)
2)
3)
......
4)
Let's check in tomorrow to see what option trading patterns we observe. 1)
2)
3)
4)
So up 18%, 6%, 9% and down 57%. So my point is that there are no real gains to be had from holding overnight positions on Tuesday, on short term "one-week" Call options. Yes the D.J.I.A was down on the day and yes the sample size was very small. It's just that my feeling is that Tuesday night overnight Call positions just don't excite. Option trading is the study of enterance and exit points. Now here are the readings on Thursday close. 1)
2)
3)
4)
So down 54%, up 66%, up 89% and down 45%. Yes the D.J.I.A was down a small amount today. So what does this tell us? The action of holding short term Call options purchased on a Wednesday going into Thursday is greater than the action of purchasing Calls on Tuesday going into a Wednesday. We will check back in after the close on Friday for the final readings and a conclusion.

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