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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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Hanging Onto Call Options Overnight On A Wednesday On Options That Expire In Two Days.

In my last blog I said don't do that. The Calls on Tesla that we first started to talk about on Monday afternoon went sideways to down on Tuesday and the doubled on Wednesday. I said take your profits. Just be happy and get out. Was I wrong in my call? Well yes and no. Look at how Tesla traded on Thursday morning.
. It closed on Wednesday at $349.57, opened Thursday at $350.22 and dropped to $348.52 before taking off upwards. So Tesla stuttered on the opening. Anyone buying a Thursday morning Call just after the opening (that expires the next day on Friday) would have made a lot of money. (Don't trade on my advise). I just want to wake my readers up to the concept of "One week Options".
Now look at it's ten year chart.
Will it break new highs shortly? Now Friday. Look at how the 335 Calls closed.
* When we first started looking at the 335 Calls back on September 8th they were at $380.00 a contract! They closed today at $6,090. Tesla is on fire. Some of the "out-of-the-money" action today was even wilder. These one closed at $5.00 per contract. Their previous close was in the $.13 cent ($13.00 dollars) and dropped down to an interday low of $1.00 a contract before bommeranging at one point in time back up to a high of $315.00 a contract!
I would now think that this stock has to take some form of a rest.

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