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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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The Power Of Tesla Calls Ten Dollars "Out-of-the-Money" With Four Days To Go

First it's chart. Tesla closed up last week $16.79.
Now a look at one series of it's one week Call options in the late afternoon on a Monday. These are like ten dollars "out-of-th-money" and will quickly lose half their value if Tesla has a downward opening. It really needs a five dollar bounce just stay even. It's going to take a six or seven dollar jump to keep these options in the game.
Now another Call options series even five dollars further "out-of-the-money". A ten dollar bounce would cause these Calls to double in price. What a risky proposition. But it's Tesla.
A lot can and will happen in the next four trading days. Day two, a Tuesday brought disappointment with time value wastage being a concern.
To be continued. Wednesday. It's getting closer to Friday.
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Tesla had a healthy gain and has price gyrations of five and ten dollars frequently. These are optons are to be traded, not sat on. Holding overnight last week options positions on Tesla on Tuesdays is not as scary as holding them overnight on Wednesdays. It is however still scary. From my point of view, with only two trading days left in the week it's best to be out of these Calls until after the opening bell on Friday mornings. Then decide if you want to trade Friday's action.

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