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A "Love-Hate" Relationship With Pfizer Options

Pfizer options often disappoint however there are times when they can be your best friend. Let me try and explain. First look at it's five day chart. The 24.50 series of Calls have more than doubled in price in two days. Volatile stocks like this in this price range attract an inordinate amount of attention when it comes to option trading and it only flares up during these brief periods when the stock has these extreme price moves. Look at the open interest in this one series of Calls below. It's quite substantial. Now for a simple calculation. If the stock moves up today to $25.00 these $.37 cent options on the 24.50 series of options will probably move up to the $.55 cent range. Buy and sell let's say a block of 25 contracts and you will be rewarded with a nice gain. Now let we share this one observation. Here is a look at how the D.J.I.A. traded yesterday. It was down. Who wants to be holding short term Call options overnight if the markets are souring? Wouldn't t...
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A Weekly Review Ending The Week Of Oct.4th

Let's start with the stock Ford. It's up. That's something that doesn't happen very often. Ford hitting a new 52 week high. Try and follow Friday's one day option action. Here is how two series traded.
Both the 12 and 12.5 series of Calls exploded on Friday. But wait, there is a twist. The action didn't really happen until 3:00 p.m. which is the time retail traders needed to be out of their position if they were playing this weeks option series. An equal amount of action happened with next weeks Calls shown below. Here they are.
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........................................................................................................................................... 2) I did a blog on the Canadian company "Dragonfly" back on Sept.20th when it was trading at $4.42. The January 2026 five series of Callsat that time were trading at $.55 with only 91 oustanding contracts open. The printout below illustrates that.
Here it is now. Only a few traders have taken their profits. That's suprising.
Now they are up tenfold. One more stock mentioned at that time in the same space was "Unusal Machines" and it was at that time $10.77. Now it's at $16.29. 3) Boeing. Here is it's five day chart. On Wednesday September first I did a blog on mid week reversals and I said I like Wednesday Call options on the close more than Tuesday Call options in general.
Boeing had a nice jump on Thursday. It then went on to do little Friday. 4) Exxon. Here it it's five day chart.
On Thurday at 9:35 a.m. I singled out the Friday 112 series of Calls which were trading at $.68 Cents at 935:50 a.m. which then hit $1.26 at 10:00 a.m.. (later they went on to trade as high as $2.00 before then selling off). ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.................................................................................. 5) Pfizer had it's best week upwards in price in a long time. Look at this chart. It went up.
Now look at one portion of it's Thursday October 1st chart.
I did a blog saying buy on a dip. I showed the 27 series of Puts dropping between 11:55 a.m. and 12:50 p.m. going from $.32 cents to $.44 cents.
Other things also happened like Tesla selling off on Thurday and Friday on this following good news. It was off $10.57 on the week.
Look at it's chart and look at one series it's "at-the-money" options. Traders were all over them. Tesla options are best played hour to hour and not day to day, especially on short term options which expire in the last two trading days of the week.
There is so much to watch. Weekends offer much needed "time out" breaks.

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