Pfizer. Playing The Momentum Of An Unexpected Rally.

Many of the drug stocks are up today (a Wednesday) on news. As an example, look at how Eli Lilly is doing.

Can you catch some of this action? Let's look at Pfizer.

One would think that one is to late to the party. Look now at the pricing of these Calls at 11:55 a.m. which expire in two days. This slight dip in it's chart creates an entry opportunity. With a strong upwards projectory like this dips do not last very long. This blog is about buying Calls on the tiny dip you see on the above chart.

Now this, fifty-five minutes later. $.32 is now $.44. This has become a profitable trade.

Can you see how the stock is up only marginally.It's 12:50 p.m.. This is the kind of trading nimble Wednesday option traders teach themslves to do.

Here is how Pfizer closed the day.

It did lose steam on the closing and because of this might open softer on the opening.