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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.

Pfizer - Five Day Options Starting On A Monday Morning.

Monday December 29th The DJIA dropped on the opening. Not a massive drop, just like 250 points. So I am looking at Pfizer again, this time to the upside.
It's only down $.07. The option volume is healthy which is a moderately good thing. If the markets rebound upwards then these options will be super sensitive to a rebound. Buying one week until expiring Call options on a Monday morning is not usually a smart thing to do. By waiting until the afternoon hopefully morning jitters will be behind us. Now this, a look at it's five day chart. Charts are important.
Now a 2:05 p.m. update. First it's current one day chart and another market update. Options on stocks in this price range do not kick as much as stocks in the $100.00 price range. Stocks like Netflix are more exciting to play but cost ten times more per contract to buy. Pfizer can jump $.50 in one day and that's what we are hoping for. Netflix can jump $5.00 in one day.
The markets are still struggling.
Now this at 2:09 p.m.
Now it's final Monday closing reading.
The markets never rebounded.
So what next? Pfizer the following morning. These Call options are now "out-of-the-money" and are super sensitive to the stock's lastest two cent drop.
Here is it's chart. The open interest in the Puts is now double what it is in the Calls. That doesn't bother me however it is not what you would expect.
The nice things about $.12 options is that they can quickly go to $.20 options. Look at how they spiked upwards back on December 24th. Here is what the D.J.I.A. index is doing. I keeps selling off.
Now this on the close. Only two trading days remain. In option trading two days is a long time away.
Down but not out. The markets closed down again on the day.
To be continued. Now 11:30 a.m. on Wednesday. The Puts are holding their own as the stock is only off a few cents. The Call holders are starting to feel the pain.
Now a 11:30 a.m. readout.
What a tough game to be in.
Here is how the markets closed the day.
With one trading day still to go anything can happen. Here is it's closing chart. Look at how the stock sometimes jumps on the opening.
Trading volume on the day was light.
Let's see what happens on Friday morning.**
It's now Friday morning at 10:54 a.m. The 95 series of Calls hanging in.
In a ten minutes time period another chunk of option Calls were purchased. Let's get to the end of the day.
What a scary ride just to get back to where we started.

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