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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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Walmart Starting With 2:25 p.m. On A Monday. It's Christmas Week.

First the one day chart.
The markets on the day are down.
Now it's Puts at 2:25 p.m.
Now it's closing price.
Now Tuesday morning.
In some ways we are wasting our time watching what seems to sideways motion. Is this what successful option trading is all about? It's not like watching Tesla or Caterpillar coming out with earning reports, or watching Boeing jump up in price over the last few weeks. There really isn't any reason to be in this position, other than the indexes are down for the second day in a row. With the clock ticking away at you is this a good time to be risking your capital? Not really. It is a struggle.
Now let's look at Walmart at the end of the day on Tuesday. The stock went down in value on the day as did the Puts. Yes the time value is going down which is partially to blame and the indexes also had a drop. These are quiet markets during this holiday period with fewer news report expected to be coming out.
Let's see what happens. Low priced "in-the-money" options with two day to go until expiring in this price range can suprise. At $.62 cents ($62.00) per contract these Puts could be a bargain. Here they are in aftermarket trading. Aftermarket trading this far away from the opening bell doesn't mean to much.
To be continued. Now Wednesday morning.
Now this. The market tanked near the end of the day.
$.65 to $.75 Not much of a gain. Christmas week is not the week for playing options. These options still have one days trading life in them. Trying to outsmart this stock at this juncture is not the way to go. Now one more thing.
With the low trading volumes all week hanging around for another day with no exit plan in case the stock goes the wrong way is not the space to be in. The end.

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