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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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If a Stock Drops 10% In One Day Can You Play It For A Two day Rebound?

Here it is.
Here are the 240 series of Calls that expire in two days.
$565.00 U.S. is a lot of money to shell out as an experiment. Now this. The next days action. Half of this options life has now disappeared.
Now a look at its five day chart which tells a different story.
I don't like chart charts that look like they are languishing sideways. This one does. Analysis explained this drop away under the guise of "macro shift's" happening within the industry, not company specific reasons. With just one trading day left I would get out. Hanging in is to big a gamble. Wednesday's index loss was almost 500 points and today's action
was an across the board market rebound. Get out and start tomorrow with a clear head. Read my previous blog on Pfizer options which also traded during the same time period. *** Friday morning's early action. Yes it couldn't hold it's gain.

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