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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 tomorow's market open down? Here is what it's five day chart 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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So Tesla Drops On The Opening On A Tuesday

It's chart.
A look at it's Calls.
A look at Tesla a minute or two earlier.
Can you jump in the play it for a rebound? These Calls are down 50% on the opening.
So we are experiences early morning market jitters. Tesla was down $37.12 last week. That's like $5.00 everyday. Is looking for an upward reversal simply wishful thinking? Hold that thought. Now this, another shoe has fallen off.
A new thought. 10:00 a.m. often times are for lack of better words "points of inflection" or better yet, "points or pre-inflections". There is no reason for the stock to stop dropping but computer buying programs might start to kick in willing to accept the obvious degree of risk. Is that at 10:07 a.m. what we are looking at now? The problem with rebounds like is that if the stock starts move up a touch it runs the risk of getting knocked down again.
I don't like trading Tesla this early in the week with it's option series that expire this Friday. Let's walk away from this situation and check back in later to see what ends up happening. Now it's end of the day readings.
The Venezuela story is taking the action away from stocks like this. To be continued.

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