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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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The Trade Of The Week

Boeing Calls suprised on Friday.
The stock dipped at 10:00 a.m. So did the Boeing "at-the-money" Calls at that exact time.
I often talk about Boeing options, most usually in the context of purchasing one week out Call options on Boeing at 3:59:56 p.m. or 3:59:57 p.m. on Fridays "at market" looking for jump upwards on monday mornings. I also note that 10:00 a.m. as well as 12:00 a.m. are commonly periods of time in the trading sessions where reversals in stock prices can take place. This phenomena is not an illusion. In this instance, there was an opportunity to pay $20.00 per contract for one day Call options on Boeing that were expiring that day which ended up closing the day at $990.00 Your timing in doing this had to be spot on. In all fairness it is not everyday that Boeing jumps up almost 5% in one trading session. Call options on Boeing at that time which where "out-of-the-money" had even more extreme upward moves. I don't want to bore you however I will provide one further example, the 220 series of Calls.
Image getting in somewhere around the four dollar per contract price and watching it float up in price for the rest of the trading session! Last week the DJIA index shed 339 points. I struggled all week with my blogs on Pfizer, Netflix and Walmart. I was caught up in the drudgery of watching 10 and 15 dollar soon to be expiring "one-week-options" looking for home runs which never ended up happened. After experiencing what happened on Friday those efforts seem misaligned with what is happening in the big picture. So be it. Option trading is not everyone's cup of tea. Learn to find the best trading opportunities. Boeing was up $11.33 on the week.

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