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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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What's Going On With Google?

It's Wednesday.
....
Now this.
But wait. Look at how it's one day chart changed over the next few hours.
I took a couple of hours away from the market to go swimming and I missed much of the downward action. Here is another chart showing how these Puts just traded. They went from $350.00 to $708.00 at 12:35 p.m. in less than an hour!
I wrote a similiar blog about Google moving like this ( one day short term trades ) back on January 13th. Trumph has a way making statements which then moves the markets. The strenght this afternoon comes from statements he is not going to put tariffs on Greenland. What we now has is a market ripe for extreme daytrading.

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