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A "Love-Hate" Relationship With Pfizer Options

Pfizer options often disappoint however there are times when they can be your best friend. Let me try and explain. First look at it's five day chart. The 24.50 series of Calls have more than doubled in price in two days. Volatile stocks like this in this price range attract an inordinate amount of attention when it comes to option trading and it only flares up during these brief periods when the stock has these extreme price moves. Look at the open interest in this one series of Calls below. It's quite substantial. Now for a simple calculation. If the stock moves up today to $25.00 these $.37 cent options on the 24.50 series of options will probably move up to the $.55 cent range. Buy and sell let's say a block of 25 contracts and you will be rewarded with a nice gain. Now let we share this one observation. Here is a look at how the D.J.I.A. traded yesterday. It was down. Who wants to be holding short term Call options overnight if the markets are souring? Wouldn't t...
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Mid Week Reversals On Boeing. Is Smart Money Buying The 210 Calls Just before The Close?

I like Wednesdays for mid week reversals. This week is more difficult than usual because the U.S. is at war. These aren't normal markets with the projectory being down. So here is Boeing's morning chart at 10:26 a.m. Remember the first hour of trading and the last hour of trading have the highest volumes of trading.
Now two series of it's Call options.
Notice the interest in the "at-money" Call options as compared to the "out-of-the-money". Call options. Daytraders are looking at "in-and-out" situations. Now this, a look at the movement one hour later. Boeing continues to go down. I have also added a look at the 205 series of Calls. They are all sliding down.
....
Is there now at 11.45 a.m. an uptick?
Now at 12:03 p.m. Things are stalling out again.
What does Chat GPT say about this situation?
All three series of these Calls are taking a beating. Now this at 12:25 p.m.
Now this at 1:30 p.m.
Now it's readings at the end on the day.
NOW IT'S CURRENT FIVE DAY CHART AT THE CLOSE ON THURSDAY.
The stock dropped all day making it difficult to get excited about playing the upside. Did smart money buy into the 210 Calls just prior to the close? Do markets sometimes rebound after drops this large?
Looking for a rebound on a Friday morning is now a dangerous game. These are not normal markets for option trading.

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