Are Pfizer's Bounces Worth Fighting?
First it's one and thirty day charts. It's Tuesday and we are now going to look at the "in-the-money" 27.5 series of Puts that expire on Friday. A drop in the stock's price of $.50 would do wonders for these Puts. Company insiders are said to be buying shares in this company. The stock has being going sideways for a year. Now it's one day chart early at 9:56 a.m.. To jump this much in the first 30 minutes of trading is a rare occurance. Notice how low they traded down to (between 9:59 a.m. and 10:03 a.m.) in this spike upwards. Now this. A swing from $.32 to $.48. If your trading ten contracts at a time you could have caught some of this action and had the fun of doing this. * Here is how they closed the day. Yes you can pay the downside on unusual morning bounces but you have to be nibble in your trading and detached from this action after you sell out. Take any profit when you see them and just get out. Tuesdays after the close is my least favorite d...