My Fascination With Pfizer Options.
The DJIA index closed up 588 points on the day, a Wednesday after losing 870 points on the previous day. Now Pfizer's one day chart. Can you see how it got dragged up in today's action? I like Puts which are slightly in the money. 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.
