When All The Drug Stock On Your Watch List Are Down
Can you pick just one stock on this list for a rebound? Here is my list. Now let's look at Pfizer. I don't like trading short term options on Tuesdays because I know Wednesdays are better days to be looking for meaningfull reversals. When the morning dust settles might these ones look promising for a rebound? The stock is down almost one dollar. The opening market have traders wondering if they should be buying into this dip. What happens if the markets decide to drop 500 or 700 points? Now, here we are 15 minutes later. Can you see with these "in-the-money" 24.5 Calls the option makers have widened their bids and asks. They are getting defensive as this could be an inflection point. At the same time the 25.5 Calls which we first looked at now further "out-of-the-money" have taken a beating. Here they are. Look at this chart at 10:39 a.m. Just the fact we are only about an hour into the trading session tells me that it is still to early to be looking fo...