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Opportunities Presented by Options on $30.00 Stocks.

Let's start with this chart. It's Pfizer. Would you have expected a pop like this, this morning? Now look at what the Call options did. I don't want to get into a discussion of "Can you read charts" however after one nice rally yesterday and second follow up rally could be expected. The 29.50 series of Calls doubled on a strong opening this morning. "Out-of-the-money" Calls on stocks in the thirty dollar price range call sometimes suprise.
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July Movement - One Week Action - Catching One Of These Moves And Staying With It

Quickly check out these six different five day charts amd look for a common theme.
Talk about a game of snakes and ladders! Was there a theme to the price movements of most of these stocks? Yes, with most of these stocks, the directional moves that happened on Thursday continued on over into Friday. Looking for one day reversals on stocks on Thurday afternoons and also going into Friday would have being a mistake. We are enjoying strong markets and this is the outcome of strong markets.These are not normal times.

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