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Suicide Options

Do you want to split hairs, meaning do you want to chase the most miniscule of moves in a stock's price? With the way options are structured on Pfizer you can. Look at this five day chart on Pfizer and look at this particular Call option series. These are the 24 series of Calls that expire this Friday. Why do I think these Calls offer good value? Two reasons, the first being that this stock trades on high volumes. As as of 3:50 p.m. today the stock has traded in excess of 39.6 million shares. I take comfort in this number. With this much volume I would think that the option makers would have less power and less desire to control any short term directional moves that this stock has. The second reason I like these options is that they trade in one dollar increments. I like that. In my blogs about Walmart I mention the same thing. In this case we now have a "Bid" of .22 and an "Ask" .25 with a high on the day of .42. Purchase these options in quanties of 20, 30, ...
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An Introduction

Online trading accounts. Some people call them a gift from the Gods! Instant access to a world of endless trading opportunities. Seamless executions with one click of a mouse.
My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” stockbroker. Prior to that I worked for a "boiler room" type operation which fosued on mining stocks. I did not fit in well.I was busy trading EXon options and watching the back office skim money off of my profitable trades. I now work in an unrelated profession, but I still have a passion for day trading. I like Fridays for trading "one-day" options that are soon to be expiring. You can get the most bang for your buck on that day if you correctly anticipate which way an individual stock is going to move. Often times they change direction after the first hour or two of trading. That makes trading options on them more interesting. One of my favourite stocks to trade options on is “Caterpillar” because daily swings of two or three dollars on it are the norm. It is also a  stock very much void of most market chatter.
It is however largely owned by institutions who sometimes have a herd instinct when it comes to trading. 
There are times when I will take a week off from watching the market, knowing that I will be not be handicapped when I return to the action.  Option trading always offers a world of trading opportunities. Donald Trump has in some ways helped to make option trading easier. Stocks now move up and down everytime he says something about tariffs. Without any further introductions let me share with you some of the things I see happening in the markets. I offer no promise of instant successes. I just think that people in general will benefit from being exposed to platforms like this. Coming soon will be a sister site called "Ford Puts.com."

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