I’m Thinking Doji

Hi Shopper,


Is Friday’s candle in Pfizer (Ticker: PFE) a doji?



It could very well be a doji – and it is very close to the 50-day moving average.


PFE has traded down from a high of $61.71 on Dec. 21 to Friday’s close of $54.95.


If PFE opens and trades higher Tuesday, I would be a buyer of the Jan. 21 55-strike calls:



Now these calls only have four days of life as they expire on Friday.


I would like to pay around $.80 for these.


I will sell out of these if they trade below $.55 and begin to take profits above $1.40.


Thanks for Reading … See You Next Tuesday!


Licia Leslie

Licia Leslie

Licia Leslie

Share This Article

About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

Popular Posts

Categories

Stay Updated

Subscribe to our newsletter for daily trading insights

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST