Last Chance + My Pfizer Play

 

Hi Shoppers,


At the time of this writing, the market is down significantly.


Looking at the Pfizer (Ticker: PFE) stock chart, it is holding up very well. 


PFE has traded down since its high of $51.86 on August 18th, closing Monday at $44.20.



I think PFE is ready to bounce here.


If it opens and trades higher, I will be a buyer of the Oct. 1 44-strike calls paying up to $1.03.



If these trade below $0.70, I will be out. I will begin taking profits at $2.00.


Trade Review


So over the weekend, I recommended buying a SPDR S&P 500 (Ticker: SPY) put spread and called SPY trading down to $436. I did not expect it to gap down and open there. So no trade was executed.


DO NOT FORGET YOUR VIDEO EBOOK!


Thanks for Reading … See You Next Tuesday!

Licia Leslie

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