Pfizer (PFE) is up 14 cents to $22.74 and one of 27 Dow stocks holding gains through Noon EDT Friday. Recent options trades on the drug-maker include a Sep – Oct 23 call spread, bought for 12 cents, 25000X, and probably rolls a position in Sep 23 calls opened on May 15 for 66 and 68 cents (which was rolling out of Jun 23 calls). The stock is up about 25 cents since that time and the position is being liquidated at 56 cents. A new bullish position in October 23 calls opened for 68 cents per contract.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.