ACTIONS:

Buy to open the PFE February 33 calls (PFE150220C00033000, $0.57, down $0.09).

Buy to open the PFE March 33 calls (PFE150320C00033000, $0.68, down $0.10).

 

Dear Momentum Options Subscriber,

I have a New Trade for today despite the pullback and Monday blues. The chart work shows a triple-top breakout that could lead to another 10% move in the stock.

Shares are currently south of $32, and a run to $34-$35 could be in the works. If so, the call options I’m recommending should easily return triple digits.

 

Pfizer (PFE, $31.94, down $0.05)

Buy to open the PFE February 33 calls (PFE150220C00033000, $0.57, down $0.09).

Buy to open the PFE March 33 calls (PFE150320C00033000, $0.68, down $0.10).

I like both of these options at current levels. I will provide a detailed write-up and chart work on PFE Tuesday afternoon to show why I like the risk/reward these call options provide.

 

All prices given in this update are current as of 3:25 p.m. EST.

Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options