MomentumOptions.com Profit Alert (PFE) for 3/17/2021
Given today’s weakness in Pfizer and the upcoming Fed announcement, I want to take a slight profit in this trade instead of a possible loss.
I was hoping momentum would continue in the stock but we can wait on the sidelines to see how things shake out with today’s Fed meeting while lowering exposure on our overall portfolio. Additionally, volatility has popped back above the 20 level.
Pfizer (PFE, $35.51, down $0.32)
PFE April 36 calls (PFE210416C00036000, $0.68, down $0.09)
Entry Price: $0.55 (3/15/2021)
Exit Target: $1.10
Stop Target: None
Action: Close the trade at current levels to lock-in double-digit profits.
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