MomentumOptions.com Profit Alert (PFE) for 1/4/2023

11:20am (EST)

I have a Profit Alert this morning so let’s go check the action.

Profit Alert!

Pfizer (PFE, $50.18, down $1.08)

PFE January 50 puts (PFE230120P00050000, $1.00, up $0.44)

Entry Price: $0.80 (12/22/2022)
Exit Target: $1.60
Return: 25%
Stop Target: None

Action: Close the trade at current levels. With the 50-day moving average holding on this morning’s low, I would rather take profits and move on to better setups.

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