11:40am (EST)
We have a New Trade on a favorite name that is back in a downtrend after struggling to clear and hold its 50-day moving average over the past nine sessions.
New Trade!
Pfizer (PFE, $40.48, down $0.07)
Buy to Open PFE May 40 puts (PFE230519P00040000, $0.90, up $0.01)
Action: I like these put options at current levels and you can use a Limit Order up to $1.05 to get the best fills. These are the PFE May 40 puts that expire on May 19th, 2023.