11:10am (EST)
Shares of PFE tagged another fresh 52-week low of $39.81 this morning, triggering the Limit Order. The return of 262% came in just over two weeks with the trade being our biggest thus far in 2023.
Profit Alert!
Pfizer (PFE, $40.30, up $0.12)
PFE March 42.50 puts (PFE230317P00042500, $2.35, up $0.05)
Entry Price: $0.47 (2/14/2023)
Exit Target: $2.60 Limit Order (closed half at 80 cents on 2/16/23)
Return: 262%
Stop Target: $2.10 (Stop Limit)
Action. The Limit Order at $2.60 on the remaining half was filled with the calls trading to a high of $2.68. We will keep shares on our Watch List for another opportunity down the road.