3:30pm (EST)
We have a Profit Alert ahead of the closing bell so let’s get on it.
Profit Alert!
Pfizer (PFE, $40.17, up $0.33)
PFE May 40 puts (PFE230519P00040000, $1.05, down $0.20)
Entry Price: $0.90 (4/19/2023)
Exit Target: $1.80
Return: 17%
Stop Target: $1.00 (Stop Limit)
Action: Close the trade at current levels. We were looking for $40 to hold today following yesterday’s close below this level. We can revisit PFE next week, but for now, we are out.