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PFE

PFE Covered StrangleIn May I'd sold a covered call on PFE for debt of 32.50 (expired). I'd also had 1 lot from a year ago at 34.76. (Adjusted cost basis for 2 lots @ 33.63 ) I sold 32/34 Sep strangle for 50c before earnings for break-evens at 31.50 & 34.50. Today's current 1SD range by Sep expiry is 32-35, highlighted orange above. Possible outcomes: 1) Ideally the stock will rally above 34, with 1 lot called away at 34 for a small 1% gain on the position and theoretical unlimited profit on the second lot. 2) It stays between the 32 & 34 strikes until expiry and collect the full $50 credit. Might not seem like much but by selling these against the stock each quarter could bring in an extra 6% annually. If you're good it can be done twice as often as that! 3) Stock drops > 3% below the put strike and I'm assigned another lot of shares at 32 which averages down my overall cost basis on the stock. 4) The entire market crashes and the stock falls to 0... I do like the fundamentals of PFE and am willing to make a longer term investment. CFRA gives the stock a current fair value of $33 and Trefis price estimate is $34.60. The stock currently yields a 3.9% dividend and currently has a free cash flow yield over 6%.
NYSE:PFE
by dime
PFE - Pfizer to scare the crowd?After the last high, price dropped like a stone in the water. The last move signifies looks to me like the last puke, to scare the crowd out of the position. If you think - a market specialist has all the money he needs to manage the market to the big players favor. But there is one thing that makes me ummmmm..... ...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters. Swing wise, no lower low is broken yet. To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play. P!
NYSE:PFELong
by Tr8dingN3rd
1
DOW JONES OVERVIEW: PFIZER HOLDS 10-YEAR TRENDPfizer is doing pretty well on long term perspective Price has tested and held the 10-year trend, by falling to 10-year uptrend border (at 30.5) during August selloff, then bouncing back up from it Price is also currently restoring its 5-year trend, however it is yet to trade above the 5 -year uptrend border at 33 Nothing stops the price from trending upwards - it is showing now short term trends (trading within 1-st standard deviations from 1-year and quarterly means)
NYSE:PFELong
by Killy_Mel