We were talking about PFE as a good opportunity in the Webinar.

Usually, we buy them when they are under $30 but all this uncertainty kept us out recently.

They are not in the LTP so:

• • • • Sell 20 PFE 2027 $27 puts for $3.30 ($6,600)
      • Buy 50 PFE 2028 $25 calls for $4.70 ($23,500)
      • Sell 45 PFE 2028 $32 calls for $2.15 ($9,675)
      • Sell 10 PFE Jan $27.50 calls for $1.30 ($1,300)
      • Sell 10 PFE Jan $26 puts for $1.02 ($1,020)

That's net $4,905 on the $35,000 spread with $30,095 (613%) upside potential at $32 AND 8 x $2,000 = $16,000 (326%) additional potential selling short-term puts and calls.

Want to see more?

Reap the benefits of one of our paid membership plans and get access to articles like these PLUS:

• Insightful daily market reviews
• Educational guides and posts
• Access to our Virtual Trading portfolios
• Unique trading opportunities
• LIVE trading webinars
• Intraday market commentary from Phil
• Our community of traders