Pfizer (PFE) has been a hot stock this year as it is the first company to get a Covid-19 vaccine to the market. While a vaccine isn’t going to make or break a pharmaceutical giant like PFE, it certainly isn’t going to hurt the bottom line either.
PFE stock has had a decent year so far, although the share price has dropped recently. At least one trader thinks the stock may bounce back by mid-January. This person or fund purchased covered calls to express that opinion. Covered calls allow for some upside potential while providing an additional yield while holding the shares.
Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer ...
Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer nor a recommendation to buy or sell any security, options on equities, or cryptocurrency. Investors Alley and its affiliates may hold a position in any of the companies mentioned. Investors Alley is neither a registered investment adviser nor a broker-dealer and does not provide customized or personalized recommendations. Any one-on-one coaching or similar products or services offered by or through Investors Alley does not provide or constitute personal advice, does not take into consideration and is not based on the unique or specific needs, objectives or financial circumstances of any person, and is intended for educational purposes only. Past performance is not necessarily indicative of future results. No trading strategy is risk free. Trading and investing involve substantial risk, and you may lose the entire amount of your principal investment or more. You should trade or invest only "risk capital" - money you can afford to lose. Trading and investing is not appropriate for everyone. We urge you to conduct your own research and due diligence and obtain professional advice from your personal financial adviser or investment broker before making any investment decision.
Jay is the lead Options Portfolio Manager at Investors Alley. He is the editor for Options Profit Engine, an investment advisory bringing you professional options trading strategies, with ...
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Jay is the lead Options Portfolio Manager at Investors Alley. He is the editor for Options Profit Engine, an investment advisory bringing you professional options trading strategies, with all the bells and whistles of Wall Street, but simplified so all you have to do is enter the trades with your broker. He believes in combining income generating, high probability strategies with targeted buying opportunities to succeed in any market condition.
Prior to his work with Investors Alley, Jay was a professional options market maker on the floor of the CBOE (Chicago Board Options Exchange), the largest options trading exchange in the world. He also worked with Wall Street firms to help design options market making software for trading on electronic exchanges when those exchanges first came to the U.S. Jay was a senior analyst at a hedge fund, where he worked closely with multiple options trading funds employing some of the most cutting edge strategies in the field. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.
Jay currently lives in Arizona where he has focused on options trading advisories and teaching individual investors how to successfully trade options for the past seven years. He has a degree in economics from University of Illinois, Champaign and two Masters degrees from Arizona State University: an MBA and Master of Science in Information Management.
With 20 years of experience in options, Jay’s focus is on making professional options strategies available to anyone who wants to learn. He specializes in teaching traders how to use volatility to trade options like a pro.
Jay runs the Options Profit Engine options trading advisory service as well as offering an 11 part options training course called Options Trading Mastery.
He’s teamed up with dividend and income expert Tim Plaehn with 30 Day Dividends, a covered call service for income focused investors.
His newest service, Options Floor Trader PRO, was recently launched for traders looking for high probability, easy-to-place trades without all of the hassle of complicated trade set-ups.
