'Options Action' Traders Weigh In On Pfizer

On CNBC's "Options Action," traders answered a question from a viewer about Pfizer Inc. PFE. He was interested to know their opinion about a purchase of the January $40 call option.

Carter Worth thinks that is a really good bet. There is enough time and he would be comfortably long. The stock had a big day on Friday on expanding volume, and it was news-related.

Mike Khouw also likes the trade and the timing. The stock has low volatility and low implied volatility, so the options themselves tend not to cost that much, said Khouw.

Loading...
Loading...
PFE Logo
PFEPfizer Inc
$22.88-0.91%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
28.69
Growth
96.98
Quality
54.76
Value
31.01
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Posted In:
Comments
Loading...