Apr. 10 at 1:48 PM
$PFE
Use statistics in your favor.
Next week starts a new 2-week candle, but it’s the final week of the current 3-week candle.
Historically, the average 3W candle range is about
$2.70.
That suggests next week likely stays within
$26 –
$29.50.
My plan:
• Pop to
$28.75–
$29.50 → Writing covered calls expiring Friday
• Drop near
$26 → Writing cash-secured puts expiring Friday
Let the probabilities work.