Sep. 1 at 9:12 PM
$PFE's been grinding up mildly over the last 5 days
But the options flow tells a cautious story
Around 82% of ~
$686K in options premium is in near-ATM put sweeps
That includes a hefty ~
$256K November
$28 put buy on InsiderFinance
Looks more like hedging than outright bearishness
So keep those new long positions modest and stops tight
Today's flow is light, only ~
$65K
It's split between short-dated
$28.5 puts and
$29 to
$30 calls
Feels like tactical plays in the 28.5 to 30 range
Don't expect a breakout unless we see strong price and volume action
FDA's COVID vaccine approval is a plus
But Trump drug pricing plans could shake things up
