PFE 37: Boring but good Risk/Reward in a dangerous market

PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash.

Also, the market has shown some interest in routing into real economy stocks (with real revenue and profit). TGT , WMT , GE for instance.

Technically it has turned upwards, after a sharp and quick sell-off from 43, after all the covid vaccine news. 1st Target is 40 .50

To be long around 37 or sell PCS of 37/33. If needed lunch money, one could also sell ATM weekly calls that give out a 2% weekly premium.

This is a plan, obviously not any sort of advice.


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