Options Action: Pfizer

On Monday, the traders were wondering just how much upside may be in Pfizer , now that a brand new catalyst has emerged.

Largely, comments from Bernstein analyst Tim Anderson are driving shares; in a note published on Monday he suggested the company may be looking at divestitures in the form of a spin-off, split-off or outright sale.

Considering the very speculative nature of the catalyst, how can you participate in Pfizer’s moves but also limit your risk?

Mike Khouw of Cantor Fitzgerald thinks there’s no better time for the following options trade.


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