What should I do for August 1

For options trading on August 1, 2025, consider the following strategies based on the analysis of PFE and market conditions:

1. **Buy PFE Call Option**: Given the potential bullish catalyst from the licensing agreement with 3SBio and the upcoming earnings release on August 5, 2025, consider buying a call option on PFE. The $25 strike (PFE20250801C25) is a good choice with low implied volatility (10.49%) and high liquidity (75884 open interest). This strategy leverages the potential upside in PFE's stock price around the earnings release.
2. **Spread Strategy**: Given the high volatility in PFE (1.61% weekly volatility), you could consider a spread strategy using the $24.5 strike put (PFE20250725P24.5) and the $26.5 strike put (PFE20250725P26.5). This spreads the risk and profit around the $25 strike, which is a key support and resistance level. This approach is suitable for those who expect moderate price movements and want to capture the implied volatility skew in PFE.
3. **Hedging Strategy**: If you have a large position in PFE stocks and want to hedge against potential downside risk, consider buying a put spread using the $24.5 strike (PFE20250725P24.5) and the $25 strike (PFE20250725P25). This protects your portfolio from any significant downturns in PFE's stock price while allowing for potential upside.

Remember to monitor the following:
- **Earnings Release**: The earnings report on August 5, 2025, could significantly impact PFE's stock price. Position your options accordingly to capture this event.
- **FDA Updates**: The FDA's decision on Pfizer's Glucatrol XL could have implications for PFE's stock. Keep this in mind when assessing the risk profile of your options positions.
- **Market Conditions**: Pay attention to broader market conditions, including regulatory changes (e.g., the Libor ruling) and sector-specific news (e.g., financial sector earnings).

In conclusion, August 1, 2025, is a good day to consider buying a call option on PFE, especially if you expect the stock to rise above its resistance level of $26.05. However, be mindful of the potential bearish sentiment around the $24.5 strike and position your options accordingly.