For a hedged play on Pfizer (PFE), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Jan 18, 2019 $44 covered call for a net debit in the $42.98 area. That is also the break-even stock price for the covered call. This trade will return 2.34%, or 20.41% annualized (for comparison purposes only), in 42 days. This covered call also provides 4.42% downside protection.
The current 52-week low is $33.20 and the 52-week high is $46.47. Pfizer stock has been showing support around $43.15 and resistance in the $45.90 range. The stock closed Dec 6, 2018's trading session at $44.97.