Buy, to open, PFE Feb 17 2023 $50 Puts @ $1.65 or better
PFE broke the lower trend-line support and continued trading down and it is also trading below it's 10 day moving average after hitting double top at $54
Keep strict stop loss at which you are comfortable, as option trades are risky. Avoid holding on to your options into last two weeks of expiry
Note: Options can expire worthless. So you must be willing to risk 100% of what you put into trades. Don’t risk funds you cannot afford to lose.