PFE Options History — February 2007

In February 2007, PFE traded between $23.68 and $25.50. ATM implied volatility averaged 16.7%. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.8% (HV 20d: 14.9%). Max pain ranged from $23.72 to $26.09. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.11.

Notable Days

  • 2007-02-06: Highest Volume — 297,083 contracts
  • 2007-02-08: Largest IV spike — 61.7% change
  • 2007-02-01: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.88$23.68$25.50$25.26$23.68
Max Pain$25.22$23.72$26.09$23.72$23.72
ATM IV16.7%10.3%19.1%19.1%18.4%
Expected Move4.9%4.4%5.5%5.5%5.3%
HV 20d14.9%11.1%16.2%15.5%14.8%
Term Structure-0.3%-2.1%0.6%-1.1%-0.0%
VWIV18.0%15.8%25.2%22.8%18.4%
Skew 25d2.4%-2.1%6.2%2.6%1.2%
Skew 10d4.0%-2.0%8.9%4.0%1.8%
Call IV 25d16.1%12.0%19.3%19.3%16.3%
Put IV 25d18.4%16.8%21.9%21.9%17.6%
Bid-Ask Spread %7.202.4610.823.014.26
Gamma HHI0.260.240.300.250.30
Net GEX11.8M-14.6M25.4M15.4M-14.6M
Net DEX-500.1M-738.0M-14.4M-559.7M-14.4M
Net VEX-14.7M-15.7M-14.0M-14.8M-14.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.032.630.410.74
Total Volume49,343.0537,429297,08331,21559,414
Total OI2,447,637.7892,377,0872,499,9592,377,0872,433,281

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$25.26$23.7219.1%5.5%15.5%0.0%22.8%2.6%-1.1%15.4M-559.7M-14.8M0.413.0122,1239,0921,257,7201,119,367
2007-02-02$25.43$23.7216.9%4.7%15.7%0.0%17.5%4.5%0.5%20.8M-646.2M-14.6M0.567.5243,67724,5441,268,1611,124,951
2007-02-05$25.50$23.7216.3%4.7%15.6%0.0%17.2%3.3%0.3%25.1M-738.0M-14.9M0.908.1839,82935,8791,293,7781,139,170
2007-02-06$25.46$23.7215.5%4.8%15.5%0.0%25.2%3.1%-0.3%25.4M-708.3M-15.7M0.037.60287,3519,7321,330,6281,159,814
2007-02-07$25.16$26.0910.3%4.6%16.1%0.0%18.0%2.7%0.3%21.5M-563.8M-15.2M1.028.3819,71620,1971,296,1651,166,447
2007-02-08$25.09$26.0916.6%4.8%16.2%0.0%16.5%2.1%-0.5%18.4M-569.4M-15.2M1.727.4710,74318,4821,301,6811,175,971
2007-02-09$25.03$26.0916.8%4.8%15.8%0.0%16.9%1.9%-0.7%18.0M-591.1M-15.1M0.408.625,3082,1211,309,5281,179,922
2007-02-12$24.88$26.0917.8%5.1%15.7%0.0%17.3%0.9%0.6%13.2M-525.1M-14.6M0.248.977,7901,8351,308,4401,174,676
2007-02-13$25.04$26.0916.5%4.7%15.8%0.0%17.2%2.2%-0.8%16.4M-581.3M-15.1M2.119.3411,20523,6161,311,4681,171,409
2007-02-14$25.22$26.0915.3%4.4%16.0%0.0%16.6%2.2%0.3%22.5M-647.5M-15.2M1.105.598,4419,3281,313,7551,178,924
2007-02-15$25.17$26.0916.0%4.6%15.4%0.0%16.4%1.6%0.0%20.0M-630.8M-15.2M1.015.459,7129,8291,317,4111,178,881
2007-02-16$24.95$26.0915.5%4.4%15.6%0.0%17.3%2.4%-0.5%13.1M-580.0M-14.7M1.1110.2510,85912,0841,318,8091,181,150
2007-02-20$24.95$26.0916.5%4.7%15.3%0.0%19.2%2.2%-1.4%12.7M-592.5M-14.8M2.119.7113,43328,3441,249,7101,136,072
2007-02-21$24.73$26.0917.6%5.1%13.6%0.0%15.8%-0.3%0.1%7.6M-512.8M-14.0M0.232.4610,0752,3151,258,7421,148,032
2007-02-22$24.54$26.0917.2%4.9%12.1%0.0%16.9%-2.1%-0.1%2.0M-374.2M-14.5M2.637.1510,37127,2471,263,1301,146,178
2007-02-23$24.31$26.0917.6%5.1%11.1%0.0%17.4%5.5%-0.0%-3.8M-267.8M-14.1M2.055.2321,70544,5881,270,4271,155,290
2007-02-26$24.52$23.7218.7%5.4%11.6%0.0%17.2%6.2%-2.1%828.0K-325.9M-14.4M0.556.687,4214,0531,283,7071,164,017
2007-02-27$23.85$23.7218.4%5.3%14.8%0.0%18.5%2.7%0.5%-11.4M-73.1M-14.2M2.0910.8217,83437,2251,275,6761,142,630
2007-02-28$23.68$23.7218.4%5.3%14.8%0.0%18.4%1.2%-0.0%-14.6M-14.4M-14.0M0.744.2634,18925,2251,282,9111,150,370