PFE Options History — July 2009

In July 2009, PFE traded between $13.47 and $15.77. ATM implied volatility averaged 29.1%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 1.0% (HV 20d: 30.1%). Max pain ranged from $13.28 to $14.23. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2009-07-28: Highest Volume — 195,018 contracts
  • 2009-07-13: Largest IV spike — 14.6% change
  • 2009-07-13: Highest IV Rank — 14.1%
  • 2009-07-09: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.49$13.47$15.77$14.14$15.11
Max Pain$13.76$13.28$14.23$14.23$14.23
ATM IV29.1%26.5%33.4%27.0%27.3%
Expected Move8.5%7.6%10.1%7.7%7.8%
HV 20d30.1%26.2%33.9%32.8%27.5%
HV 60d32.1%30.9%33.2%32.5%31.3%
IV Rank8.0%4.3%14.1%5.0%5.3%
IV Percentile17.6%7.1%40.5%9.5%10.7%
Term Structure0.7%-0.3%4.8%4.0%1.7%
VWIV30.5%27.3%36.2%27.3%28.0%
Skew 25d4.0%1.4%5.8%2.7%2.7%
Skew 10d7.4%3.1%10.4%5.9%6.1%
Call IV 25d28.4%25.8%32.2%26.7%27.1%
Put IV 25d32.4%28.9%37.6%29.4%29.8%
Bid-Ask Spread %3.512.634.473.273.00
Gamma HHI0.200.140.520.180.15
Net GEX11.4M4.1M31.6M9.0M12.4M
Net DEX-114.3M-483.2M140.3M-33.1M-216.2M
Net VEX-6.3M-7.1M-5.8M-6.4M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.151.521.030.88
Total Volume60,113.68221,060195,01838,31926,997
Total OI2,188,393.6362,099,6702,279,8272,099,6702,259,501

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$14.14$14.2327.0%7.7%32.8%5.0%27.3%2.7%4.0%9.0M-33.1M-6.4M1.033.2718,89819,4211,278,557821,113
2009-07-02$13.74$14.2329.8%8.6%33.8%9.1%28.8%1.4%4.8%6.8M57.6M-6.0M1.194.4718,93922,6241,284,908831,534
2009-07-06$13.82$13.2831.7%9.3%33.7%11.7%35.3%5.8%0.5%6.9M40.7M-6.0M0.822.7511,5419,5191,287,521839,083
2009-07-07$13.84$13.2831.6%9.6%33.3%11.6%36.2%5.6%0.4%7.1M33.6M-6.1M1.004.2726,80526,8601,290,385844,997
2009-07-08$13.86$13.2831.3%9.6%32.9%11.1%35.3%5.8%-0.2%7.1M25.8M-6.1M0.153.4541,6286,3401,288,911847,605
2009-07-09$13.56$13.2831.4%10.1%33.9%11.3%34.6%4.9%-0.1%5.5M111.2M-5.8M0.803.9130,90424,6681,286,401849,855
2009-07-10$13.47$13.2829.1%9.8%30.6%8.0%33.0%4.8%-0.1%4.1M140.3M-5.8M0.214.2140,7818,6021,298,338858,832
2009-07-13$14.00$13.2833.4%9.4%33.6%14.1%33.9%5.6%-0.2%9.8M-7.6M-6.1M0.923.2717,78316,3631,306,583859,513
2009-07-14$14.14$13.2831.8%9.1%29.5%11.9%32.0%4.2%-0.3%11.6M-30.4M-6.1M0.264.0226,6496,9371,296,067863,519
2009-07-15$14.25$13.2830.3%8.8%29.6%9.6%31.1%4.0%-0.3%14.5M-80.9M-6.2M1.523.0925,55738,7481,314,113866,108
2009-07-16$14.30$13.2829.8%8.5%27.9%8.9%29.7%3.6%0.2%16.2M-54.3M-6.1M0.213.1428,1586,0131,314,761887,633
2009-07-17$14.19$13.2828.6%8.2%26.9%7.3%28.9%3.5%0.5%31.6M-10.6M-5.9M0.423.2243,26718,0911,308,312884,922
2009-07-20$14.48$13.2828.1%8.0%27.7%6.5%28.1%3.7%0.1%7.8M-54.0M-6.1M0.483.6257,06427,6511,250,822859,091
2009-07-21$14.90$14.2326.8%7.7%28.8%4.7%27.7%3.4%0.0%10.6M-193.1M-6.4M0.293.6974,02321,6291,284,803878,302
2009-07-22$15.06$14.2326.5%7.6%28.8%4.3%27.3%3.1%1.1%12.7M-262.9M-6.6M0.864.2780,45869,3921,327,198882,414
2009-07-23$15.32$14.2327.6%7.9%29.1%5.8%28.1%3.6%0.9%13.0M-345.6M-6.9M0.403.1846,12018,3171,356,093903,920
2009-07-24$15.64$14.2327.8%8.0%26.6%6.1%28.0%3.1%-0.2%14.5M-447.8M-7.0M0.552.9124,66813,4881,364,981901,038
2009-07-27$15.77$14.2326.7%7.6%26.2%4.5%28.7%4.0%0.5%14.6M-483.2M-7.1M0.492.6320,51010,1181,368,749905,658
2009-07-28$15.21$14.2328.5%8.2%29.9%7.1%29.4%3.9%0.9%13.2M-306.0M-6.9M1.204.0488,509106,5091,370,708909,119
2009-07-29$14.94$14.2328.2%8.1%29.9%6.6%29.7%4.2%0.8%11.3M-182.6M-6.5M0.903.4132,21929,0951,335,280917,993
2009-07-30$15.12$14.2328.0%8.0%29.9%6.4%29.2%3.4%1.4%11.6M-215.9M-6.6M0.283.3631,6379,0011,332,003927,416
2009-07-31$15.11$14.2327.3%7.8%27.5%5.3%28.0%2.7%1.7%12.4M-216.2M-6.5M0.883.0014,37112,6261,341,352918,149