PFE Options History — August 2009

In August 2009, PFE traded between $14.96 and $16.00. ATM implied volatility averaged 25.7%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.7% (HV 20d: 21.9%). Max pain ranged from $14.23 to $15.18. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2009-08-04: Highest Volume — 526,269 contracts
  • 2009-08-21: Largest IV drop — 9.8% change
  • 2009-08-17: Highest IV Rank — 7.7%
  • 2009-08-07: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.39$14.96$16.00$15.22$15.84
Max Pain$14.32$14.23$15.18$14.23$14.23
ATM IV25.7%20.7%28.9%27.5%22.8%
Expected Move7.5%5.9%8.5%7.9%6.5%
HV 20d21.9%15.0%28.2%27.5%15.3%
HV 60d28.3%26.4%31.2%31.2%26.4%
IV Rank3.9%0.0%7.7%5.7%2.9%
IV Percentile7.0%0.0%17.9%11.1%1.6%
Term Structure4.0%1.7%6.0%1.7%3.7%
VWIV28.8%21.0%52.6%28.6%25.0%
Skew 25d4.5%3.0%5.8%4.2%3.8%
Skew 10d11.4%8.2%13.8%10.0%11.8%
Call IV 25d25.3%20.7%28.2%26.8%22.8%
Put IV 25d29.8%23.8%33.9%31.0%26.6%
Bid-Ask Spread %3.112.344.154.152.88
Gamma HHI0.170.140.230.140.20
Net GEX14.2M10.6M21.1M13.0M16.3M
Net DEX-291.0M-479.8M-141.5M-258.2M-378.9M
Net VEX-6.9M-7.2M-6.6M-6.6M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.062.731.471.48
Total Volume69,806.57127,134526,26940,46127,768
Total OI2,365,645.6192,275,0632,454,2502,278,8012,426,927

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-08-03$15.22$14.2327.5%7.9%27.5%5.7%28.6%4.2%1.7%13.0M-258.2M-6.6M1.474.1516,40124,0601,350,854927,947
2009-08-04$15.25$14.2327.6%7.9%27.5%5.9%52.6%4.4%1.8%12.2M-261.6M-6.6M0.063.20497,14029,1291,353,078940,912
2009-08-05$15.06$15.1827.6%7.9%28.2%5.8%29.4%3.8%2.3%10.9M-177.3M-6.8M1.023.1427,85628,4361,328,843946,220
2009-08-06$14.98$15.1827.8%8.0%26.7%6.1%29.6%3.1%1.9%10.6M-168.8M-6.9M0.314.0520,7056,4291,346,102962,664
2009-08-07$15.14$14.2328.0%8.5%26.4%6.4%30.5%5.8%3.8%11.8M-243.1M-7.0M0.383.1039,76315,1811,356,029961,809
2009-08-10$15.09$14.2327.5%8.4%23.5%5.7%31.4%5.7%3.7%12.7M-222.6M-6.9M1.192.6413,23915,7971,369,002968,111
2009-08-11$15.02$14.2327.0%8.2%23.6%4.9%32.8%5.2%4.1%12.3M-194.4M-6.9M2.733.268,36222,8511,370,657974,753
2009-08-12$15.05$14.2326.5%7.9%23.5%4.2%27.8%5.4%4.6%12.8M-193.7M-6.8M1.493.7221,52032,0851,373,467981,719
2009-08-13$14.99$14.2327.4%7.9%23.6%5.6%28.7%4.9%4.8%12.0M-165.7M-6.8M0.422.8829,91712,6331,377,5161,001,983
2009-08-14$14.96$14.2327.0%7.7%23.4%4.9%27.4%5.1%4.6%12.8M-141.5M-6.8M1.113.5715,41517,0821,388,0971,007,095
2009-08-17$15.07$14.2328.9%8.3%22.6%7.7%31.8%5.8%4.3%14.3M-188.7M-6.8M0.983.1916,00515,7071,386,9051,014,461
2009-08-18$15.16$14.2327.7%7.9%20.4%5.9%29.8%5.4%5.0%16.1M-222.7M-6.9M0.192.9140,9597,7231,391,9001,015,800
2009-08-19$15.53$14.2327.0%7.7%21.8%4.9%26.4%4.7%5.2%18.2M-391.7M-7.0M0.423.1145,65519,3991,414,2081,016,808
2009-08-20$15.40$14.2326.3%7.5%21.2%3.9%25.8%5.4%5.3%21.1M-351.7M-6.9M0.493.0819,9669,7531,427,9041,019,870
2009-08-21$15.79$14.2323.7%6.8%21.8%0.2%25.7%4.6%6.0%13.1M-479.8M-7.0M0.232.8155,49112,8181,433,5631,020,687
2009-08-24$15.87$14.2323.0%6.6%21.7%0.0%25.5%4.0%3.6%14.6M-400.8M-6.9M1.642.3439,31664,5851,342,608961,873
2009-08-25$15.94$14.2322.7%6.5%16.9%0.0%24.6%3.0%3.5%15.3M-418.0M-7.2M1.482.8218,60627,5411,364,601990,189
2009-08-26$15.91$14.2320.7%5.9%15.3%0.0%21.0%3.1%4.8%14.6M-392.4M-7.1M0.642.8635,13322,5911,365,6721,003,169
2009-08-27$16.00$14.2321.3%6.1%15.0%0.8%25.4%4.1%4.6%16.7M-436.3M-7.2M1.102.6720,55222,6791,384,9211,002,703
2009-08-28$15.95$14.2321.8%6.2%15.1%1.5%24.7%3.5%4.3%16.1M-423.3M-7.2M0.922.8125,91223,7781,391,5071,015,424
2009-08-31$15.84$14.2322.8%6.5%15.3%2.9%25.0%3.8%3.7%16.3M-378.9M-7.1M1.482.8811,17816,5901,405,6441,021,283