PFE Options History — July 2014

In July 2014, PFE traded between $27.23 and $29.37. ATM implied volatility averaged 16.4%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.5% (HV 20d: 12.9%). Max pain ranged from $28.46 to $29.41. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2014-07-16: Highest Volume — 352,512 contracts
  • 2014-07-02: Largest IV spike — 16.2% change
  • 2014-07-28: Highest IV Rank — 50.9%
  • 2014-07-31: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.64$27.23$29.37$28.54$27.23
Max Pain$28.98$28.46$29.41$29.41$28.46
ATM IV16.4%14.5%18.2%14.5%16.9%
Expected Move4.9%4.7%5.2%4.7%5.2%
HV 20d12.9%11.0%14.9%11.5%14.6%
HV 60d14.8%11.9%17.7%17.7%12.0%
IV Rank35.7%20.4%50.9%20.4%40.4%
IV Percentile49.6%27.4%72.6%27.4%58.7%
Term Structure-0.0%-1.2%2.1%0.2%-0.7%
VWIV17.3%16.5%19.0%16.5%19.0%
Skew 25d1.3%-0.2%3.4%1.8%1.3%
Skew 10d2.1%-1.5%7.3%7.3%0.2%
Call IV 25d15.7%14.2%18.6%14.2%16.8%
Put IV 25d17.0%15.5%19.3%15.9%18.1%
Bid-Ask Spread %9.938.0116.0410.749.43
Gamma HHI0.230.150.300.240.15
Net GEX69.7M13.0M103.4M66.3M13.0M
Net DEX-329.0M-732.5M332.8M-259.9M332.8M
Net VEX-6.5M-7.0M-5.9M-6.3M-6.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.030.940.420.68
Total Volume63,069.13614,953352,51259,82542,938
Total OI1,577,083.6361,484,0961,724,0471,484,0961,681,988

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$28.54$29.4114.5%4.7%11.5%20.4%16.5%1.8%0.2%66.3M-259.9M-6.3M0.4210.7442,13517,690945,345538,751
2014-07-02$28.81$29.4116.8%4.8%11.9%39.6%17.0%2.6%-0.5%74.9M-430.0M-6.4M0.379.4122,3508,354960,988546,898
2014-07-03$28.97$29.4116.3%4.8%12.0%35.4%17.0%1.9%1.0%85.1M-543.0M-6.5M0.598.3917,09010,043969,996550,196
2014-07-07$28.93$29.4116.5%4.8%11.0%36.6%17.6%0.2%0.2%73.5M-451.5M-6.3M0.7511.1523,52217,598959,488551,667
2014-07-08$28.61$29.4116.5%4.9%11.9%36.5%17.1%0.9%0.3%64.5M-265.7M-6.4M0.459.9915,8997,091972,326558,624
2014-07-09$28.51$29.4116.1%4.8%11.9%33.4%17.1%0.1%0.0%63.0M-243.0M-6.0M0.819.009,1187,398976,105560,898
2014-07-10$28.46$29.4116.2%4.8%11.9%34.3%18.1%3.4%-0.5%63.3M-211.8M-6.1M0.758.918,5576,396979,138564,654
2014-07-11$28.53$29.4116.2%4.8%11.9%33.9%16.9%1.8%-0.5%69.6M-252.6M-6.0M0.388.7915,4315,932982,193567,637
2014-07-14$28.69$29.4115.8%4.8%12.0%31.3%16.8%1.4%0.3%73.7M-303.3M-6.2M0.1810.4819,0873,383981,137560,705
2014-07-15$28.85$29.4116.0%4.8%12.1%32.8%18.0%1.4%-1.1%71.1M-409.1M-5.9M0.248.7942,52710,073987,160561,763
2014-07-16$29.37$29.4115.9%4.7%13.2%31.8%16.7%2.3%0.6%103.4M-732.5M-6.3M0.038.01343,8628,6501,015,553563,296
2014-07-17$28.98$29.4117.1%4.9%14.2%41.5%17.6%1.5%2.1%91.8M-650.6M-6.9M0.488.9670,53333,6971,126,589562,404
2014-07-18$29.16$28.4616.4%4.8%14.1%36.2%17.1%1.6%0.5%103.4M-686.7M-7.0M0.329.9244,48714,1651,141,216582,831
2014-07-21$28.80$28.4616.6%4.8%14.9%37.6%16.9%1.2%-0.2%73.0M-409.2M-6.8M0.438.6628,87712,465994,895534,549
2014-07-22$28.93$28.4615.8%4.8%14.2%31.0%17.8%1.2%-0.1%80.7M-463.3M-6.8M0.9410.6515,02514,1341,008,331538,872
2014-07-23$28.83$28.4616.5%4.8%14.1%37.1%17.2%0.7%-0.5%77.4M-381.8M-6.9M0.3711.5524,6539,1001,014,726546,560
2014-07-24$28.79$28.4615.8%4.9%13.0%31.5%16.6%0.8%-0.5%76.1M-401.0M-6.8M0.508.7727,22813,6451,027,004549,735
2014-07-25$28.64$28.4617.8%4.9%12.8%47.8%17.5%-0.2%-0.4%64.1M-300.4M-7.0M0.3710.1936,96113,6681,045,445558,816
2014-07-28$28.56$28.4618.2%5.0%12.9%50.9%18.0%0.7%-0.7%64.9M-258.1M-6.6M0.4516.0444,87920,3721,050,517562,564
2014-07-29$28.21$28.4616.1%4.9%13.7%33.5%17.1%-0.0%1.1%50.8M-73.6M-6.3M0.1711.13162,58927,7161,073,829576,706
2014-07-30$27.76$28.4616.0%5.0%13.9%32.8%17.3%1.1%-1.2%29.4M155.5M-6.2M0.429.5948,15420,0491,070,042593,703
2014-07-31$27.23$28.4616.9%5.2%14.6%40.4%19.0%1.3%-0.7%13.0M332.8M-6.0M0.689.4325,63417,3041,080,054601,934