PFE Options History — March 2015

In March 2015, PFE traded between $31.91 and $33.25. ATM implied volatility averaged 15.2%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 0.2% (HV 20d: 15.4%). Max pain ranged from $30.36 to $31.31. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2015-03-23: Highest Volume — 204,870 contracts
  • 2015-03-11: Largest IV spike — 18.7% change
  • 2015-03-26: Highest IV Rank — 44.1%
  • 2015-03-26: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.59$31.91$33.25$33.00$33.07
Max Pain$31.18$30.36$31.31$30.36$31.31
ATM IV15.2%13.4%17.1%13.5%16.8%
Expected Move4.3%4.0%4.7%4.0%4.5%
HV 20d15.4%11.8%18.1%17.7%16.2%
HV 60d17.6%16.9%18.2%17.7%17.5%
IV Rank28.5%14.2%44.1%15.0%41.2%
IV Percentile34.8%7.5%65.5%8.7%61.5%
Term Structure0.1%-2.7%1.3%-1.3%-0.1%
VWIV15.1%12.1%16.7%12.1%15.8%
Skew 25d1.7%1.0%2.9%1.4%1.6%
Skew 10d2.8%-5.1%6.6%4.0%1.9%
Call IV 25d14.6%13.3%16.9%13.7%16.9%
Put IV 25d16.4%15.0%18.5%15.0%18.5%
Bid-Ask Spread %9.347.2013.887.8810.18
Gamma HHI0.310.230.440.320.44
Net GEX100.1M80.9M131.4M98.3M99.0M
Net DEX-1.21B-1.47B-884.0M-1.47B-1.24B
Net VEX-5.7M-6.2M-5.4M-5.5M-6.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.175.741.452.03
Total Volume69,619.40912,462204,87065,800137,042
Total OI1,349,178.7731,207,5361,452,7381,273,4741,442,256

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$33.00$30.3613.5%4.0%17.7%15.0%12.1%1.4%-1.3%98.3M-1.47B-5.5M1.457.8826,83538,965789,154484,320
2015-03-03$32.79$30.3614.3%4.0%18.0%21.4%14.2%1.0%-0.8%98.1M-1.40B-5.5M2.428.3615,88738,440797,769485,491
2015-03-04$32.87$30.3614.6%4.1%17.9%24.2%16.0%1.7%-0.4%101.9M-1.41B-5.5M2.5712.0517,17744,112799,612488,928
2015-03-05$32.74$31.3114.5%4.0%18.1%23.4%14.4%1.4%-0.0%96.3M-1.33B-5.6M2.429.4315,34737,106801,157496,367
2015-03-06$32.17$31.3115.2%4.3%16.5%29.1%15.2%2.0%-0.2%81.6M-1.05B-5.7M1.428.2230,69043,489809,779495,783
2015-03-09$32.29$31.3113.4%4.1%16.5%14.2%14.4%1.6%1.2%90.5M-1.17B-5.4M0.5011.2338,52119,437804,366500,393
2015-03-10$32.05$31.3114.3%4.2%16.7%21.9%15.1%1.4%0.7%87.9M-1.06B-5.6M0.759.1919,07614,308828,975513,022
2015-03-11$31.91$31.3117.0%4.4%13.1%43.1%15.4%2.5%-2.7%83.0M-978.6M-5.5M0.697.647,3655,097835,380520,425
2015-03-12$32.26$31.3115.3%4.4%13.6%29.5%15.4%1.5%-0.2%95.4M-1.14B-5.5M0.197.2036,7747,019838,577522,272
2015-03-13$32.26$31.3115.4%4.4%11.8%30.5%15.8%1.6%-0.3%131.4M-1.13B-5.6M0.567.5613,0077,288856,805524,615
2015-03-16$32.68$31.3115.1%4.3%12.7%27.7%14.9%1.7%0.4%109.3M-1.36B-5.5M0.348.4541,78414,012839,713522,962
2015-03-17$32.42$31.3114.9%4.3%13.0%26.5%14.5%1.4%1.3%104.9M-1.23B-5.5M0.178.5022,7973,967845,951530,216
2015-03-18$32.62$31.3114.6%4.2%13.2%24.3%16.7%1.9%0.0%115.4M-1.32B-5.5M0.1813.8859,63710,556850,374530,225
2015-03-19$32.40$31.3114.2%4.1%13.4%21.3%14.2%1.3%0.6%115.1M-1.23B-5.5M0.609.7623,81914,319864,278533,692
2015-03-20$32.50$31.3114.7%4.2%13.3%24.8%14.5%1.9%0.7%90.7M-1.28B-5.6M1.138.8153,96460,789866,625542,709
2015-03-23$33.25$31.3115.1%4.3%15.4%27.6%15.1%1.5%0.5%99.1M-1.39B-5.5M0.339.25153,99750,873751,861455,675
2015-03-24$32.75$31.3115.1%4.4%16.5%28.0%15.2%1.8%0.8%109.8M-1.16B-5.9M0.769.9061,11946,421826,980489,192
2015-03-25$32.54$31.3116.0%4.5%16.0%35.2%16.1%1.9%0.8%87.9M-968.4M-6.0M0.269.5125,6616,735836,900526,300
2015-03-26$32.45$31.3117.1%4.7%15.9%44.1%16.5%1.9%0.4%80.9M-884.0M-6.2M5.749.6117,655101,370850,414528,450
2015-03-27$32.76$31.3116.2%4.5%16.2%36.8%16.1%2.9%0.7%130.4M-1.07B-6.2M0.457.8517,0477,590856,366596,372
2015-03-30$33.24$31.3116.2%4.4%16.3%36.9%15.7%2.0%0.6%94.6M-1.37B-5.9M1.8211.0944,11980,414820,821580,411
2015-03-31$33.07$31.3116.8%4.5%16.2%41.2%15.8%1.6%-0.1%99.0M-1.24B-6.0M2.0310.1845,24991,793848,581593,675