PFE Options History — May 2022

In May 2022, PFE traded between $48.16 and $54.11. ATM implied volatility averaged 31.1%, placing in the 60.7% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 3.9% (HV 20d: 27.2%). Max pain ranged from $49.00 to $50.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.82.

Notable Days

2022-05-20: Highest Volume — 178,220 contracts
2022-05-03: Largest IV drop — 15.2% change
2022-05-02: Highest IV Rank — 93.8%
2022-05-02: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.84	$48.16	$54.11	$48.16	$53.03
Max Pain	$49.71	$49.00	$50.00	$50.00	$50.00
ATM IV	31.1%	26.0%	38.9%	38.9%	27.9%
Expected Move	9.1%	7.6%	12.6%	12.6%	8.2%
HV 20d	27.2%	22.8%	33.1%	31.9%	22.8%
HV 60d	29.5%	26.8%	30.4%	29.8%	26.9%
IV Rank	60.7%	39.0%	93.8%	93.8%	46.9%
IV Percentile	60.7%	34.5%	97.6%	97.6%	43.7%
Term Structure	-0.4%	-2.1%	0.7%	-1.1%	-0.1%
VWIV	32.8%	30.0%	43.5%	43.5%	30.4%
Skew 25d	4.0%	3.3%	4.8%	4.8%	3.3%
Skew 10d	8.2%	6.4%	10.1%	8.8%	7.5%
Call IV 25d	29.9%	25.1%	36.8%	36.8%	26.8%
Put IV 25d	33.9%	29.3%	41.6%	41.6%	30.1%
Bid-Ask Spread %	3.65	3.00	5.26	3.77	5.14
Gamma HHI	0.08	0.06	0.11	0.06	0.10
Net GEX	19.5M	-10.6M	53.1M	-5.8M	35.6M
Net DEX	-763.1M	-1.68B	17.4M	17.4M	-1.26B
Net VEX	-11.6M	-12.0M	-11.3M	-11.9M	-11.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.31	1.34	1.30	1.34
Total Volume	104,883.429	53,131	178,220	148,645	109,504
Total OI	1,859,776.095	1,700,043	1,944,945	1,841,678	1,776,778

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-05-02	$48.16	$50.00	38.9%	12.6%	31.9%	93.8%	43.5%	4.8%	-1.1%	-5.8M	17.4M	-11.9M	1.30	3.77	64,625	84,020	910,636	931,042
2022-05-03	$49.23	$50.00	33.0%	9.9%	33.0%	68.7%	35.3%	3.6%	0.1%	-1.9M	-246.5M	-11.9M	0.51	3.90	106,223	54,110	926,527	962,163
2022-05-04	$49.72	$50.00	29.3%	8.8%	33.1%	53.1%	30.8%	4.3%	0.7%	11.5M	-423.8M	-11.7M	0.74	3.11	42,832	31,752	952,108	968,403
2022-05-05	$48.40	$49.00	33.3%	9.4%	31.8%	70.1%	33.2%	4.5%	-0.4%	-7.3M	-36.0M	-11.4M	1.30	3.27	32,059	41,668	964,731	974,609
2022-05-06	$49.01	$49.00	31.8%	9.2%	27.0%	63.5%	32.7%	3.4%	0.1%	-10.6M	-234.0M	-11.5M	0.78	3.16	37,634	29,208	966,819	978,126
2022-05-09	$48.57	$49.00	33.2%	9.5%	26.9%	69.8%	34.9%	3.8%	0.2%	-3.6M	-147.4M	-11.3M	1.23	4.49	31,327	38,576	922,797	926,091
2022-05-10	$49.42	$49.00	33.0%	9.5%	27.1%	68.7%	34.5%	3.9%	0.3%	5.7M	-351.0M	-11.5M	0.40	3.27	84,006	33,281	930,871	927,405
2022-05-11	$49.35	$49.00	33.7%	9.6%	26.9%	71.9%	31.7%	4.4%	0.2%	6.8M	-368.8M	-11.7M	0.31	3.00	75,460	23,449	954,028	934,346
2022-05-12	$49.98	$50.00	33.8%	9.7%	27.5%	72.3%	34.6%	4.4%	0.1%	23.2M	-569.9M	-11.9M	0.78	3.25	49,960	38,780	946,841	937,422
2022-05-13	$49.89	$49.00	32.4%	9.2%	27.4%	66.2%	34.9%	4.3%	-0.3%	13.0M	-511.6M	-11.7M	0.79	3.23	62,340	49,356	952,429	941,193
2022-05-16	$50.69	$50.00	30.8%	8.9%	26.4%	59.6%	31.4%	3.9%	-1.4%	22.5M	-771.9M	-11.3M	0.62	4.29	62,277	38,833	930,230	926,785
2022-05-17	$51.18	$50.00	29.6%	8.5%	24.7%	54.3%	30.1%	3.3%	-1.5%	27.5M	-898.9M	-11.4M	0.62	5.26	56,038	34,510	944,016	946,279
2022-05-18	$50.28	$50.00	31.9%	9.2%	25.1%	64.3%	32.7%	4.1%	-1.1%	16.9M	-607.7M	-11.5M	1.18	3.46	34,711	41,084	953,722	954,520
2022-05-19	$50.56	$50.00	30.7%	8.9%	24.6%	59.0%	31.0%	4.1%	-2.1%	20.0M	-665.4M	-11.5M	0.57	3.04	33,856	19,275	954,584	960,594
2022-05-20	$52.26	$50.00	29.8%	8.6%	26.3%	55.2%	32.5%	3.8%	-0.8%	28.1M	-1.24B	-11.4M	0.85	3.10	96,294	81,926	962,723	962,733
2022-05-23	$52.75	$50.00	28.6%	8.7%	26.1%	50.2%	30.0%	3.4%	0.3%	37.1M	-1.27B	-11.5M	0.49	3.40	79,303	39,067	834,557	865,486
2022-05-24	$53.55	$50.00	28.8%	8.7%	26.4%	50.8%	31.5%	4.0%	-0.4%	45.1M	-1.51B	-11.3M	1.02	3.89	70,644	71,778	852,289	880,848
2022-05-25	$53.79	$50.00	28.3%	8.4%	26.3%	48.9%	30.8%	4.7%	-0.3%	48.3M	-1.63B	-11.5M	0.48	4.13	70,860	34,234	881,101	911,429
2022-05-26	$54.11	$50.00	28.1%	8.3%	26.0%	48.1%	32.3%	4.1%	-0.2%	53.1M	-1.68B	-12.0M	0.86	3.47	56,111	48,469	896,672	917,069
2022-05-27	$53.77	$50.00	26.0%	7.6%	23.9%	39.0%	30.1%	4.2%	0.2%	43.4M	-1.61B	-11.6M	0.95	3.02	57,878	55,234	906,739	927,557
2022-05-31	$53.03	$50.00	27.9%	8.2%	22.8%	46.9%	30.4%	3.3%	-0.1%	35.6M	-1.26B	-11.4M	1.34	5.14	46,798	62,706	871,316	905,462