PFE Options History — April 2024

In April 2024, PFE traded between $25.31 and $27.73. ATM implied volatility averaged 29.6%, placing in the 76.7% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 12.6% (HV 20d: 17.0%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.72.

Notable Days

2024-04-05: Highest Volume — 280,542 contracts
2024-04-30: Largest IV spike — 12.0% change
2024-04-12: Highest IV Rank — 92.1%
2024-04-30: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.23	$25.31	$27.73	$27.73	$25.61
Max Pain	$27.16	$27.00	$28.00	$27.50	$27.00
ATM IV	29.6%	25.6%	32.0%	25.6%	31.8%
Expected Move	8.6%	6.5%	10.3%	6.5%	10.3%
HV 20d	17.0%	11.3%	26.1%	26.1%	20.4%
HV 60d	21.1%	20.6%	21.9%	21.4%	21.7%
IV Rank	76.7%	50.5%	92.1%	50.5%	90.9%
IV Percentile	88.7%	69.4%	98.0%	69.4%	96.8%
Term Structure	-0.8%	-3.3%	2.1%	0.6%	-0.7%
VWIV	29.7%	23.0%	35.7%	23.1%	35.7%
Skew 25d	1.7%	0.1%	3.2%	0.9%	1.1%
Skew 10d	2.5%	0.4%	4.8%	0.8%	0.9%
Call IV 25d	28.5%	26.8%	30.5%	26.8%	29.5%
Put IV 25d	30.2%	27.6%	33.0%	27.7%	30.6%
Bid-Ask Spread %	4.42	2.13	6.62	2.30	2.79
Gamma HHI	0.20	0.10	0.31	0.10	0.25
Net GEX	-35.9M	-73.9M	14.3M	13.7M	-34.3M
Net DEX	1.07B	191.3M	1.50B	191.3M	1.20B
Net VEX	-13.3M	-13.7M	-12.9M	-13.6M	-13.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.39	1.81	0.61	0.48
Total Volume	144,998.773	58,645	280,542	95,643	198,150
Total OI	3,075,686.5	2,764,777	3,305,107	2,764,777	3,207,160

Daily Data (22 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
2024-04-01	$27.73	$27.50	25.6%	6.5%	26.1%	50.5%	23.1%	0.9%	0.6%	13.7M	191.3M	-13.6M	0.61	2.30	59,348	36,295	1,425,975	1,338,802
2024-04-02	$27.56	$27.50	26.1%	6.6%	23.9%	54.1%	23.0%	0.8%	2.1%	14.2M	281.8M	-13.6M	0.55	2.13	37,815	20,830	1,441,184	1,356,499
2024-04-03	$27.27	$27.50	29.0%	6.8%	24.3%	72.7%	24.0%	1.1%	0.6%	14.3M	476.0M	-13.4M	1.05	2.42	72,093	75,984	1,449,902	1,367,060
2024-04-04	$26.69	$28.00	28.9%	8.4%	20.3%	72.0%	28.9%	1.4%	1.4%	-10.0M	883.9M	-13.2M	0.76	6.62	87,367	66,077	1,466,858	1,412,582
2024-04-05	$26.64	$28.00	29.2%	8.5%	20.0%	73.9%	30.1%	1.9%	1.6%	-37.9M	988.4M	-13.1M	1.81	5.74	99,907	180,635	1,480,545	1,450,527
2024-04-08	$26.63	$27.00	30.0%	8.4%	19.5%	79.6%	28.8%	2.3%	-0.8%	-51.2M	1.06B	-13.5M	0.70	6.28	63,417	44,084	1,406,935	1,578,410
2024-04-09	$26.70	$27.00	28.1%	8.5%	12.1%	67.4%	29.0%	3.2%	0.3%	-48.2M	1.01B	-13.5M	0.53	6.43	107,646	57,243	1,412,314	1,591,844
2024-04-10	$26.34	$27.00	30.9%	8.4%	12.3%	84.9%	28.7%	0.1%	-3.3%	-60.2M	1.24B	-13.3M	0.80	6.48	135,614	108,541	1,441,043	1,621,044
2024-04-11	$26.34	$27.00	30.4%	8.4%	11.3%	82.0%	28.7%	0.4%	-0.7%	-54.9M	1.16B	-13.5M	1.14	6.52	55,144	62,651	1,517,039	1,637,575
2024-04-12	$25.91	$27.00	32.0%	8.9%	12.2%	92.1%	31.1%	2.5%	-1.2%	-73.9M	1.42B	-13.5M	0.84	5.07	74,842	62,604	1,543,291	1,656,968
2024-04-15	$25.86	$27.00	31.9%	9.0%	12.2%	91.6%	31.1%	2.0%	-1.6%	-52.2M	1.38B	-13.4M	0.51	5.43	117,362	60,383	1,517,921	1,639,756
2024-04-16	$25.73	$27.00	31.5%	9.0%	12.0%	88.7%	31.1%	2.2%	-2.6%	-47.4M	1.40B	-13.3M	0.51	4.86	58,156	29,378	1,577,459	1,643,528
2024-04-17	$25.51	$27.00	31.3%	9.0%	12.2%	87.9%	31.2%	2.7%	-1.2%	-50.5M	1.50B	-13.0M	1.04	4.83	90,303	94,271	1,600,916	1,641,901
2024-04-18	$25.37	$27.00	31.2%	9.0%	11.9%	86.8%	30.7%	3.0%	-1.8%	-50.6M	1.50B	-12.9M	0.69	4.49	75,313	52,208	1,632,665	1,629,098
2024-04-19	$25.96	$27.00	29.9%	8.7%	15.3%	78.7%	30.4%	2.3%	-1.1%	-71.4M	1.15B	-13.6M	0.46	3.30	91,461	41,836	1,659,502	1,645,605
2024-04-22	$26.34	$27.00	28.9%	8.6%	16.2%	72.0%	29.9%	1.8%	-1.2%	-24.7M	833.1M	-13.6M	0.69	4.57	126,341	86,837	1,456,428	1,557,392
2024-04-23	$26.32	$27.00	28.7%	8.6%	16.1%	70.8%	29.9%	1.9%	-1.5%	-19.0M	865.8M	-13.7M	0.50	4.69	42,294	21,139	1,504,220	1,584,788
2024-04-24	$26.29	$27.00	28.6%	8.7%	15.9%	70.3%	31.6%	2.0%	-1.5%	-18.4M	885.0M	-13.6M	0.80	4.30	38,365	30,797	1,513,516	1,590,003
2024-04-25	$25.31	$27.00	29.9%	9.3%	19.8%	78.7%	32.4%	0.7%	-2.4%	-45.2M	1.44B	-12.9M	0.39	2.68	120,720	47,367	1,525,135	1,602,475
2024-04-26	$25.44	$27.00	29.1%	9.1%	20.1%	73.4%	31.3%	1.5%	-2.3%	-42.2M	1.35B	-13.1M	0.61	2.84	70,884	42,970	1,588,439	1,617,086
2024-04-29	$25.59	$27.00	28.4%	9.4%	20.4%	68.9%	32.2%	1.7%	-0.0%	-39.0M	1.24B	-13.1M	0.45	2.45	100,305	44,996	1,535,770	1,597,943
2024-04-30	$25.61	$27.00	31.8%	10.3%	20.4%	90.9%	35.7%	1.1%	-0.7%	-34.3M	1.20B	-13.3M	0.48	2.79	133,776	64,374	1,583,311	1,623,849