PFE Options History — May 2024

In May 2024, PFE traded between $27.27 and $29.45. ATM implied volatility averaged 21.1%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 8.6% (HV 20d: 29.7%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.72.

Notable Days

2024-05-08: Highest Volume — 1,274,517 contracts
2024-05-15: Largest IV spike — 29.1% change
2024-05-15: Highest IV Rank — 48.8%
2024-05-01: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.33	$27.27	$29.45	$27.27	$28.46
Max Pain	$28.73	$27.00	$29.00	$27.00	$29.00
ATM IV	21.1%	18.2%	25.3%	22.8%	23.6%
Expected Move	6.0%	5.2%	7.4%	7.4%	6.5%
HV 20d	29.7%	21.9%	31.4%	31.0%	21.9%
HV 60d	25.3%	24.3%	26.2%	25.3%	24.3%
IV Rank	21.7%	3.2%	48.8%	32.4%	38.3%
IV Percentile	22.1%	1.2%	60.3%	35.7%	44.8%
Term Structure	0.1%	-5.3%	2.7%	0.9%	-0.7%
VWIV	21.2%	18.5%	26.3%	26.3%	22.7%
Skew 25d	0.1%	-1.0%	1.6%	1.6%	0.4%
Skew 10d	0.6%	-1.3%	8.4%	0.7%	0.9%
Call IV 25d	21.1%	18.3%	24.4%	23.0%	24.1%
Put IV 25d	21.2%	18.7%	24.7%	24.7%	24.5%
Bid-Ask Spread %	2.88	1.49	6.85	4.50	2.75
Gamma HHI	0.13	0.09	0.22	0.11	0.10
Net GEX	25.2M	-5.6M	48.9M	27.5M	16.9M
Net DEX	-254.7M	-746.4M	173.1M	51.0M	-186.5M
Net VEX	-14.1M	-14.7M	-13.6M	-14.0M	-14.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.03	1.61	0.58	0.48
Total Volume	207,068.909	61,295	1,274,517	438,325	86,650
Total OI	3,092,871.682	2,784,199	3,339,489	3,302,400	3,051,337

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
2024-05-01	$27.27	$27.00	22.8%	7.4%	31.0%	32.4%	26.3%	1.6%	0.9%	27.5M	51.0M	-14.0M	0.58	4.50	278,267	160,058	1,653,485	1,648,915
2024-05-02	$27.70	$27.00	22.9%	6.8%	30.4%	33.4%	24.4%	0.4%	0.0%	41.0M	-192.3M	-14.3M	0.88	2.65	180,738	158,876	1,660,403	1,663,735
2024-05-03	$27.79	$27.00	21.3%	6.3%	30.4%	23.4%	21.9%	0.1%	0.6%	48.9M	-311.0M	-13.9M	0.64	2.98	90,564	58,054	1,684,540	1,628,243
2024-05-06	$28.24	$29.00	21.1%	6.3%	30.7%	22.0%	22.1%	0.0%	0.6%	33.6M	-488.3M	-13.7M	0.53	2.51	116,158	61,925	1,613,375	1,619,282
2024-05-07	$27.82	$29.00	19.7%	6.0%	31.4%	12.4%	20.9%	0.2%	-0.8%	23.5M	-186.2M	-13.6M	0.81	2.29	95,571	77,785	1,633,996	1,650,416
2024-05-08	$28.31	$29.00	19.4%	5.8%	31.3%	11.1%	20.3%	-0.5%	1.1%	35.5M	-526.0M	-13.7M	0.03	1.49	1,237,009	37,508	1,653,495	1,685,994
2024-05-09	$28.14	$29.00	19.3%	5.9%	31.4%	10.0%	20.1%	0.3%	0.6%	13.5M	3.3M	-14.3M	0.74	1.70	98,443	72,726	1,507,556	1,699,414
2024-05-10	$28.04	$29.00	19.0%	5.6%	30.7%	8.2%	19.6%	0.4%	0.4%	21.3M	-45.5M	-14.1M	1.61	2.19	43,383	69,673	1,528,600	1,676,686
2024-05-13	$28.39	$29.00	21.1%	5.6%	30.8%	21.8%	20.0%	-0.3%	-5.3%	30.0M	-253.8M	-14.1M	0.68	3.64	89,738	61,431	1,493,868	1,535,108
2024-05-14	$28.37	$29.00	19.6%	5.5%	30.6%	11.9%	19.8%	0.7%	-0.2%	27.4M	-207.2M	-14.1M	0.63	1.68	55,186	34,496	1,510,794	1,560,166
2024-05-15	$28.79	$29.00	25.3%	5.4%	30.4%	48.8%	19.3%	-0.7%	-0.6%	40.5M	-496.7M	-14.2M	0.40	1.95	89,240	35,898	1,524,632	1,566,794
2024-05-16	$28.95	$29.00	18.6%	5.3%	30.1%	5.6%	18.5%	0.2%	-0.1%	48.3M	-604.3M	-14.2M	1.12	1.91	48,879	54,566	1,533,166	1,569,990
2024-05-17	$28.59	$29.00	18.2%	5.2%	30.1%	3.2%	18.7%	0.2%	-0.1%	27.0M	-386.0M	-13.9M	0.83	2.53	64,480	53,243	1,538,812	1,585,980
2024-05-20	$28.49	$29.00	18.6%	5.3%	30.0%	5.9%	19.7%	0.8%	1.5%	14.2M	-202.6M	-14.0M	1.03	3.38	50,590	51,953	1,404,271	1,379,928
2024-05-21	$28.59	$29.00	18.6%	5.3%	30.0%	5.4%	18.6%	0.7%	1.4%	20.3M	-277.2M	-13.8M	0.49	2.91	44,355	21,787	1,430,521	1,391,096
2024-05-22	$29.45	$29.00	22.1%	6.3%	31.2%	28.2%	22.4%	-0.5%	2.7%	33.7M	-746.4M	-14.3M	0.43	6.85	221,852	96,038	1,447,457	1,389,882
2024-05-23	$28.77	$29.00	21.1%	6.0%	28.9%	21.8%	21.3%	-1.0%	1.6%	25.3M	-368.1M	-14.6M	0.67	3.00	103,049	68,655	1,516,830	1,434,395
2024-05-24	$28.81	$29.00	21.4%	5.9%	28.9%	23.4%	21.1%	-0.5%	1.9%	24.8M	-376.7M	-14.7M	0.32	3.15	82,962	26,809	1,538,605	1,459,450
2024-05-28	$28.27	$29.00	22.9%	6.2%	30.3%	33.3%	22.2%	0.1%	-1.1%	12.0M	-60.8M	-14.4M	0.93	3.55	60,504	56,277	1,516,498	1,425,375
2024-05-29	$27.89	$29.00	23.6%	6.4%	30.9%	37.8%	22.7%	0.3%	-1.2%	-5.6M	173.1M	-14.3M	1.23	2.91	44,252	54,593	1,534,152	1,461,022
2024-05-30	$28.05	$29.00	23.8%	6.6%	22.0%	39.1%	22.9%	-0.5%	-1.0%	-5.6M	85.7M	-14.4M	0.81	2.96	33,864	27,431	1,546,377	1,488,536
2024-05-31	$28.46	$29.00	23.6%	6.5%	21.9%	38.3%	22.7%	0.4%	-0.7%	16.9M	-186.5M	-14.3M	0.48	2.75	58,583	28,067	1,556,939	1,494,398