PFE Options History — December 2024

In December 2024, PFE traded between $25.23 and $26.70. ATM implied volatility averaged 24.8%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 1.8% (HV 20d: 26.6%). Max pain ranged from $26.00 to $27.50. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2024-12-20: Highest Volume — 276,548 contracts
2024-12-17: Largest IV drop — 10.7% change
2024-12-16: Highest IV Rank — 62.4%
2024-12-16: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.96	$25.23	$26.70	$25.86	$26.51
Max Pain	$26.50	$26.00	$27.50	$27.00	$26.00
ATM IV	24.8%	22.0%	27.3%	22.8%	23.3%
Expected Move	6.9%	5.8%	7.8%	6.9%	6.1%
HV 20d	26.6%	21.4%	28.3%	26.5%	25.1%
HV 60d	22.8%	21.1%	24.3%	22.3%	24.2%
IV Rank	44.8%	26.1%	62.4%	31.4%	34.9%
IV Percentile	48.9%	15.9%	77.0%	23.0%	31.0%
Term Structure	1.3%	-1.6%	11.9%	-0.9%	2.9%
VWIV	24.6%	21.0%	27.8%	24.1%	21.9%
Skew 25d	1.2%	-0.1%	3.0%	1.3%	1.7%
Skew 10d	2.1%	-13.3%	6.3%	3.4%	2.5%
Call IV 25d	24.5%	21.8%	27.5%	22.6%	21.8%
Put IV 25d	25.7%	23.6%	28.3%	23.9%	23.6%
Bid-Ask Spread %	3.82	1.45	10.02	3.10	9.59
Gamma HHI	0.12	0.10	0.20	0.10	0.13
Net GEX	12.7M	-20.4M	84.7M	-5.4M	31.0M
Net DEX	302.6M	-267.5M	813.5M	457.4M	-7.1M
Net VEX	-13.4M	-13.8M	-12.8M	-13.3M	-12.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.31	1.71	0.81	0.31
Total Volume	156,471.619	67,231	276,548	112,479	115,161
Total OI	3,470,485.905	3,183,931	3,774,728	3,287,488	3,216,133

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
2024-12-02	$25.86	$27.00	22.8%	6.9%	26.5%	31.4%	24.1%	1.3%	-0.9%	-5.4M	457.4M	-13.3M	0.81	3.10	62,054	50,425	1,798,724	1,488,764
2024-12-03	$25.56	$27.00	22.0%	7.2%	26.6%	26.1%	25.7%	0.6%	3.5%	-11.2M	614.4M	-13.1M	0.86	2.56	65,644	56,755	1,818,555	1,512,485
2024-12-04	$25.23	$27.00	23.3%	7.3%	26.6%	34.6%	25.3%	0.6%	0.5%	-19.6M	813.5M	-12.9M	0.59	7.42	75,174	44,654	1,849,353	1,542,215
2024-12-05	$25.77	$27.50	23.6%	7.1%	27.9%	37.1%	25.4%	1.2%	1.0%	-5.0M	457.1M	-13.6M	0.67	2.83	109,823	73,628	1,878,291	1,565,542
2024-12-06	$25.66	$27.50	24.4%	7.2%	27.9%	42.6%	25.5%	0.5%	-1.1%	-8.8M	511.6M	-13.5M	0.89	2.04	100,297	89,603	1,907,942	1,570,440
2024-12-09	$26.13	$27.50	25.3%	7.3%	27.8%	48.6%	26.0%	-0.1%	-0.2%	3.0M	239.2M	-13.7M	0.79	2.21	105,395	83,366	1,853,306	1,575,319
2024-12-10	$25.57	$27.50	25.2%	7.5%	28.0%	47.7%	26.8%	0.1%	0.6%	-6.7M	578.7M	-13.4M	1.18	2.63	107,968	127,251	1,881,250	1,583,411
2024-12-11	$25.24	$27.50	27.3%	7.7%	28.3%	62.2%	27.3%	0.9%	-0.4%	-18.5M	810.9M	-13.2M	0.61	1.98	124,532	76,019	1,919,867	1,621,307
2024-12-12	$25.37	$26.00	27.1%	7.6%	27.6%	60.9%	26.2%	1.3%	-1.0%	-15.1M	687.8M	-13.6M	1.71	7.66	57,728	98,624	1,989,012	1,665,003
2024-12-13	$25.63	$26.00	26.3%	7.5%	26.2%	55.5%	26.2%	1.2%	-0.3%	-7.0M	524.0M	-13.8M	0.56	1.45	76,639	43,211	2,006,516	1,677,712
2024-12-16	$25.27	$26.00	27.3%	7.8%	21.4%	62.4%	27.1%	0.3%	11.9%	-20.4M	807.4M	-13.3M	0.55	2.57	111,301	61,062	1,958,778	1,659,729
2024-12-17	$26.34	$26.00	24.4%	7.0%	25.8%	42.4%	24.6%	0.5%	3.7%	19.6M	-531.3K	-13.7M	0.46	2.73	184,179	84,277	2,009,247	1,706,418
2024-12-18	$26.02	$26.00	26.5%	7.6%	26.4%	57.0%	27.8%	1.6%	3.9%	7.2M	220.0M	-13.6M	0.57	3.71	71,925	40,760	2,044,804	1,715,584
2024-12-19	$25.76	$26.00	26.6%	7.5%	26.7%	57.7%	26.5%	2.1%	1.7%	-3.5M	458.0M	-13.2M	0.59	1.82	74,368	43,788	2,059,965	1,714,763
2024-12-20	$26.32	$26.00	23.9%	6.6%	27.6%	38.9%	23.3%	1.5%	3.0%	38.7M	-113.6M	-13.6M	0.38	2.30	200,633	75,915	2,077,007	1,696,725
2024-12-23	$26.66	$26.00	24.3%	6.2%	27.1%	41.4%	21.4%	3.0%	-0.3%	50.3M	-218.9M	-13.4M	0.55	3.44	86,898	47,941	1,865,110	1,356,763
2024-12-24	$26.70	$26.00	23.5%	5.9%	26.3%	36.2%	21.4%	2.1%	-0.2%	61.1M	-267.5M	-13.5M	0.31	10.02	51,416	15,815	1,909,228	1,368,517
2024-12-26	$26.50	$26.00	24.4%	5.8%	26.0%	42.1%	21.0%	1.4%	-1.6%	60.4M	-99.8M	-13.3M	1.42	4.08	61,484	87,141	1,930,328	1,373,802
2024-12-27	$26.58	$26.00	23.6%	6.0%	26.0%	36.7%	21.7%	1.5%	-0.7%	84.7M	-162.1M	-13.3M	0.58	2.31	72,844	42,224	1,938,459	1,389,899
2024-12-30	$26.43	$26.00	24.6%	6.2%	25.6%	43.8%	22.4%	1.5%	1.9%	31.8M	44.2M	-13.0M	0.84	3.80	69,534	58,448	1,823,073	1,360,858
2024-12-31	$26.51	$26.00	23.3%	6.1%	25.1%	34.9%	21.9%	1.7%	2.9%	31.0M	-7.1M	-12.8M	0.31	9.59	88,107	27,054	1,827,357	1,388,776