PFE Options History — January 2025

In January 2025, PFE traded between $26.02 and $27.04. ATM implied volatility averaged 25.8%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 6.6% (HV 20d: 19.2%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2025-01-23: Highest Volume — 396,057 contracts
2025-01-06: Largest IV spike — 15.2% change
2025-01-10: Highest IV Rank — 66.9%
2025-01-30: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.58	$26.02	$27.04	$26.65	$26.49
Max Pain	$26.18	$26.00	$27.00	$26.00	$26.50
ATM IV	25.8%	23.0%	28.0%	23.7%	26.4%
Expected Move	7.3%	5.5%	8.3%	6.2%	8.0%
HV 20d	19.2%	14.1%	24.6%	24.6%	18.2%
HV 60d	22.8%	22.0%	23.9%	23.9%	23.4%
IV Rank	52.1%	33.0%	66.9%	37.3%	56.2%
IV Percentile	64.0%	27.8%	82.9%	37.7%	73.8%
Term Structure	-0.4%	-1.6%	3.7%	3.0%	-1.1%
VWIV	25.6%	20.0%	29.1%	21.9%	27.9%
Skew 25d	1.1%	-0.5%	2.0%	1.7%	1.2%
Skew 10d	2.0%	-0.5%	3.9%	2.1%	3.9%
Call IV 25d	25.6%	20.7%	28.0%	21.9%	26.2%
Put IV 25d	26.7%	22.6%	29.8%	23.6%	27.4%
Bid-Ask Spread %	19.96	2.33	34.20	2.33	18.05
Gamma HHI	0.12	0.09	0.17	0.15	0.10
Net GEX	10.4M	-34.8M	34.4M	34.4M	-13.7M
Net DEX	59.1M	-206.0M	376.8M	-94.4M	117.2M
Net VEX	-12.7M	-13.4M	-11.8M	-12.9M	-13.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.35	1.48	1.48	1.04
Total Volume	148,485.8	89,801	396,057	146,422	89,847
Total OI	3,030,729.4	2,547,301	3,325,550	3,256,905	2,926,862

Daily Data (20 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
2025-01-02	$26.65	$26.00	23.7%	6.2%	24.6%	37.3%	21.9%	1.7%	3.0%	34.4M	-94.4M	-12.9M	1.48	2.33	59,062	87,360	1,848,758	1,408,147
2025-01-03	$26.62	$26.00	23.0%	5.5%	24.0%	33.0%	20.0%	1.8%	3.7%	12.9M	-82.4M	-12.7M	0.49	6.06	65,608	32,422	1,856,647	1,420,871
2025-01-06	$26.89	$26.00	26.5%	7.3%	23.2%	57.0%	26.0%	1.3%	-0.4%	20.7M	-149.6M	-12.9M	0.53	31.00	130,972	69,425	1,784,045	1,381,305
2025-01-07	$27.04	$26.00	27.7%	7.5%	23.1%	64.9%	26.4%	1.5%	-1.1%	24.9M	-206.0M	-13.0M	0.65	34.20	107,383	69,607	1,813,789	1,400,039
2025-01-08	$26.96	$26.00	27.9%	7.4%	22.4%	66.3%	26.5%	1.8%	-0.8%	26.2M	-143.6M	-13.0M	0.71	13.58	57,496	41,076	1,828,373	1,419,927
2025-01-10	$26.77	$26.00	28.0%	7.6%	21.0%	66.9%	26.7%	1.8%	-1.4%	15.3M	-16.6M	-12.8M	0.67	23.03	67,070	44,751	1,840,934	1,428,210
2025-01-13	$26.69	$26.00	26.8%	7.4%	20.3%	58.7%	26.0%	1.2%	-0.5%	9.4M	97.1M	-12.5M	0.91	22.33	71,562	64,958	1,803,013	1,393,419
2025-01-14	$26.36	$26.00	26.8%	7.4%	21.0%	58.7%	25.7%	1.4%	-1.0%	1.0M	278.0M	-12.1M	0.52	24.18	64,542	33,637	1,826,616	1,418,286
2025-01-15	$26.23	$26.00	25.9%	7.2%	20.9%	52.7%	25.5%	0.7%	-0.6%	-927.5K	315.5M	-12.2M	0.59	24.43	78,400	46,449	1,842,798	1,433,512
2025-01-16	$26.55	$26.00	24.1%	6.6%	20.4%	40.7%	23.9%	1.3%	-1.2%	11.6M	176.9M	-12.0M	1.46	24.20	54,394	79,363	1,867,632	1,448,540
2025-01-17	$26.32	$26.00	23.6%	6.5%	14.6%	36.6%	22.9%	0.2%	-1.0%	-317.3K	249.5M	-11.9M	0.59	29.52	95,033	56,105	1,883,026	1,442,524
2025-01-21	$26.54	$26.00	24.5%	7.0%	14.2%	43.1%	24.6%	0.7%	-1.2%	5.7M	152.9M	-11.9M	0.43	12.59	93,096	40,123	1,354,171	1,193,130
2025-01-22	$26.06	$26.00	25.5%	7.3%	15.3%	49.8%	25.6%	-0.5%	-0.6%	-6.7M	376.8M	-11.8M	0.76	20.63	83,895	63,894	1,392,326	1,217,963
2025-01-23	$26.43	$26.00	25.2%	7.3%	14.1%	47.9%	25.2%	-0.1%	-0.3%	6.9M	192.0M	-12.1M	0.37	12.97	288,427	107,630	1,431,850	1,260,064
2025-01-24	$26.02	$27.00	26.3%	7.6%	14.4%	55.2%	26.6%	0.3%	-0.7%	-34.8M	368.3M	-13.1M	0.53	14.12	80,094	42,449	1,447,946	1,343,653
2025-01-27	$26.82	$26.50	26.0%	7.7%	18.2%	53.2%	26.8%	1.4%	-0.4%	21.8M	-159.2M	-13.3M	0.35	17.39	159,742	56,094	1,435,734	1,313,576
2025-01-28	$26.81	$26.50	27.0%	8.1%	18.0%	60.0%	28.1%	2.0%	-0.6%	23.4M	-124.6M	-13.4M	0.35	23.32	66,741	23,060	1,466,690	1,339,404
2025-01-29	$26.70	$26.50	25.3%	7.5%	18.0%	48.5%	26.4%	1.2%	-0.1%	27.4M	-78.9M	-13.3M	1.16	22.22	56,756	65,760	1,491,119	1,341,706
2025-01-30	$26.74	$26.50	26.2%	8.3%	17.9%	54.9%	29.1%	1.2%	-1.6%	22.5M	-87.1M	-13.4M	1.18	23.11	80,503	94,930	1,500,511	1,367,472
2025-01-31	$26.49	$26.50	26.4%	8.0%	18.2%	56.2%	27.9%	1.2%	-1.1%	-13.7M	117.2M	-13.2M	1.04	18.05	43,986	45,861	1,517,372	1,409,490