PFE Options History — March 2025

In March 2025, PFE traded between $25.05 and $26.66. ATM implied volatility averaged 25.9%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 7.6% (HV 20d: 18.3%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2025-03-27: Highest Volume — 363,891 contracts
  • 2025-03-25: Largest IV spike — 11.4% change
  • 2025-03-11: Highest IV Rank — 77.0%
  • 2025-03-11: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.89$25.05$26.66$26.18$25.39
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV25.9%22.0%29.4%24.9%27.8%
Expected Move7.8%7.0%8.7%7.3%8.2%
HV 20d18.3%16.2%21.7%21.2%17.7%
HV 60d19.9%18.1%21.4%21.4%18.8%
IV Rank52.6%25.6%77.0%45.8%65.4%
IV Percentile63.4%15.9%89.7%56.0%82.1%
Term Structure0.2%-1.3%3.4%-0.3%1.7%
VWIV27.8%24.7%31.0%25.4%31.0%
Skew 25d1.8%1.0%2.7%1.7%1.8%
Skew 10d2.6%-7.2%6.5%-0.4%5.8%
Call IV 25d25.4%21.4%29.3%24.4%27.5%
Put IV 25d27.2%23.0%31.9%26.1%29.4%
Bid-Ask Spread %22.887.0442.4118.4021.75
Gamma HHI0.160.100.330.100.16
Net GEX-10.1M-81.7M24.0M13.0M-21.8M
Net DEX256.9M-333.2M810.3M10.3M521.1M
Net VEX-12.8M-13.5M-12.1M-13.1M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.391.400.840.57
Total Volume153,726.14358,128363,891178,658127,304
Total OI3,018,563.2862,739,8583,190,3632,879,8653,012,664

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$26.18$26.0024.9%7.3%21.2%45.8%25.4%1.7%-0.3%13.0M10.3M-13.1M0.8418.4097,05681,6021,583,1671,296,698
2025-03-04$25.80$26.0025.7%7.3%21.7%51.5%25.9%1.8%-0.1%-1.1M239.2M-13.0M0.5017.6282,54341,6021,610,3811,337,153
2025-03-05$25.86$26.0026.7%7.4%21.1%58.1%26.0%2.1%-1.3%546.7K194.6M-13.1M0.477.7657,33326,8821,631,3541,344,676
2025-03-06$26.19$26.0026.4%7.3%19.1%56.2%26.1%1.3%0.0%14.5M-30.0M-13.3M0.4122.0477,72431,8711,644,3771,359,627
2025-03-07$26.66$26.0025.8%7.1%16.9%51.9%25.4%1.9%-0.2%24.0M-333.2M-13.5M0.4911.28151,48374,9491,661,2071,361,093
2025-03-10$26.56$26.0028.3%8.6%16.8%69.1%30.3%1.6%-0.2%18.3M-124.5M-13.4M0.5622.36114,41164,3981,592,6831,355,429
2025-03-11$25.99$26.0029.4%8.7%18.5%77.0%31.0%2.6%-0.4%-1.6M222.8M-13.2M0.5518.5088,10948,1291,605,5371,374,206
2025-03-12$25.80$26.0028.6%8.1%18.0%70.9%30.5%2.7%-1.0%-14.0M352.0M-13.1M0.777.0494,83273,2281,626,3051,401,388
2025-03-13$25.69$26.0028.6%8.3%18.0%71.5%29.3%2.7%-0.7%-22.8M444.4M-13.1M0.8011.1851,46241,0361,644,3901,450,416
2025-03-14$25.66$26.0026.0%7.0%17.8%53.5%24.7%1.7%-0.5%-21.1M480.2M-12.9M0.4411.3775,91933,1731,658,4391,465,010
2025-03-17$26.12$26.0025.2%7.8%18.7%48.0%28.4%2.1%-0.7%-1.4M169.6M-12.8M0.4035.8789,47535,4181,639,6311,424,195
2025-03-18$26.34$26.0025.8%8.0%18.9%51.7%27.8%2.3%-0.9%7.8M14.1M-12.9M0.4735.0189,69942,5191,652,4941,438,671
2025-03-19$26.20$26.0023.9%7.7%18.6%39.1%26.7%1.4%-0.5%4.7M61.3M-12.8M0.5442.4162,48334,0411,693,8751,458,848
2025-03-20$26.14$26.0023.3%7.7%18.6%34.8%28.2%1.7%-1.0%1.4M83.1M-12.8M0.5724.7036,92721,2011,708,6111,465,644
2025-03-21$26.09$26.0023.5%7.6%16.5%36.3%28.0%1.4%-0.7%-8.7M118.5M-12.5M0.3929.1693,08236,7601,721,3151,469,048
2025-03-24$26.06$26.0022.0%7.5%16.2%25.6%26.3%1.6%3.4%-3.3M198.2M-12.4M0.5728.99103,99059,2741,419,3301,320,528
2025-03-25$25.55$26.0024.5%8.0%17.4%42.8%27.9%1.8%2.4%-23.8M474.2M-12.1M1.0017.35120,286120,4441,472,4211,337,506
2025-03-26$25.20$26.0026.1%8.1%17.6%53.7%29.1%1.0%1.8%-41.4M698.0M-12.4M1.2036.9396,093115,1071,542,0931,411,741
2025-03-27$25.05$26.0025.9%8.1%17.3%52.5%28.2%1.5%2.2%-53.0M810.3M-12.3M1.4031.66151,671212,2201,587,1061,462,014
2025-03-28$25.13$26.0025.4%8.1%17.2%49.5%27.6%1.6%0.9%-81.7M790.8M-12.4M0.4229.19121,29051,2231,598,7311,549,827
2025-03-31$25.39$26.0027.8%8.2%17.7%65.4%31.0%1.8%1.7%-21.8M521.1M-12.6M0.5721.7581,28446,0201,561,5091,451,155