PFE Options History — July 2025

In July 2025, PFE traded between $23.23 and $25.80. ATM implied volatility averaged 24.7%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 2.8% (HV 20d: 21.9%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2025-07-24: Highest Volume — 654,271 contracts
2025-07-07: Largest IV spike — 14.5% change
2025-07-31: Highest IV Rank — 21.7%
2025-07-31: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.90	$23.23	$25.80	$25.09	$23.23
Max Pain	$24.23	$24.00	$25.00	$24.00	$25.00
ATM IV	24.7%	22.5%	27.7%	22.8%	27.7%
Expected Move	7.3%	5.7%	9.1%	5.9%	9.1%
HV 20d	21.9%	19.3%	25.8%	20.6%	24.2%
HV 60d	26.6%	25.4%	31.7%	31.7%	26.1%
IV Rank	13.5%	7.3%	21.7%	8.3%	21.7%
IV Percentile	43.1%	14.7%	79.0%	19.0%	79.0%
Term Structure	-0.2%	-1.2%	3.4%	2.7%	-1.2%
VWIV	25.6%	20.9%	33.4%	21.0%	33.4%
Skew 25d	2.3%	0.5%	4.6%	3.7%	0.8%
Skew 10d	4.9%	1.3%	10.5%	5.5%	1.3%
Call IV 25d	24.0%	18.7%	27.8%	20.0%	27.8%
Put IV 25d	26.3%	23.3%	28.9%	23.7%	28.5%
Bid-Ask Spread %	9.52	2.81	28.82	13.50	3.17
Gamma HHI	0.11	0.07	0.21	0.12	0.09
Net GEX	14.2M	-23.0M	61.2M	27.9M	-15.7M
Net DEX	-39.4M	-574.7M	759.0M	-260.2M	759.0M
Net VEX	-10.3M	-11.0M	-9.6M	-10.8M	-9.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.04	1.67	0.38	0.52
Total Volume	123,576.818	44,710	654,271	166,764	131,850
Total OI	2,829,013.682	2,686,819	3,015,190	2,765,429	2,766,167

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
2025-07-01	$25.09	$24.00	22.8%	5.9%	20.6%	8.3%	21.0%	3.7%	2.7%	27.9M	-260.2M	-10.8M	0.38	13.50	120,692	46,072	1,459,176	1,306,253
2025-07-02	$25.30	$24.00	22.6%	5.7%	20.6%	7.7%	21.0%	2.8%	2.6%	35.9M	-423.6M	-10.7M	1.24	8.42	62,489	77,626	1,488,355	1,324,490
2025-07-03	$25.48	$24.00	22.5%	7.0%	20.6%	7.3%	24.0%	4.6%	3.4%	61.2M	-498.6M	-11.0M	0.92	14.72	60,042	55,219	1,499,390	1,332,353
2025-07-07	$25.23	$24.00	25.7%	7.2%	20.5%	16.3%	24.7%	4.0%	-1.2%	25.1M	-269.1M	-10.7M	0.39	8.43	49,480	19,503	1,461,563	1,326,152
2025-07-08	$25.63	$24.00	25.1%	6.9%	20.8%	14.7%	24.5%	3.2%	-0.8%	34.4M	-501.9M	-10.8M	0.59	25.60	67,904	40,041	1,475,131	1,335,909
2025-07-09	$25.48	$24.00	26.4%	7.2%	19.3%	18.2%	24.5%	3.1%	-1.0%	32.8M	-434.6M	-10.6M	1.14	28.82	36,614	41,657	1,488,823	1,350,636
2025-07-10	$25.80	$24.00	24.3%	6.8%	19.3%	12.4%	26.8%	4.0%	-0.5%	38.3M	-574.7M	-10.8M	0.65	11.34	71,548	46,630	1,498,694	1,375,702
2025-07-11	$25.68	$24.00	24.8%	6.9%	19.5%	13.6%	25.7%	4.0%	-0.5%	28.4M	-484.2M	-10.7M	0.59	10.04	38,367	22,649	1,505,114	1,405,899
2025-07-14	$25.38	$24.00	25.5%	7.2%	19.3%	15.6%	25.4%	2.2%	-1.2%	29.0M	-312.7M	-10.5M	0.48	9.59	30,285	14,425	1,484,126	1,375,633
2025-07-15	$24.59	$24.00	25.1%	7.1%	21.9%	14.5%	25.3%	2.7%	-0.4%	11.6M	177.6M	-10.1M	1.67	3.77	57,983	96,833	1,491,287	1,381,782
2025-07-16	$24.57	$24.00	25.4%	7.3%	21.9%	15.3%	25.5%	1.8%	-0.2%	4.9M	190.2M	-10.0M	0.48	5.43	57,218	27,549	1,501,661	1,448,854
2025-07-17	$24.54	$24.00	25.4%	7.3%	20.8%	15.5%	26.2%	1.4%	-1.1%	-6.1M	233.2M	-10.2M	1.18	3.78	35,715	42,043	1,520,130	1,461,763
2025-07-18	$24.46	$24.00	24.7%	7.2%	20.9%	13.6%	25.4%	1.2%	-0.7%	-23.0M	273.1M	-9.9M	0.48	17.52	62,884	30,446	1,529,664	1,485,526
2025-07-21	$24.31	$24.00	23.8%	7.3%	21.0%	11.1%	24.8%	1.3%	0.2%	-9.5M	358.3M	-9.6M	0.34	6.25	76,284	25,708	1,387,884	1,364,154
2025-07-22	$25.13	$24.00	24.4%	7.3%	24.0%	12.6%	25.5%	1.8%	-0.8%	10.6M	-99.1M	-10.1M	0.27	5.14	86,497	23,196	1,426,753	1,379,247
2025-07-23	$25.36	$24.00	23.6%	7.4%	23.6%	10.5%	26.0%	1.1%	-0.1%	22.9M	-256.2M	-10.1M	0.40	5.13	81,350	32,920	1,453,647	1,379,603
2025-07-24	$25.32	$24.00	23.8%	7.2%	23.6%	10.9%	20.9%	0.5%	-0.9%	20.0M	-236.5M	-9.9M	0.04	3.11	629,144	25,127	1,460,433	1,382,485
2025-07-25	$24.82	$25.00	23.9%	7.5%	24.7%	11.3%	25.8%	2.0%	-0.9%	-2.9M	211.2M	-10.5M	0.40	3.95	54,574	21,703	1,384,999	1,393,685
2025-07-28	$24.34	$25.00	25.3%	8.0%	25.8%	15.0%	28.1%	1.6%	-0.2%	-1.9M	346.8M	-10.3M	0.61	3.14	46,949	28,649	1,373,699	1,313,120
2025-07-29	$24.29	$25.00	25.0%	8.1%	25.8%	14.3%	28.4%	2.3%	-0.7%	-3.2M	378.2M	-10.2M	0.51	2.81	46,814	23,889	1,394,172	1,324,509
2025-07-30	$23.84	$25.00	25.9%	8.4%	23.2%	16.9%	30.8%	1.0%	-0.6%	-8.3M	556.2M	-10.0M	0.45	15.79	49,793	22,329	1,404,157	1,335,521
2025-07-31	$23.23	$25.00	27.7%	9.1%	24.2%	21.7%	33.4%	0.8%	-1.2%	-15.7M	759.0M	-9.9M	0.52	3.17	86,656	45,194	1,420,359	1,345,808