PFE Options History — September 2025

In September 2025, PFE traded between $23.63 and $25.55. ATM implied volatility averaged 22.0%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 1.5% (HV 20d: 20.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2025-09-30: Highest Volume — 990,881 contracts
  • 2025-09-30: Largest IV spike — 14.4% change
  • 2025-09-30: Highest IV Rank — 20.0%
  • 2025-09-30: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.31$23.63$25.55$24.84$25.55
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV22.0%19.9%25.4%20.3%25.4%
Expected Move6.4%5.9%7.5%5.9%7.5%
HV 20d20.5%17.4%31.1%28.3%31.1%
HV 60d24.7%23.9%28.0%24.8%28.0%
IV Rank11.1%5.4%20.0%6.6%20.0%
IV Percentile18.7%4.4%55.6%7.9%55.6%
Term Structure0.8%-0.5%5.4%0.4%4.4%
VWIV22.7%20.2%27.2%20.2%27.2%
Skew 25d1.5%-1.1%2.6%2.4%-1.1%
Skew 10d1.8%-7.1%4.5%4.1%-1.9%
Call IV 25d21.8%19.0%27.0%19.6%27.0%
Put IV 25d23.3%21.1%25.9%22.0%25.9%
Bid-Ask Spread %7.172.5818.362.583.94
Gamma HHI0.090.080.120.090.09
Net GEX3.2M-12.5M34.9M5.6M34.9M
Net DEX275.6M-568.0M560.0M140.1M-568.0M
Net VEX-9.6M-12.2M-8.9M-9.5M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.140.900.690.14
Total Volume159,370.04834,221990,88177,163990,881
Total OI2,667,352.0952,411,7232,860,6432,580,8662,771,396

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$24.84$25.0020.3%5.9%28.3%6.6%20.2%2.4%0.4%5.6M140.1M-9.5M0.692.5845,64431,5191,396,5321,184,334
2025-09-03$24.79$25.0021.1%6.2%21.6%8.7%22.3%2.0%0.5%12.1M147.4M-9.5M0.602.7045,11326,9601,419,3551,183,395
2025-09-04$24.51$25.0020.0%5.9%18.2%5.7%21.0%1.4%0.8%9.9M267.1M-9.3M0.592.7757,14833,9261,439,0631,196,758
2025-09-05$24.79$25.0019.9%5.9%18.0%5.4%20.8%2.1%0.5%14.1M148.3M-9.4M0.869.7941,69235,9531,453,4391,202,766
2025-09-08$24.46$25.0021.4%6.5%18.3%9.6%22.1%2.2%0.8%5.0M298.4M-9.3M0.632.7249,42731,0711,422,4131,189,780
2025-09-09$24.74$25.0021.4%6.3%18.7%9.5%22.1%2.6%0.4%10.6M179.9M-9.4M0.503.8528,36314,3051,434,8981,211,920
2025-09-10$24.59$25.0021.4%6.2%18.8%9.5%21.4%1.8%0.0%8.6M246.1M-9.3M0.463.0423,37510,8461,452,9131,219,569
2025-09-11$24.84$25.0020.5%6.0%17.4%7.1%20.6%1.7%0.3%15.8M136.0M-9.3M0.293.1652,28815,3191,460,9041,221,900
2025-09-12$23.94$25.0021.8%6.3%21.7%10.5%22.6%2.0%0.1%-9.8M560.0M-8.9M0.7317.21148,209108,1361,479,1201,225,492
2025-09-15$23.96$25.0023.0%6.6%21.5%13.6%23.3%1.8%-0.5%-4.8M434.4M-9.3M0.7313.4165,80547,8721,498,6011,223,529
2025-09-16$23.91$25.0022.5%6.4%21.5%12.2%22.9%1.7%0.2%-5.2M456.8M-9.1M0.543.4760,33232,5191,524,2321,237,134
2025-09-17$24.04$25.0023.0%6.6%21.3%13.6%23.3%1.4%-0.1%-2.0M420.1M-9.2M0.7318.3659,58543,6641,530,1621,247,414
2025-09-18$24.12$25.0023.4%6.7%21.3%14.7%24.1%1.4%-0.3%-2.5M393.8M-9.3M0.653.1391,17059,0571,544,7811,270,732
2025-09-19$24.11$25.0021.8%6.2%20.7%10.6%22.8%1.8%0.6%-7.6M408.7M-9.2M0.845.6867,27156,7971,575,1151,285,528
2025-09-22$24.09$25.0022.7%6.4%20.5%12.7%22.6%1.2%2.5%2.1M284.9M-9.2M0.303.44168,23051,3141,364,2151,047,508
2025-09-23$24.07$25.0022.9%6.6%18.5%13.3%23.2%1.3%0.2%2.0M280.7M-9.5M0.2918.09182,95253,0671,417,8541,072,211
2025-09-24$24.02$25.0022.4%6.4%18.4%12.0%22.5%0.8%0.2%-1.0M264.5M-10.2M0.903.3360,43854,2311,514,6241,097,642
2025-09-25$23.63$25.0023.2%6.5%18.8%14.2%23.5%0.7%-0.0%-12.5M485.5M-10.0M0.5617.5972,78240,9341,522,8031,132,533
2025-09-26$23.73$25.0022.4%6.4%17.8%11.9%23.5%0.7%0.3%-4.2M445.4M-10.1M0.459.0975,08633,8501,547,6541,148,877
2025-09-29$23.82$25.0022.2%6.5%17.7%11.6%23.8%0.8%5.4%-3.5M357.6M-10.2M0.673.13107,61372,0271,513,8861,131,412
2025-09-30$25.55$25.0025.4%7.5%31.1%20.0%27.2%-1.1%4.4%34.9M-568.0M-12.2M0.143.94866,505124,3761,586,5081,184,888