PFE Options History — January 2026

In January 2026, PFE traded between $25.09 and $26.49. ATM implied volatility averaged 23.9%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 5.0% (HV 20d: 18.9%). Max pain ranged from $25.00 to $25.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.43.

Notable Days

  • 2026-01-22: Highest Volume — 949,824 contracts
  • 2026-01-27: Largest IV spike — 10.0% change
  • 2026-01-12: Highest IV Rank — 19.7%
  • 2026-01-27: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.65$25.09$26.49$25.16$26.44
Max Pain$25.07$25.00$25.50$25.00$25.50
ATM IV23.9%21.8%25.3%22.6%24.8%
Expected Move6.7%5.6%7.3%5.6%7.0%
HV 20d18.9%13.1%24.1%24.1%19.5%
HV 60d22.7%22.1%23.9%22.9%23.9%
IV Rank16.0%10.6%19.7%12.4%18.4%
IV Percentile38.9%13.1%54.8%22.2%50.8%
Term Structure-0.3%-2.0%1.2%1.2%-0.2%
VWIV23.6%19.4%25.9%19.4%25.2%
Skew 25d0.1%-1.3%1.9%1.0%-0.7%
Skew 10d1.1%-1.9%10.6%10.6%-0.1%
Call IV 25d23.9%20.4%25.7%20.4%24.7%
Put IV 25d24.1%21.4%26.3%21.4%24.0%
Bid-Ask Spread %25.0712.4146.0123.7413.02
Gamma HHI0.120.090.290.100.22
Net GEX28.5M-6.6M96.4M-612.5K96.4M
Net DEX-272.4M-689.1M64.5M-13.6M-612.3M
Net VEX-10.7M-11.6M-10.2M-10.6M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.040.940.410.31
Total Volume178,649.664,710949,82494,89092,009
Total OI2,940,568.82,541,6893,359,2013,017,2842,699,239

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$25.16$25.0022.6%5.6%24.1%12.4%19.4%1.0%1.2%-612.5K-13.6M-10.6M0.4123.7467,36927,5211,701,8731,315,411
2026-01-05$25.14$25.0023.2%6.5%24.1%14.1%23.3%0.6%-0.6%54.2K-11.5M-10.3M0.4920.59122,99760,7731,692,3261,306,788
2026-01-06$25.46$25.0024.5%6.7%23.5%17.6%23.3%1.9%-0.8%20.1M-264.3M-10.6M0.2229.18113,66725,4451,761,9221,343,478
2026-01-07$25.20$25.0025.1%6.7%23.6%19.0%23.7%1.8%-0.3%10.6M-99.8M-10.6M0.4830.83120,54057,3021,779,1541,345,354
2026-01-08$25.30$25.0024.7%6.6%22.7%18.2%23.5%0.2%-0.6%8.8M-118.0M-10.4M0.7923.75109,43886,4231,806,6671,376,860
2026-01-09$25.48$25.0024.9%6.7%22.2%18.5%23.5%0.5%-0.7%27.6M-252.5M-10.5M0.6726.3887,04458,2001,820,1461,391,883
2026-01-12$25.20$25.0025.3%6.7%22.5%19.7%23.8%0.7%-2.0%436.6K-20.3M-10.6M0.3527.61114,93839,7281,807,9061,390,831
2026-01-13$25.09$25.0024.0%6.6%22.5%16.2%23.8%-1.2%-0.8%-6.6M64.5M-10.3M0.9419.2970,84066,3271,833,9871,406,952
2026-01-14$25.52$25.0024.2%6.7%20.4%16.9%23.7%-0.1%-0.1%31.9M-296.7M-10.4M0.3133.88138,33843,2431,850,2411,452,277
2026-01-15$25.82$25.0024.0%6.7%13.8%16.4%23.6%-0.1%-0.7%61.5M-542.2M-10.4M0.4518.0974,51333,7471,883,1841,452,637
2026-01-16$25.69$25.0024.0%6.8%13.1%16.2%23.4%-0.3%-0.4%17.3M-443.6M-10.4M0.4819.1381,49839,3781,898,0991,461,102
2026-01-20$25.52$25.0024.0%6.8%13.3%16.3%24.2%-0.1%1.0%5.2M-99.0M-10.3M0.4745.6390,99342,7121,315,0241,226,665
2026-01-21$25.87$25.0022.4%6.4%14.1%12.2%23.1%0.0%-0.0%29.9M-316.7M-10.3M0.3136.8774,93423,2821,366,2481,252,792
2026-01-22$26.07$25.0022.0%6.3%14.3%10.9%21.6%0.2%0.5%80.9M-497.9M-10.2M0.0424.63914,31335,5111,398,1121,258,732
2026-01-23$25.64$25.0021.8%6.3%14.7%10.6%22.4%0.5%-0.0%19.1M-173.0M-11.2M0.6415.9965,00841,6911,373,6691,264,884
2026-01-26$25.89$25.0022.8%6.5%14.8%13.0%23.5%-0.3%-0.1%32.9M-316.5M-11.3M0.4512.4179,91235,7661,359,8141,227,163
2026-01-27$26.49$25.0025.0%7.3%16.5%18.9%25.9%-1.3%-0.2%52.2M-689.1M-11.6M0.2119.08220,31446,7221,388,5831,241,237
2026-01-28$25.86$25.5024.6%7.3%19.1%17.9%25.8%-1.1%0.1%33.8M-307.5M-11.5M0.3046.0181,42724,4191,420,7801,253,493
2026-01-29$26.09$25.5024.4%7.3%19.2%17.2%25.7%0.2%-0.7%48.7M-438.6M-11.5M0.3115.3049,48115,2291,423,5401,262,323
2026-01-30$26.44$25.5024.8%7.0%19.5%18.4%25.2%-0.7%-0.2%96.4M-612.3M-11.3M0.3113.0270,02621,9831,432,2271,267,012