PFE Options History — February 2026

In February 2026, PFE traded between $25.74 and $27.77. ATM implied volatility averaged 23.8%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 4.3% (HV 20d: 28.1%). Max pain ranged from $25.50 to $26.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.56.

Notable Days

  • 2026-02-06: Highest Volume — 271,660 contracts
  • 2026-02-03: Largest IV drop — 5.1% change
  • 2026-02-02: Highest IV Rank — 19.5%
  • 2026-02-02: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.11$25.74$27.77$26.55$27.61
Max Pain$25.95$25.50$26.00$25.50$26.00
ATM IV23.8%23.0%25.3%25.3%24.4%
Expected Move6.9%6.6%7.9%7.9%7.1%
HV 20d28.1%19.3%30.1%19.3%27.4%
HV 60d24.6%23.7%26.4%23.7%23.7%
IV Rank15.8%13.6%19.5%19.5%17.2%
IV Percentile39.5%27.4%57.9%57.9%47.2%
Term Structure-0.2%-2.5%0.7%0.4%-0.8%
VWIV24.7%23.6%28.4%28.4%24.9%
Skew 25d1.1%-0.6%3.1%0.2%2.7%
Skew 10d2.3%-2.9%6.1%-0.4%3.4%
Call IV 25d23.6%22.4%25.9%25.9%23.2%
Put IV 25d24.7%23.5%26.6%26.1%25.9%
Bid-Ask Spread %20.5510.1741.3711.6014.66
Gamma HHI0.130.110.160.120.12
Net GEX51.7M16.8M69.1M37.8M56.0M
Net DEX-829.4M-1.24B-199.5M-614.7M-995.7M
Net VEX-11.4M-12.2M-10.9M-11.4M-11.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.201.150.600.32
Total Volume145,808.89559,973271,660204,365128,937
Total OI2,704,367.8422,503,3602,867,6522,596,0312,624,239

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$26.55$25.5025.3%7.9%19.3%19.5%28.4%0.2%0.4%37.8M-614.7M-11.4M0.6011.60127,32877,0371,357,1401,238,891
2026-02-03$25.74$26.0024.0%7.0%22.7%16.2%24.7%-0.1%-0.6%16.8M-199.5M-11.1M0.6723.43126,76685,5411,396,9591,260,971
2026-02-04$26.94$25.5024.0%7.1%27.4%16.2%25.6%-0.6%0.4%58.7M-853.2M-11.4M0.3134.03183,51156,0271,421,2131,300,198
2026-02-05$26.53$26.0024.1%7.1%27.8%16.7%26.3%0.4%-2.5%50.9M-663.5M-11.4M0.8626.16140,347120,0531,445,6411,289,439
2026-02-06$27.20$26.0023.0%6.9%28.9%13.6%24.1%0.4%0.7%50.7M-987.0M-11.5M0.5220.26178,99792,6631,446,1421,324,787
2026-02-09$27.05$26.0023.0%6.6%29.1%13.7%23.6%0.5%-0.4%54.2M-826.3M-11.5M0.4720.7453,84925,1811,418,3611,309,385
2026-02-10$27.70$26.0023.1%6.6%29.5%13.9%23.8%1.3%-0.4%65.1M-1.19B-11.5M0.4718.1876,46435,9611,436,2311,316,073
2026-02-11$27.77$26.0024.1%6.9%29.3%16.7%24.3%0.9%0.3%64.5M-1.22B-11.6M0.2018.79186,08437,0421,440,7391,335,497
2026-02-12$27.63$26.0023.9%7.0%29.1%16.0%25.6%0.4%0.7%69.1M-1.19B-12.2M0.3321.3476,94825,7311,499,9751,346,237
2026-02-13$27.68$26.0023.2%6.7%29.0%14.1%24.5%1.1%0.4%68.2M-1.24B-11.9M1.1510.1784,41396,9821,522,1061,345,546
2026-02-17$27.43$26.0024.3%7.0%29.2%17.0%25.1%1.8%-0.3%66.8M-1.02B-11.7M0.4912.8058,59928,6531,495,6441,279,518
2026-02-18$27.37$26.0023.5%6.7%29.0%15.0%24.8%1.4%-0.7%64.1M-962.3M-11.3M0.7927.1444,45235,2231,463,4241,284,234
2026-02-19$26.77$26.0023.7%6.8%30.1%15.4%24.4%1.3%-0.4%51.5M-585.9M-11.0M0.6719.5571,09147,9751,472,1631,283,962
2026-02-20$26.64$26.0023.0%6.6%30.1%13.7%23.6%1.3%-0.3%28.8M-473.2M-10.9M1.0526.9076,85880,3741,481,7011,301,195
2026-02-23$27.05$26.0023.6%6.9%29.8%15.1%23.8%1.6%0.0%36.6M-626.3M-11.0M0.2741.3770,25618,9471,337,9111,165,449
2026-02-24$27.14$26.0024.6%7.0%29.7%17.7%25.2%3.1%-0.6%45.7M-694.3M-11.1M0.6314.6962,60739,2311,377,4241,173,044
2026-02-25$27.11$26.0023.9%6.8%28.7%15.9%23.8%2.0%0.3%44.4M-667.5M-11.2M0.4215.4042,16217,8111,396,0501,189,095
2026-02-26$27.19$26.0023.9%6.8%27.1%15.9%24.0%1.1%-0.4%51.6M-732.3M-11.2M0.3313.2645,32914,9391,409,3821,197,023
2026-02-27$27.61$26.0024.4%7.1%27.4%17.2%24.9%2.7%-0.8%56.0M-995.7M-11.2M0.3214.6697,45231,4851,423,8021,200,437