PFE Options History — March 2026

In March 2026, PFE traded between $26.60 and $28.04. ATM implied volatility averaged 25.9%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 3.3% (HV 20d: 22.5%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.64.

Notable Days

  • 2026-03-06: Highest Volume — 224,542 contracts
  • 2026-03-30: Largest IV spike — 9.9% change
  • 2026-03-30: Highest IV Rank — 27.0%
  • 2026-03-30: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.15$26.60$28.04$27.27$28.04
Max Pain$26.20$26.00$27.00$26.00$27.00
ATM IV25.9%24.3%28.1%24.8%26.8%
Expected Move7.4%5.5%8.1%7.3%7.7%
HV 20d22.5%17.8%28.9%27.6%23.2%
HV 60d23.4%22.4%24.1%23.9%23.1%
IV Rank21.1%17.1%27.0%18.4%23.7%
IV Percentile64.0%46.4%82.1%52.4%73.0%
Term Structure0.6%-1.3%3.9%-0.6%3.9%
VWIV26.4%25.0%29.0%27.2%26.8%
Skew 25d2.3%-8.2%4.4%1.7%4.4%
Skew 10d5.2%-9.2%9.2%5.7%9.2%
Call IV 25d24.8%23.0%26.9%24.9%25.1%
Put IV 25d27.0%15.6%30.1%26.6%29.6%
Bid-Ask Spread %21.9310.1134.2623.2710.11
Gamma HHI0.150.110.340.120.13
Net GEX51.6M26.1M98.7M49.3M56.9M
Net DEX-701.6M-1.07B-366.4M-746.6M-1.04B
Net VEX-11.3M-11.6M-10.8M-11.2M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.161.560.860.27
Total Volume108,103.4554,516224,542100,508110,928
Total OI2,597,609.32,265,3182,879,6792,584,8272,370,853

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$27.27$26.0024.8%7.3%27.6%18.4%27.2%1.7%-0.6%49.3M-746.6M-11.2M0.8623.2753,93546,5731,404,3611,180,466
2026-03-03$26.66$26.0025.8%8.0%28.9%21.0%28.5%2.5%2.7%29.0M-402.8M-11.1M0.8833.6661,51754,3611,418,4051,189,111
2026-03-04$26.66$26.0024.3%7.1%26.4%17.1%25.2%2.4%0.0%27.3M-367.8M-10.9M1.1828.1346,82355,3121,425,0381,201,991
2026-03-05$26.60$26.0025.7%7.3%20.7%20.6%25.6%2.1%-0.4%28.7M-366.4M-10.8M0.5516.7437,70120,5641,443,5591,189,447
2026-03-06$27.07$26.0026.9%7.7%20.9%23.9%28.1%1.9%-1.3%58.4M-623.3M-11.0M0.1620.93193,16331,3791,443,2511,195,915
2026-03-09$26.81$26.0024.9%7.4%19.2%18.5%26.6%-8.2%0.1%38.8M-583.9M-11.5M0.4727.9676,77036,2851,504,3081,172,343
2026-03-10$27.17$26.0025.9%7.5%19.7%21.3%26.0%2.6%-0.1%54.2M-798.6M-11.5M0.3434.2672,19624,6561,515,9271,178,372
2026-03-11$27.30$26.0025.0%7.3%17.8%19.0%26.2%1.9%0.3%63.5M-881.4M-11.4M0.5817.4946,98027,1771,532,8051,192,531
2026-03-12$26.98$26.0025.8%7.7%18.2%21.1%26.5%2.7%0.4%53.2M-691.8M-11.5M1.5618.7834,68554,0851,545,8361,200,904
2026-03-13$26.61$26.0026.5%5.5%18.7%22.9%27.9%2.2%0.4%39.5M-485.2M-11.4M0.5620.1935,05619,4601,549,4841,200,064
2026-03-17$27.55$26.0024.8%7.1%22.7%18.2%25.4%2.2%0.6%79.9M-1.06B-11.3M0.6026.3198,03658,3501,530,7121,195,689
2026-03-18$27.27$26.0026.2%7.6%22.8%22.0%26.2%1.8%0.0%75.6M-866.2M-11.3M1.4624.8357,10683,6151,554,3271,228,140
2026-03-19$27.62$26.0025.0%7.3%23.2%18.8%25.1%3.8%1.0%98.7M-1.07B-11.6M0.3829.8469,10726,2771,568,1041,288,644
2026-03-20$26.94$26.0026.8%7.9%23.6%23.6%27.0%2.5%0.1%87.3M-597.3M-11.5M0.5716.7699,11256,2151,579,5831,300,096
2026-03-23$26.87$26.0025.7%7.2%23.6%20.7%25.0%3.9%1.1%26.1M-466.2M-11.2M0.8418.0368,20357,2361,216,9151,048,403
2026-03-24$27.05$26.0027.0%7.6%23.0%24.0%26.4%4.1%0.4%31.4M-565.6M-11.4M0.3722.0861,51822,5341,245,9241,072,949
2026-03-25$27.29$27.0025.5%7.3%23.2%20.2%25.1%3.8%1.0%41.3M-697.3M-11.5M0.2617.4059,48415,7521,271,0371,087,943
2026-03-26$27.54$27.0025.6%7.4%23.4%20.4%25.1%3.5%0.5%51.9M-848.9M-11.5M0.3419.9672,62125,0251,298,1821,092,426
2026-03-30$27.73$27.0028.1%8.1%23.5%27.0%29.0%3.2%2.7%40.7M-865.9M-11.5M0.5811.7558,53733,7351,267,3881,050,753
2026-03-31$28.04$27.0026.8%7.7%23.2%23.7%26.8%4.4%3.9%56.9M-1.04B-11.5M0.2710.1187,18923,7391,301,8481,069,005