Shares of Pfizer Inc. (PFE) are up .35 to 30.76 today.? PFE is in the middle of the 52 week range.
Today paper traded the 99000 PFE Sep 31/32 call spreads for .27. ?The ADV is 58816 contracts.? The OI is 14270 on the 41s and 149027 on the 42s.
The volume went up in 2 giant blocks.? More contracts went up in blocks with the volume over 120k on both strikes.? The calls did not trade as a spread although it does look like one.? The 32s went up on the bid so the trader looks like they are rolling down a long for more leverage.? Normally it is not done this way with the 32s trading through the offer.? It looks like the client still wants a long position net.
30-day implied volatility is 16%.?? 10-day implied volatility is 11%.? 30 day implied volatility is trading above the 10 realized volatility
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company.