Paper traded 21000 PFE Jan 2017 28 puts and 32 calls
Shares of Pfizer (PFE) are up .68 to 31.40 today.? PFE is the middle 52 week range.
- Paper traded 21000 PFE Jan 2017 28 puts and 32 calls for 1.38 and 1.52.?
- PFE trades 69k contracts per day. ?
- The OI is over 100k contracts on both strikes.
The trade went up on the ISE marked straddle.? The trade is most likely a strangle close with the huge open interest in the strikes.? The timing is odd for a close since the deal with AGN is in tatters but maybe the trader wants to reduce risk.? If opening they are looking for a move outside of a normal yealy range for PFE.
- IV30 IS 23% and HV10 is 20%?
- The current realized volatility is trading at a premium to implied volatility.
Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in discovering, developing and manufacturing of healthcare products. Its products include Lyrica, the Prevnar family of products, Enbrel, Celebrex, Lipitor, Viagra, Zyvox, Sutent, EpiPen, Toviaz, Tygacil, Rapamune, Xalkori, Inlyta, Norvasc, BeneFIX, Genotropin and Enbrel, among others.