27400 PFE Nov04 Nov18 33 call spreads went up in 3 blocks on the PHLX
Shares of Pfizer Inc. (PFE) are down .24 to 33.75. PFE is near the middle of the 52 week range.
- Paper traded 27400 PFE Nov04 Nov18 33 call spreads for .095.?
- The ADV is 34551 contracts.?
- The OI is less than 1k contracts.
The volume went up in 3 blocks on the PHLX. PFE has a dividend on Nov 08 and earnings in generally in late Oct.? The trade could be a stealthy way to bet on poor earnings as PFE need to drop to make the time spread pay.? As priced the trade looks sell the Nov04 and buy the Nov18 which would need a drift to the strike to pay.
- IV 30 is trading for 26%.?
- HV10 is trading for 13%.?
- IV 30 is above the HV 10.
Pfizer Inc. is a research-based global biopharmaceutical company.