Mixed options sentiment in Pfizer with shares down 1.29%

Mixed options sentiment in Pfizer (PFE), with shares down 34c near $26.45. Options volume roughly in line with average with 50k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.54. Implied volatility (IV30) dropped 1.6 near 24.18,and below the 52wk median, suggesting an expected daily move of $0.40. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Pfizer (PFE) will report earnings before the open on 2026-05-05.Option markets are pricing in a 50% probability of a move greater than -5.03% or $-1.33.