Mixed options sentiment in Pfizer (PFE), with shares down 88c near $25.55. Options volume running well above average with 366k contracts traded and calls leading puts for a put/call ratio of 0.98, compared to a typical level near 0.45. Implied volatility (IV30) dropped 2.55 near 21.93,in the bottom quartile of the past year, suggesting an expected daily move of $0.35. Put-call skew steepened, indicating increased demand for downside protection.
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