Mixed options sentiment in Pfizer (PFE), with shares up 16c, or 0.63%, near $24.75. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.05 near 19.73,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.
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