Mixed options sentiment in Pfizer (PFE), with shares up 22c, or 0.88%, near $24.77. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.53. Implied volatility (IV30) dropped 0.08 near 21.48,in the bottom quartile of the past year, suggesting an expected daily move of $0.34. Put-call skew steepened, indicating increased demand for downside protection.
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