Mixed options sentiment in Pfizer (PFE), with shares up 52c, or 2.09%, near $25.68. Options volume relatively light with 73k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.31 near 23.28,and below the 52wk median, suggesting an expected daily move of $0.38. Put-call skew steepened, indicating increased demand for downside protection.
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