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Moderately bullish activity in Pfizer with shares down 0.7%

Moderately bullish activity in Pfizer (PFE), with shares down 18c near $24.68. Options volume relatively light with 129k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 0.7 points near 26.97,in the top quartile of the past year, suggesting an expected daily move of $0.42. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Pfizer (PFE) will report earnings before the open on 2025-11-04.Option markets are pricing in a 50% probability of a move greater than 3.4% or $0.84.

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