Moderately bullish activity in Pfizer (PFE), with shares up 4c, or 0.14%, near $25.23. Options volume relatively light with 116k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.5. Implied volatility (IV30) dropped 1.43 near 18.96,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.30. Put-call skew flattened, suggesting a modestly bullish tone.
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