Moderately bullish activity in Pfizer with shares up 1.29%

Moderately bullish activity in Pfizer (PFE), with shares up 34c, or 1.29%, near $27.02. Options volume running well above average with 164k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.9 points near 25.94,and above the 52wk median, suggesting an expected daily move of $0.44. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Pfizer (PFE) will report earnings before the open on 2026-05-05.Option markets are pricing in a 50% probability of a move greater than 3.11% or $0.84.