Moderately bullish activity in Pfizer (PFE), with shares down 0c near $25.00. Options volume relatively light with 84k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.1 points near 19.5,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.31. Put-call skew flattened, suggesting a modestly bullish tone.
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