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Option traders moderately bearish in Pfizer with shares down 1.29%

Option traders moderately bearish in Pfizer (PFE), with shares down 30c near $23.30.Options volume roughly in line with average with 91k contracts traded and puts leading calls for a put/call ratio of 1.48, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 1.0 points near 27.58,in the top quartile of the past year, suggesting an expected daily move of $0.40. Put-call skew flattened, suggesting a modestly bullish tone.

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