Bearish flow noted in Pfizer (PFE) with 26,626 puts trading, or 1.1x expected. Most active are Dec-24 24 puts and 12/13 weekly 26 calls, with total volume in those strikes near 24,700 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on January 28th.
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