Pfizer Inc (PFE) $17.79 +0.74%

| October 16, 2009 | 3 Comments More

Pfizer (PFE) is up 13 cents to $17.79 and options volume is running 2X the average daily, with 74K calls and 46K puts traded on the session. Oct and Nov 17 puts are the most actives and included some spread buyers, paying 32 cents, 5000X in morning action, and probably rolling bullish positions from one month to the next. Another player paid 32 cents, 5000X, for Nov 17 puts, in a position tied (delta neutral) to shares at $17.83. Overall, the sentiment seems mildly bullish towards the pharmaceutical maker after JP Morgan upgraded PFE to Overweight and a $21 price target. Implied volatility (average) is steady today around 30 and ahead of earnings Tuesday, before market.

Category: All Stocks, Large Cap Stocks, Pharmaceuticals & Biotechnology

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Comments (3)

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  1. fredruffy says:
    October 16, 2009 at 3:33 pm

    For more updates like this, real-time, throughout the trading day, please take a 14-day trial of our premium service.

    http://whatstrading.com/14-day-trial/

  2. rainman says:
    October 17, 2009 at 9:50 pm

    Sold my $rnd calls Fred (WYE/PFE, others).
    I saw your IVN comments, but I’m debating how we both missed KR call volume a coupla weeks ago….hmmmm
    Unfortunately IVN did nothing, so left early.

    Too late now I guess, but wow……
    http://whatstrading.com/index.php?s=kr

  3. fredruffy says:
    October 19, 2009 at 9:44 am

    What is going on with Kroger!

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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