Pfizer (PFE) is seeing heavy trading ahead of earnings tomorrow, but is also seeing ex-div trades. 964K calls and 52K puts traded. Some noteworthy non-div related action today include a Feb 18 – 19 call spread bought at 72 cents, 2000X in morning action. Also, one investor bot 9140 Mar 17 calls at 42.20 and sold 10K Sep 19 calls at $1.44, possibly rolling a position from March or creating a reverse diagonal.
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.