Financial giants have made a conspicuous bearish move on Pfizer. Our analysis of options history for Pfizer (NYSE:PFE) revealed 21 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $296,355, and 18 were calls, valued at $1,032,173.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $35.0 for Pfizer over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Pfizer's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pfizer's whale activity within a strike price range from $25.0 to $35.0 in the last 30 days.
Pfizer Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PFE | PUT | SWEEP | BEARISH | 12/20/24 | $5.3 | $5.2 | $5.3 | $35.00 | $159.0K | 86 | 300 |
| PFE | CALL | SWEEP | BEARISH | 08/16/24 | $0.73 | $0.72 | $0.72 | $31.00 | $121.9K | 19.3K | 5.3K |
| PFE | CALL | SWEEP | NEUTRAL | 01/17/25 | $2.42 | $2.41 | $2.42 | $30.00 | $106.2K | 52.1K | 3.4K |
| PFE | CALL | SWEEP | BULLISH | 08/16/24 | $0.6 | $0.59 | $0.6 | $31.00 | $101.5K | 19.3K | 3.1K |
| PFE | CALL | SWEEP | BEARISH | 08/16/24 | $2.53 | $2.5 | $2.53 | $28.00 | $89.3K | 22.1K | 1.2K |
About Pfizer
Pfizer is one of the world's largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 product sales). While it historically sold many types of healthcare products and chemicals, now prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13, cancer drug Ibrance, and cardiovascular treatment Eliquis. Pfizer sells these products globally, with international sales representing close to 50% of total sales. Within international sales, emerging markets are a major contributor.
In light of the recent options history for Pfizer, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Pfizer Standing Right Now?
- Currently trading with a volume of 10,278,316, the PFE's price is up by 2.22%, now at $30.64.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 5 days.
What The Experts Say On Pfizer
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $41.25.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Pfizer with a target price of $30.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $45.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $45.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $45.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
