A whale with a lot of money to spend has taken a noticeably bearish stance on Pfizer.
Looking at options history for Pfizer (NYSE:PFE) we detected 20 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $732,978 and 5, calls, for a total amount of $214,896.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $42.5 for Pfizer over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $20.0 to $42.5 in the last 30 days.
Pfizer Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PFE | PUT | SWEEP | BULLISH | 06/16/23 | $42.50 | $117.0K | 6.5K | 12 |
| PFE | PUT | SWEEP | NEUTRAL | 06/21/24 | $37.50 | $92.7K | 7.4K | 964 |
| PFE | PUT | SWEEP | BEARISH | 12/15/23 | $40.00 | $83.3K | 2.8K | 847 |
| PFE | PUT | SWEEP | BULLISH | 01/17/25 | $35.00 | $76.7K | 17.6K | 240 |
| PFE | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $68.0K | 214 | 91 |
Where Is Pfizer Standing Right Now?
- With a volume of 10,115,373, the price of PFE is down -0.7% at $36.75.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 71 days.
What The Experts Say On Pfizer:
- Credit Suisse has decided to maintain their Outperform rating on Pfizer, which currently sits at a price target of $47.
- Daiwa Capital downgraded its action to Neutral with a price target of $38
- Barclays has decided to maintain their Equal-Weight rating on Pfizer, which currently sits at a price target of $40.
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $75
- B of A Securities has decided to maintain their Neutral rating on Pfizer, which currently sits at 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.
If you want to stay updated on the latest options trades for Pfizer, Benzinga Pro gives you real-time options trades alerts.
