Financial giants have made a conspicuous bearish move on Pfizer. Our analysis of options history for Pfizer (NYSE:PFE) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $184,039, and 4 were calls, valued at $142,082.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $22.5 and $35.0 for Pfizer, spanning the last three months.
Insights into 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 $22.5 to $35.0 in the last 30 days.
Pfizer Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| 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 | $2.09 | $2.08 | $2.09 | $28.00 | $61.6K | 7.1K | 12 |
| PFE | PUT | SWEEP | BEARISH | 01/16/26 | $9.55 | $8.2 | $8.2 | $35.00 | $49.1K | 9.6K | 32 |
| PFE | PUT | SWEEP | BEARISH | 01/17/25 | $7.65 | $7.65 | $7.65 | $35.00 | $45.9K | 32.9K | 0 |
| PFE | CALL | SWEEP | BULLISH | 07/05/24 | $0.15 | $0.12 | $0.15 | $28.00 | $45.0K | 5.4K | 1.1K |
| PFE | CALL | TRADE | BULLISH | 01/17/25 | $4.1 | $3.4 | $3.83 | $25.00 | $38.3K | 36.9K | 0 |
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.
Following our analysis of the options activities associated with Pfizer, we pivot to a closer look at the company's own performance.
Where Is Pfizer Standing Right Now?
- With a trading volume of 12,361,622, the price of PFE is down by -0.18%, reaching $27.78.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 27 days from now.
Expert Opinions on Pfizer
4 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $45.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $45.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $45.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $45.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Pfizer with Benzinga Pro for real-time alerts.