Deep-pocketed investors have adopted a bullish approach towards Pfizer PFE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PFE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Pfizer. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 4 are puts, totaling $258,481, and 7 are calls, amounting to $442,644.
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 $20.0 to $37.5 for Pfizer over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Pfizer's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Pfizer's significant trades, within a strike price range of $20.0 to $37.5, over the past month.
Pfizer 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PFE | PUT | TRADE | NEUTRAL | 06/21/24 | $37.50 | $173.9K | 15.6K | 0 |
| PFE | CALL | SWEEP | BULLISH | 03/21/25 | $27.50 | $133.0K | 301 | 306 |
| PFE | CALL | TRADE | BULLISH | 01/16/26 | $25.00 | $126.0K | 1.2K | 203 |
| PFE | CALL | SWEEP | BULLISH | 05/17/24 | $27.00 | $55.2K | 2.4K | 150 |
| PFE | CALL | TRADE | BULLISH | 06/21/24 | $20.00 | $48.7K | 104 | 50 |
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.
Current Position of Pfizer
- With a volume of 8,303,070, the price of PFE is up 0.81% at $29.14.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 57 days.
Professional Analyst Ratings for Pfizer
In the last month, 1 experts released ratings on this stock with an average target price of $75.0.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $75.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Pfizer options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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