Options Bulls Target Pfizer Stock After Vaccine Sales Forecast

Puts were popular before the earnings event

Deputy Editor
Nov 1, 2022 at 10:43 AM
facebook X logo linkedin

Pfizer Inc (NYSE:PFE) stock is up 2.6% to trade at $47.76 at last check, after the pharmaceutical giant's better-than-expected third-quarter results. Strong demand for its older drugs gave profits a boost, plus, the company lifted its annual sales forecast for its Covid-19 vaccine.

On the charts, PFE has climbed since its Oct. 11 one-year low of $41.44, though its 120-day moving average appears to be keeping today's gains in check. Year-to-date, the equity is down 19.1%. 

Puts were much more popular than usual leading up to the event. PFE's 10-day put/call volume ratio of 1.27 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 90% of readings from the past year. 

This morning, however, calls rule the roost, with 35,000 exchanged so far compared to just 17,000 puts. The weekly 11/4 50-strike call is the most popular, with new positions being opened there, and overall options volume is running at double what's typically seen. 

These traders are in luck, as PFE's Schaeffer's Volatility Scorecard (SVS) sits at a 98 out of 100. This means the stock has exceeded option traders' volatility expectations during the past year.



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI