Pfizer Inc. (PFE)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 06:41 UTC · Figures derived from the full chain (716 contracts, 15 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (31 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±6.5% (range 27.50–31.36) by Nov 20, 2026. ATM straddle: 1.93 @ strike 29.5 · ATM IV: 26.6%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 26.49 | -10% | 90.6% | 9.4% |
| 27.96 | -5% | 73.3% | 26.7% |
| 29.43 | +0% | 48.5% | 51.5% |
| 30.90 | +5% | 25.2% | 74.8% |
| 32.37 | +10% | 10.3% | 89.7% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 3 | ±2.1% | 24.5% | 41.7K |
| Oct 30, 2026 | 10 | ±3.2% | 23.2% | 33.6K |
| Nov 06, 2026 | 17 | ±5.6% | 27.8% | 19.9K |
| Nov 13, 2026 | 24 | ±5.9% | 26.2% | 10.7K |
| Nov 20, 2026 | 31 | ±6.5% | 26.6% | 243.7K |
| Nov 27, 2026 | 38 | ±6.1% | 22.8% | 1,720 |
| Dec 18, 2026 | 59 | ±8.0% | 24.7% | 407.8K |
| Jan 15, 2027 | 87 | ±9.4% | 24.0% | 614.2K |
| Mar 19, 2027 | 150 | ±12.8% | 25.2% | 141.6K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 25 P · 102.5K30 C · 75.1K29 C · 55.0K27 P · 52.5K28 C · 49.3K
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 66.1% of the time.
Past earnings reactions
Avg |reaction| 2.1% · median 1.6% (20 reports). Two-session close-to-close window; definition
About Pfizer Inc.
Pfizer Inc. is a global biopharmaceutical leader engaged in the research, development, production, marketing, and distribution of a wide array of medicinal and vaccine products worldwide. Its comprehensive portfolio addresses diverse therapeutic areas, including cardiovascular health and women's health, featuring key brands such as the Premarin family and Eliquis. The company also offers advanced biologics, small molecule drugs, immunotherapies, and biosimilars for various conditions, exemplified by Ibrance, Xtandi, and Retacrit. Furthermore, Pfizer provides sterile injectables, anti-infective agents, and a significant oral treatment for COVID-19, including Paxlovid. A substantial portion of its offerings comprises vaccines for infectious diseases such as pneumococcal and meningococcal disease, tick-borne encephalitis, and COVID-19, with notable products like Comirnaty and the Prevnar family. The firm also develops biosimilars for chronic autoimmune and inflammatory disorders, including Inflectra and Xeljanz, alongside specialized therapies for rare conditions like amyloidosis, hemophilia, and endocrine disorders, under brands such as Vyndaqel and BeneFIX. Beyond its proprietary pr
Healthcare · Drug Manufacturers - General · NYSE · Profile: Financial Modeling Prep
Related securities · Healthcare
MRNA · IV 113.3%UNH · IV 28.8%HIMS · IV 87.9%LLY · IV 40.9%BMY · IV 32.7%JNJ · IV 23.3%