Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
PFE options intelligence
Pfizer Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 31 Jul 2026
Checked 1 Aug 2026 19:18 · complete available chain
Call-side pressure
Bullish pressure
PFE currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 3.5%, with volume/open-interest participation at 0.03.
Expected move
3.5%
Near-term move context
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.52
Call-side skew
Trend fit
32
Options are not fully confirming trend
Weekly backdrop
+1.9%
RS -8.2
Expected move
3.5%
Put-call volume
0.52
Volume / OI
0.03
Reference IV
0.33
Max pain
25.00
Underlying
25.01
Nearest expiry
7 Aug 2026
Contracts
788
Research Brief
PFE has a bullish chain read with 35/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.12–25.90; The largest call open-interest concentration is 26.00; the largest put concentration is 23.00. The most active strike by current volume is 25.00.
Priced range24.12–25.90
Call concentration26.00
Put concentration23.00
Max pain reference25.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 24.12 to 25.90. Max pain at 25.00 sits inside that range, 0.0% below spot.
Spot
Max pain
24.1225.01 ± 0.8925.90
Confirmation level
A close beyond 25.90 or below 24.12 at the 7 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 35/100
Pressure is 34/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure34 × 42%
+14.1
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement32 × 26%
+8.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility37 × 10%
+3.7
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 26.00; the largest put concentration is 23.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
70
17.00-32.0%
2
372
21.00-16.0%
12
946
22.00-12.0%
44
72
22.50-10.0%
12
9068
23.00-8.0%
309
2515
23.50-6.0%
172
4220
24.00-4.0%
1020
3128
24.50-2.0%
1078
4213
25.000.0%
11436
227
25.502.0%
5327
539
26.004.0%
13964
227
26.506.0%
2431
55
27.008.0%
6927
2
27.5010.0%
336
0
28.0012.0%
849
0
28.5014.0%
162
4
29.0016.0%
335
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.33
7 Aug
7d
0.28
14 Aug
14d
0.25
21 Aug
21d
0.24
28 Aug
28d
0.24
4 Sep
35d
0.24
11 Sep
42d
0.23
18 Sep
49d
0.24
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 788 / 788
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.4M of estimated gross traded notional, calls · 0-7 days · atm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+34
1W price+1.9%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
32/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 0-7 days · ATM
calls cluster with 15700 contracts traded, $608112 estimated gross traded notional, and 14% of visible notional.
$608112
Calls · 91+ days · OTM
calls cluster with 6618 contracts traded, $596104 estimated gross traded notional, and 13% of visible notional.
$596104
Puts · 91+ days · OTM
puts cluster with 5015 contracts traded, $427241 estimated gross traded notional, and 10% of visible notional.
$427241
Calls · 46-90 days · ATM
calls cluster with 3471 contracts traded, $340604 estimated gross traded notional, and 8% of visible notional.
$340604
Calls · 91+ days · ITM
calls cluster with 718 contracts traded, $287810 estimated gross traded notional, and 7% of visible notional.
$287810
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close25.01
1W+1.9%
RS-8.2
Fair value+1.5%
Options pressure34
Speculation41
Volatility37
Trend fit32
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:00
Mixed
Pressure 14
Move 3.6%
30 Jul 10:33
Bullish
Pressure 23
Move 3.0%
31 Jul 00:22
Mixed
Pressure 14
Move 1.9%
31 Jul 12:37
Bullish
Pressure 22
Move 1.9%
31 Jul 14:44
Mixed
Pressure 12
Move 1.6%
31 Jul 18:12
Bullish
Pressure 24
Move 2.5%
1 Aug 18:18
Bullish
Pressure 34
Move 3.5%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 3 · OI 1
Puts · V 0 · OI 2
Strike16.00
Calls · V 2 · OI 3
Puts · V 0 · OI 1
Strike17.00
Calls · V 0 · OI 2
Puts · V 0 · OI 70
Strike18.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike19.00
Calls · V 2 · OI 4
Puts · V 0 · OI 0
Strike20.00
Calls · V 5 · OI 4
Puts · V 0 · OI 15
Strike21.00
Calls · V 12 · OI 12
Puts · V 0 · OI 372
Strike21.50
Calls · V 0 · OI 9
Puts · V 0 · OI 5
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts60
Avg IV0.33
Put-call0.34
Expiry14 Aug 2026
Contracts64
Avg IV0.28
Put-call0.90
Expiry21 Aug 2026
Contracts72
Avg IV0.25
Put-call0.48
Expiry28 Aug 2026
Contracts62
Avg IV0.24
Put-call1.54
Expiry4 Sep 2026
Contracts64
Avg IV0.24
Put-call2.70
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.34
Put IV0.31
Skew-0.03
14 Aug 2026Balanced skew
Call IV0.28
Put IV0.28
Skew-
21 Aug 2026Balanced skew
Call IV0.26
Put IV0.26
Skew-
28 Aug 2026Balanced skew
Call IV0.25
Put IV0.25
Skew-
4 Sep 2026Balanced skew
Call IV0.24
Put IV0.23
Skew-0.01
Contract Tape
Most active contracts
ContractPFE260807C00025000
SideCall
Expiry7 Aug 2026
Strike25.00
Volume8632
OI11436
IV0.34
ContractPFE260807C00025500
SideCall
Expiry7 Aug 2026
Strike25.50
Volume6947
OI5327
IV0.34
ContractPFE260807C00026000
SideCall
Expiry7 Aug 2026
Strike26.00
Volume6590
OI13964
IV0.34
ContractPFE260807P00025000
SidePut
Expiry7 Aug 2026
Strike25.00
Volume4319
OI4213
IV0.31
ContractPFE260821C00026000
SideCall
Expiry21 Aug 2026
Strike26.00
Volume4190
OI70374
IV0.26
ContractPFE260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume3041
OI54450
IV0.23
ContractPFE260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume2917
OI30035
IV0.24
ContractPFE270319C00027000
SideCall
Expiry19 Mar 2027
Strike27.00
Volume2616
OI6297
IV0.21
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.