CSP on PFE

Given MRNA ER miss today, I'm looking back at PFE for a long-term hold given a 6.5% dividend.  PFE is near its 52-week low, and currently the Apr 17 25 PUTS have an IV of 22%.

Based on historical data analysis, PFE typically maintains an implied volatility in the mid to high 20s range, with:

• Average IV around 27-28%
• Recent range of roughly 25-30%

This is relatively moderate IV for a large pharmaceutical company, reflecting PFE's status as an established blue-chip stock while accounting for some sector-specific volatility from drug trial results and regulatory decisions.

Compared to other pharmaceutical companies, this is on the lower end, as smaller biotech companies often trade with IVs of 50%+ due to their more binary outcome nature (drug success/failure).

If you're considering selling puts on PFE, this IV level suggests moderate premium income - not as high as more volatile stocks but typically enough to generate meaningful premium while having lower risk of large adverse moves.

Based on the available information, there are several potential catalyst events that may impact Pfizer's (PFE) stock price over the next 60 days:

1. Announcement of New Chief Scientific Officer: Pfizer is nearing completion of its search for a new CSO, with an announcement expected soon. This leadership change could influence investor sentiment.

2. Earnings Announcement: Pfizer has an earnings announcement scheduled for April 29, 2025. This event typically impacts stock prices as investors react to the company's financial performance and future outlook.

3. Dividend Payment: Pfizer is expected to pay a dividend of $0.430 per share on March 7, 2025. While this is a regular event, it may still affect short-term trading patterns.

4. GLP-1 Program Updates: Any news regarding Pfizer's once-daily formulation of danuglipron (oral GLP-1) could impact the stock price, as investors are closely watching developments in this area3.

It's important to note that the stock's performance may also be influenced by broader market trends, industry developments, and unforeseen events not mentioned in the search results.