Bears Target Pfizer (PFE)

Shares of Pfizer Inc.

are lower on the session by 0.77%, currently trading at $14.12. The stock has been trading largely lower for the past nine months and is trading within a technical downtrend. Options traders do not see that trend abating any time soon. Puts are outnumbering call 2-to-1 today. The August $15.00 put traded 10,800 times on open interest of 3,321 contracts and the January $14/11 1x2 put spread was purchased 10,000 by 20,000 times as well. Volume exceeded open interest on all strikes. These traders are betting that the stock will slide more than 21% over the next few months. Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. Learn how to find the best

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