Our Hot Money scanner spotted a bearish alert in Pfizer Inc. (PFE).

I'm seeing options volume is 200% higher than the average for this time frame with buyers in the March 4th expiration.

Shares have been weak and big money is betting shares could continue lower.

Here's what I'm doing…

Buy-to-open the PFE Mar. 14, 2022, $49/45 put spread.

That means I'm selling the 44 put and buying 49 put.

At last glance, this is trading around $0.67 per spread.

As always, I'm averaging into this position and managing risk before entry.

I’ll keep you updated every step of the way.