Help me understand why this option is so low


Pfizer Put option at $42 strike for 2/3

Right now the put has rallied 25% up to .35 cents but it still seems like such a low value since Pfizer has been on a declining slope. I’m wondering why this option isn’t currently trading at a higher price? Is there a value that it most likely go over?

Thanks and sorry for the noob question


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