Bullish flow in Novo Nordisk (NVO), with shares up 80c, or 1.45%, near $56.15. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.9 points near 40.33,and below the 52wk median, suggesting an expected daily move of $1.43. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Hold at DBS Bank.
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