Bullish flow in Novo Nordisk (NVO), with shares up $1.52, or 2.99%, near $52.48. Options volume roughly in line with average with 102k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 4.5 points near 44.28,and above the 52wk median, suggesting an expected daily move of $1.46. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at BNP Paribas Exane.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Here’s Why Wall Street Is Cautious on Hims & Hers Health Stock (HIMS)
- Hims & Hers Stock (HIMS) Tanks on Reports of Year-Long FTC Investigation
- Mixed options sentiment in Novo Nordisk with shares down 1.4%
- Novo Nordisk Faces Uncertainty Amid Revenue Guidance Adjustment and Leadership Transition
- Novo Nordisk Announces Executive Share Transactions