Mixed options sentiment in Novo Nordisk (NVO), with shares down 6c near $52.90. Options volume roughly in line with average with 80k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.9 points near 59.49, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.98. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Novo Nordisk (NVO) will report earnings before the open on 2025-11-05.Option markets are pricing in a 50% probability of a move greater than 8.87% or $4.69.
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