Mixed options sentiment in Novo Nordisk (NVO), with shares down 38c near $47.88. Options volume nearly triple the daily average with 180k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.7. Implied volatility (IV30) dropped 10.09 near 49.37,and above the 52wk median, suggesting an expected daily move of $1.49. Put-call skew steepened, indicating increased demand for downside protection.The company announced earnings before the open on 2025-11-05with option markets having priced in a move of approximately 10.62%.
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