Mixed options sentiment in Novo Nordisk (NVO), with shares down 72c near $50.19. Options volume relatively light with 36k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 1.1 points near 39.6,and below the 52wk median, suggesting an expected daily move of $1.25. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Neutral at BNP Paribas Exane.
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