Mixed options sentiment in Novo Nordisk (NVO), with shares down 80c near $54.94. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.24 near 60.09, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.08. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Novo Nordisk (NVO) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Midday Fly By: GM, Coca-Cola report Q3 beats
- Novo Nordisk chairman, independent directors to step down, FT reports
- Novo Nordisk to Convene Extraordinary General Meeting for Board Election
- Novo Nordisk Announces Extraordinary General Meeting for Board Elections
- Novo Nordisk announces FDA approval of Rybelsus