Mixed options sentiment in Novo Nordisk (NVO), with shares down 81c near $48.35. Options volume running well above average with 114k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.65. Implied volatility (IV30) dropped 0.9 near 58.05,in the top quartile of the past year, suggesting an expected daily move of $1.77. Put-call skew steepened, indicating increased demand for downside protection.
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:
- Novo Nordisk price target lowered to DKK 400 from DKK 425 at Berenberg
- Novo Nordisk (NVO) Gets New Chair — Can It Catch Up with Rival Eli Lilly in Obesity Market?
- Novo Nordisk Announces New Board Leadership Following Extraordinary Meeting
- Scholar Rock sees third-party facility ready for reinspection by end of year
- Novo Nordisk Announces Board Candidate Withdrawal Ahead of Meeting