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.
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