Mixed options sentiment in Novo Nordisk (NVO), with shares down 94c near $50.13. Options volume roughly in line with average with 73k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.8. Implied volatility (IV30) dropped 0.99 near 39.19,and below the 52wk median, suggesting an expected daily move of $1.24. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at UBS.
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