Mixed options sentiment in Novo Nordisk (NVO), with shares down $1.35 near $38.42. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.71. Implied volatility (IV30) dropped 0.79 near 44.65,and below the 52wk median, suggesting an expected daily move of $1.08. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at TD Cowen.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- FDA posts warning letter sent to Novo over semaglutide marketing
- Novo Nordisk confirms FDA warning letter related to NJ inspection
- Novo Nordisk down 3% after TD downgrade, FDA warning letter
- Qualcomm downgraded, Rivian upgraded: Wall Street’s top analyst calls
- Novo Nordisk’s Hims deal helps with commercial headwind, says BMO Capital