Mixed options sentiment in Novo Nordisk (NVO), with shares up 14c, or 0.35%, near $38.85. Options volume relatively light with 47k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.7. Implied volatility (IV30) dropped 0.94 near 43.64,and below the 52wk median, suggesting an expected daily move of $1.07. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at TD Cowen.
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