Mixed options sentiment in Novo Nordisk (NVO), with shares up 18c, or 0.39%, near $48.17. Options volume relatively light with 33k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.55. Implied volatility (IV30) dropped 1.02 near 35.72,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.08. Put-call skew steepened, indicating increased demand for downside protection.
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