Mixed options sentiment in Novo Nordisk (NVO), with shares up 62c, or 1.15%, near $54.92. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.54. Implied volatility (IV30) dropped 0.75 near 39.47,and below the 52wk median, suggesting an expected daily move of $1.37. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at Bernstein.
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