Mixed options sentiment in Novo Nordisk (NVO), with shares up 58c, or 1.26%, near $46.98. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.5. Implied volatility (IV30) dropped 0.52 near 37.82,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.12. Put-call skew steepened, indicating increased demand for downside protection.
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