Mixed options sentiment in Novo Nordisk (NVO), with shares up $1.05, or 1.79%, near $59.87. Options volume roughly in line with average with 89k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.49. Implied volatility (IV30) dropped 0.31 near 48.62,and above the 52wk median, suggesting an expected daily move of $1.83. Put-call skew steepened, indicating increased demand for downside protection.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Novo Nordisk (NVO) Rethinks Pricing as Compounded GLP-1 Drugs Gain Ground
- Largest borrow rate increases among liquid names
- Amazon (AMZN) Begins Selling Novo Nordisk’s Weight-Loss Pill
- Novo Nordisk Stock (NVO) Jumps as Amazon Begins Selling Obesity Pill
- Amazon Pharmacy now offers Wegovy pill with insurance and cash options
