Mixed options sentiment in Novo Nordisk (NVO), with shares up $1.54, or 2.79%, near $56.99. Options volume roughly in line with average with 117k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.66. Implied volatility (IV30) dropped 3.18 near 39.08,in the bottom quartile of the past year, suggesting an expected daily move of $1.40. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Hold at DBS Bank.
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