Mixed options sentiment in Novo Nordisk (NVO), with shares up 4c, or 0.1%, near $45.80. Options volume relatively light with 69k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.59. Implied volatility (IV30) dropped 2.3 near 38.33,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.11. Put-call skew steepened, indicating increased demand for downside protection.
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