Moderately bullish activity in Novo Nordisk (NVO), with shares up 16c, or 0.45%, near $36.98. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.79, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 0.5 points near 43.57,and below the 52wk median, suggesting an expected daily move of $1.02. Put-call skew steepened, indicating increased demand for downside protection.
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