Moderately bullish activity in Novo Nordisk with shares up 0.6%

Moderately bullish activity in Novo Nordisk (NVO), with shares up 26c, or 0.6%, near $44.55. Options volume nearly triple the daily average with 142k contracts traded and calls leading puts for a put/call ratio of 0.93, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 0.2 points near 38.2,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.07. Put-call skew steepened, indicating increased demand for downside protection.