Moderately bullish activity in Novo Nordisk (NVO), with shares up 2c, or 0.03%, near $48.10. Options volume roughly in line with average with 106k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 1.1 points near 37.91,in the bottom quartile of the past year, suggesting an expected daily move of $1.15. Put-call skew steepened, indicating increased demand for downside protection.
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