Novavax call volume above normal and directionally bullish
The Fly

Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 16,279 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 106.49%. 5/31 weekly 15 calls and 5/31 weekly 14 puts are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.47. Earnings are expected on August 6th.

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