Bullish option flow detected in Novavax with 29,949 calls trading, 3x expected, and implied vol increasing over 7 points to 100.78%. Jul-24 15 calls and Jul-24 14 calls are the most active options, with total volume in those strikes near 20,500 contracts. The Put/Call Ratio is 0.07. Earnings are expected on August 6th.
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- Novavax call volume above normal and directionally bullish