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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 11,840 calls trading, 1.0x expected, and implied vol increasing almost 2 points to 115.02%. Sep-24 12.5 calls and Aug-24 20 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.21. Earnings are expected on August 6th.

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