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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 14,393 calls trading, 1.5x expected, and implied vol increasing almost 4 points to 80.78%. 8/30 weekly 13.5 puts and 8/30 weekly 12 calls are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.44. Earnings are expected on November 7th.

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