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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 14,674 calls trading, 1.1x expected, and implied vol increasing over 1 point to 93.47%. 9/27 weekly 13.5 calls and 9/27 weekly 14 calls are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.13. Earnings are expected on November 7th.

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