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Novavax call volume above normal and directionally bullish

Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax (NVAX) with 23,789 calls trading, 3x expected, and implied vol increasing over 8 points to 114.25%. Feb-25 8.5 calls and Mar-25 7.5 puts are the most active options, with total volume in those strikes near 12,500 contracts. The Put/Call Ratio is 0.17. Earnings are expected on February 27th.

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