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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax (NVAX) with 15,477 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 77.78%. Jun-25 6.5 calls and 6/6 weekly 7 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.13. Earnings are expected on August 7th.

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