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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax (NVAX) with 33,054 calls trading, 2x expected, and implied vol increasing over 1 point to 67.01%. Aug-25 9.5 calls and Aug-25 6 calls are the most active options, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 0.23. Earnings are expected on November 10th.

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