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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax (NVAX) with 20,909 calls trading, 5x expected, and implied vol increasing almost 9 points to 75.20%. Nov-25 7 calls and 12/5 weekly 8 calls are the most active options, with total volume in those strikes near 14,700 contracts. The Put/Call Ratio is 0.07. Earnings are expected on February 26th.

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