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Novo Nordisk call volume above normal and directionally bullish

Bullish option flow detected in Novo Nordisk (NVO) with 11,730 calls trading, 1.4x expected, and implied vol increasing over 3 points to 50.93%. Jan-25 115 calls and Jan-25 105 puts are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.55. Earnings are expected on February 5th.

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