Bearish flow noted in Novo Nordisk with 15,833 puts trading, or 2x expected. Most active are 10/4 weekly 115 puts and 10/4 weekly 117 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Eli Lilly (NYSE:LLY) Eyes Broader Market for Weight-Loss Drugs
- Johnson & Johnson (NYSE:JNJ) to Spend $2 Billion on New Manufacturing Plant
- Novo Nordisk Launches Major Share Buyback
- Unusually active option classes on open September 27th
- Novo Nordisk’s (NYSE:NVO) CEO Grilled by Senate Committee on Drug Prices
Questions or Comments about the article? Write to editor@tipranks.com