Bearish flow noted in Novo Nordisk (NVO) with 7,917 puts trading, or 1.2x expected. Most active are 3/14 weekly 76 puts and Sep-25 110 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Novo Nordisk upgraded to Buy from Hold at Kepler Cheuvreux
- Giftify reports 916% w/w increase in pharmacy retailer gift cards sold
- Positive Outlook for Novo Nordisk: Strong Data, Expertise, and Next-Gen Developments Drive Buy Rating
- Roche hires Novo Nordisk executive amid obesity drug push, Bloomberg reports
- Novo Nordisk (NVO) Sinks after Weight-Loss Drug Trial Misses Expectations