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.
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
Questions or Comments about the article? Write to editor@tipranks.com