Mixed options sentiment in Novo Nordisk (NVO), with shares down 32c near $53.06. Options volume relatively light with 7066 contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 0.0 points near 60.61, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.03. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Novo Nordisk (NVO) will report earnings before the open on 2025-11-05.Option markets are pricing in a 50% probability of a move greater than 9.28% or $4.92.
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