Mixed options sentiment in Novo Nordisk (NVO), with shares down 80c near $54.94. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.24 near 60.09, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.08. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Novo Nordisk (NVO) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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