Wednesday’s total option volume of 36.8 million contracts resulted in net open interest growth of 4.97 million calls and 3.27 million puts. Novo Nordisk (NVO), Tesla (TSLA), Intel (INTC) and NIO (NIO) saw the greatest growth. Top five new positions opened include 27k Kenvue Inc (KVUE) Nov-23 21 calls, 26k SoFi Technologies (SOFI) Oct-23 7.5 puts, 25k Bank of America (BAC) Jan-24 32 calls, 22k Advanced Micro Devices (AMD) Oct-23 85 calls and 21k Amazon (AMZN) 9/22 weekly 141 calls.
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Read More on NVO:
- Novo Nordisk price target lowered to DKK 725 from DKK 1,450 at Barclays
- Novo Nordisk conducts two-for-one stock split
- Novo Nordisk call volume above normal and directionally bullish
- Novo Nordisk reaches pact with New York AG over insulin prices
- Novo Nordisk price target raised to DKK 1,500 from DKK 1,200 at JPMorgan