Bullish option flow detected in Novartis with 7,664 calls trading, 5x expected, and implied vol increasing over 5 points to 22.66%. Jan-23 95 calls and Jan-23 92.5 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on February 1st.
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