Bullish option flow detected in Novavax with 10,709 calls trading, 1.7x expected, and implied vol increasing almost 26 points to 139.14%. Jan-24 5 calls and Jan-25 10 puts are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.66. Earnings are expected on May 8th.
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Published first on TheFly
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