Bullish option flow detected in Novavax with 9,389 calls trading, 3x expected, and implied vol increasing over 3 points to 132.15%. Apr-23 8 calls and 4/6 weekly 8 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.18. Earnings are expected on May 8th.
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Published first on TheFly
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