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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 6,005 calls trading, 1.5x expected, and implied vol increasing over 1 point to 84.68%. 12/1 weekly 6 calls and 12/1 weekly 5.5 puts are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.53. Earnings are expected on February 27th.

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