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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 22,983 calls trading, 5x expected, and implied vol increasing over 2 points to 84.81%. 12/8 weekly 13 calls and 12/1 weekly 6 calls are the most active options, with total volume in those strikes near 17,100 contracts. The Put/Call Ratio is 0.01. Earnings are expected on February 27th.

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