Bullish option flow detected in Novavax with 18,104 calls trading, 1.7x expected, and implied vol increasing over 4 points to 127.53%. Apr-23 15 puts and Feb-23 11 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.55. Earnings are expected on February 27th.
Published first on TheFly
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