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Novavax call volume above normal and directionally bullish
The Fly

Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 4,024 calls trading, 1.0x expected, and implied vol increasing almost 10 points to 135.60%. 3/3 weekly 9.5 calls and 3/24 weekly 8 puts are the most active options, with total volume in those strikes near 980 contracts. The Put/Call Ratio is 0.56. Earnings are expected on February 28th.

Published first on TheFly

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