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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