Bullish option flow detected in Novavax with 6,671 calls trading, 2.0x expected, and implied vol increasing over 33 points to 137.79%. 3/3 weekly 8.5 puts and 3/3 weekly 10 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.52. Earnings are expected on February 28th.
Published first on TheFly
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