Bullish option flow detected in Novavax with 11,833 calls trading, 2x expected, and implied vol increasing over 2 points to 127.95%. 3/3 weekly 7 calls and 3/3 weekly 8 calls are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.62. Earnings are expected on May 8th.
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Published first on TheFly
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