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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax (NVAX) with 8,326 calls trading, 1.3x expected, and implied vol increasing almost 6 points to 72.76%. Apr-26 6 calls and Apr-26 8 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.12. Earnings are expected on February 26th.

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