Bearish flow noted in Novavax with 5,960 puts trading, or 1.3x expected. Most active are May-23 5 puts and Apr-23 5 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.00, while ATM IV is up over 14 points on the day. Earnings are expected on May 8th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NVAX: