Bearish flow noted in Novo Nordisk with 3,180 puts trading, or 1.6x expected. Most active are 10/6 weekly 88 puts and 10/13 weekly 87 puts, with total volume in those strikes near 900 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 1 point on the day. Earnings are expected on November 2nd.
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