Bearish flow noted in Novo Nordisk with 6,622 puts trading, or 1.8x expected. Most active are Dec-23 92.5 puts and Dec-23 91 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
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