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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 10,737 calls trading, 2.0x expected, and implied vol increasing over 1 point to 90.00%. 8/25 weekly 8 calls and Aug-23 8 calls are the most active options, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 0.09. Earnings are expected on November 8th.

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