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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 30,459 calls trading, 1.4x expected, and implied vol increasing almost 33 points to 138.26%. 10/6 weekly 8 calls and Oct-23 8 calls are the most active options, with total volume in those strikes near 14,000 contracts. The Put/Call Ratio is 0.16. Earnings are expected on November 8th.

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