Bearish flow noted in Novo Nordisk with 15,833 puts trading, or 2x expected. Most active are 10/4 weekly 115 puts and 10/4 weekly 117 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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