Novo Nordisk Unusual Options Activity For October 30

Novo Nordisk A/S Sponsored ADR Class B +2.97%

Novo Nordisk A/S Sponsored ADR Class B




Someone with a lot of money to spend has taken a bullish stance on Novo Nordisk (NYSE:NVO).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NVO, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Novo Nordisk.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $415,943, and 6 are calls, for a total amount of $461,823.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $120.0 for Novo Nordisk over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Novo Nordisk's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Novo Nordisk's whale activity within a strike price range from $45.0 to $120.0 in the last 30 days.

Novo Nordisk Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVO CALL SWEEP BEARISH 01/17/25 $87.50 $210.5K 655 98
NVO PUT SWEEP BEARISH 11/03/23 $92.00 $148.7K 409 71
NVO PUT SWEEP BULLISH 12/15/23 $85.00 $107.6K 1.1K 518
NVO CALL TRADE BULLISH 06/21/24 $100.00 $104.0K 274 8
NVO PUT SWEEP BULLISH 12/15/23 $80.00 $49.7K 1.8K 902

Where Is Novo Nordisk Standing Right Now?

  • With a volume of 3,527,690, the price of NVO is up 3.41% at $96.69.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 3 days.

What The Experts Say On Novo Nordisk:

  • Argus Research downgraded its action to Buy with a price target of $110

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Novo Nordisk, Benzinga Pro gives you real-time options trades alerts.

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