Looking At Novo Nordisk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Novo Nordisk (NYSE:NVO), with a bearish stance being taken by a majority of investors. Of the 21 strange trades detected, 57% were bearish and 42% were bullish. The total amount for the 3 puts was $123,490 and for the 18 calls was $1,322,703. Whales have been targeting a price range from $150.0 to $210.0 for Novo Nordisk over the last 3 months.
August 10, 2023 | 8:48 pm
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Novo Nordisk has seen significant unusual options activity, with a majority of investors taking a bearish stance. The targeted price range is $150 to $210.
The bearish stance taken by a majority of investors in the unusual options activity indicates a potential downward pressure on the stock price in the short term. The targeted price range also suggests that investors are expecting the stock price to move within this range.
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