Whales with a lot of money to spend have taken a noticeably bullish stance on Novo Nordisk ( NVO ).

Looking at options history for Novo Nordisk ( NVO ) we detected 21 trades.

If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $201,386 and 16, calls, for a total amount of $1,105,756.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $52.5 to $120.0 for Novo Nordisk ( NVO ) over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Novo Nordisk ( NVO ) stands at 1078.84, with a total volume reaching 5,467.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Novo Nordisk ( NVO ), situated within the strike price corridor from $52.5 to $120.0, throughout the last 30 days.

Novo Nordisk Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Novo Nordisk

With roughly one third of the global branded diabetes treatment market, Novo Nordisk ( NVO ) is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting roughly 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.

Novo Nordisk's Current Market Status

With a trading volume of 13,377,152, the price of NVO is down by -5.35%, reaching $78.63.

Current RSI values indicate that the stock is may be approaching oversold.

Next earnings report is scheduled for 19 days from now.

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