Novo Nordisk Stock Eyes Worst Day Ever on Outlook Cut

Call traders were flocking to the equity ahead of earnigns. Novo Nordisk stock's 50-day call/put volume ratio of 2.87 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all other readings from the past year. Both call and put traders are targeting NVO straight out of the gate this morning, with options volume already at double the amount typically seen in an entire day. The September 45 put is the most popular, with new positions being ...