ATM straddle for 02-Apr-26 expiration returned a negative -36.1% from the previous business day
The upside wing (25 delta calls) declined -6.0%
Downside put (25 delta puts) lost -52.9%
The option volume for 02-Apr-26 expiration is 8,387
Something to keep an eye on: Mostly large institutional traders are showing a short build up in $NVO. Net option volume delta is -288 K!
Sentiment Alert: NVO Increasing bearish pressure with an imbalance in net option delta of -75 K.
I noticed a lot of bullish pressure coming from the options market on $NVO. Check out this order imbalance! 1.5 M option volume delta. What is option volume delta?
$NVO Novo Nordisk A/S Option Order Flow Sentiment is 100.0% Bullish.
Sentiment Alert: NVO Increasing bearish pressure with an imbalance in net option delta of -61 K.
