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Unusual Option Volume

NVO Novo Nordisk A/S38.88+0.90 (+2.4%)

Novo Nordisk A/S trades 66,117 contracts. NVO will report earnings on May 6, 2026.
$NVO is facing a lot of positive pressure with an imbalance of 188 K. Learn more about net option delta
I noticed a lot of bearish pressure coming from the options market on $NVO. Check out this order imbalance! -135 K option volume delta. What is option volume delta?

NVO 35.54+0.78 (+2.2%)Novo Nordisk A/S

  • 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.
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