Press "Enter" to skip to content

Looking At Novavax's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Novavax NVAX.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with NVAX, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 12 uncommon options trades for Novavax.

This isn’t normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $250,510, and 6 are calls, for a total amount of $254,137.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $75.0 for Novavax over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Novavax’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Novavax’s whale activity within a strike price range from $45.0 to $75.0 in the last 30 days.

Novavax Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVAX PUT SWEEP BULLISH 08/19/22 $50.00 $94.3K 1.3K 421
NVAX CALL TRADE BEARISH 10/21/22 $70.00 $68.4K 679 217
NVAX CALL TRADE BULLISH 10/21/22 $75.00 $53.5K 1.2K 92
NVAX CALL SWEEP BULLISH 08/12/22 $65.00 $37.6K 148 278
NVAX PUT TRADE BEARISH 01/20/23 $45.00 $35.7K 1.0K 847
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVAX PUT SWEEP BULLISH 08/19/22 $50.00 $94.3K 1.3K 421
NVAX CALL TRADE BEARISH 10/21/22 $70.00 $68.4K 679 217
NVAX CALL TRADE BULLISH 10/21/22 $75.00 $53.5K 1.2K 92
NVAX CALL SWEEP BULLISH 08/12/22 $65.00 $37.6K 148 278
NVAX PUT TRADE BEARISH 01/20/23 $45.00 $35.7K 1.0K 847

Where Is Novavax Standing Right Now?

  • With a volume of 3,252,901, the price of NVAX is up 7.29% at $57.85.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 6 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Novavax, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published.