Deep-pocketed investors have adopted a bearish approach towards Novavax (NASDAQ:NVAX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NVAX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Novavax. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 2 are puts, totaling $53,400, and 8 are calls, amounting to $584,510.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.5 to $20.0 for Novavax over the last 3 months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Novavax's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Novavax's substantial trades, within a strike price spectrum from $5.5 to $20.0 over the preceding 30 days.

Novavax Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Novavax

After a thorough review of the options trading surrounding Novavax, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Novavax Standing Right Now?

• With a trading volume of 11,883,060, the price of NVAX is down by -1.46%, reaching $15.47.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 75 days from now.

Professional Analyst Ratings for Novavax

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.5.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Novavax options trades with real-time alerts from Benzinga Pro.