Check Out What Whales Are Doing With NVAX

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 30 uncommon options trades for Novavax.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,314,469, and 11 are calls, for a total amount of $604,918.

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 $50.0 to $240.0 for Novavax over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Novavax options trades today is 706.91 with a total volume of 5,704.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Novavax's big money trades within a strike price range of $50.0 to $240.0 over the last 30 days.

Novavax Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVAX PUT TRADE BEARISH 01/20/23 $240.00 $280.7K 98 15
NVAX CALL SWEEP BEARISH 05/20/22 $60.00 $159.4K 438 618
NVAX PUT TRADE BULLISH 09/16/22 $200.00 $159.2K 29 11
NVAX PUT SWEEP BULLISH 09/16/22 $180.00 $124.9K 177 10
NVAX PUT SWEEP BEARISH 01/20/23 $85.00 $124.5K 336 30

Where Is Novavax Standing Right Now?

  • With a volume of 4,013,340, the price of NVAX is down -3.79% at $55.13.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Novavax:

  • B. Riley Securities has decided to maintain their Buy rating on Novavax, which currently sits at a price target of $203.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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