What Are Whales Doing With Novavax

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.

Today, Benzinga's options scanner spotted 13 options trades for Novavax.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,000, and 12, calls, for a total amount of $457,732..

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 $60.0 for Novavax over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $45.0 to $60.0 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 CALL SWEEP BEARISH 06/10/22 $51.00 $56.1K 30 50
NVAX CALL SWEEP BEARISH 06/10/22 $51.00 $44.1K 30 42
NVAX CALL SWEEP BULLISH 06/24/22 $45.00 $39.6K 6 26
NVAX CALL SWEEP BULLISH 06/24/22 $45.00 $39.0K 6 112
NVAX CALL SWEEP BULLISH 06/24/22 $45.00 $38.1K 6 161

Where Is Novavax Standing Right Now?

  • With a volume of 2,626,868, the price of NVAX is down -7.74% at $53.91.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 76 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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets