Novavax (NVAX) has seen a spike, and is now up 51 cents to $4.77 (52-week high) on heavy volume. Options activity is heating up as well. Total volume is running 2X the average daily, with 5,300 calls and only 90 puts traded (chart). Aug and Sep 7.5s are the most actives, as some players buy premium in anticipation of additional upside.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.