November 30, 2023

This Is What Whales Are Betting On Novavax

Someone with a lot of money to spend has taken a bearish 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 20 uncommon options trades for Novavax.

This isn’t normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $1,165,125, and 7 are calls, for a total amount of $247,151.

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 $70.0 to $160.0 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 770.07 with a total volume of 3,434.00.

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 $70.0 to $160.0 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 NEUTRAL 01/20/23 $160.00 $436.8K 878 50
NVAX PUT TRADE BEARISH 04/14/22 $78.00 $156.0K 5 1.0K
NVAX PUT TRADE BEARISH 04/14/22 $78.00 $74.9K 5 250
NVAX PUT TRADE NEUTRAL 04/14/22 $78.00 $73.8K 5 150
NVAX PUT SWEEP BEARISH 05/20/22 $75.00 $72.4K 363 117

Where Is Novavax Standing Right Now?

  • With a volume of 3,742,440, the price of NVAX is up 7.96% at $84.81.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 48 days.

What The Experts Say On Novavax:

  • HC Wainwright & Co. has decided to maintain their Buy rating on Novavax, which currently sits at a price target of $207.

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.

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