This Is What Whales Are Betting On Novavax
Someone with a lot of money to spend has taken a bearish stance on Novavax (NASDAQ: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.
Why Novavax Shares Are Falling
Novavax, Inc. (NASDAQ: NVAX) shares are trading lower amid continued volatility in vaccine names over omicron variant uncertainty as investors wait to assess the severity of the variant and effectiveness of existing vaccines against the new variant.
Norway Detected First Two Cases of Omicron Covid Variant
-Bergens Tidende via Reuters
https://www.bt.no/nyheter/direkte/i/3Jd0RL/siste-nytt-om-korona
China Xinhua News Says No Omicron Cases Reported on Chinese Mainland So Far
http://www.news.cn/english/2021-11/30/c_1310343106.htm
Moderna CEO Said in Financial Times Interview Vaccines are Likely Less Effective against Omicron; Said Mutations Mean Existing Vaccines Likely Need Modifying
https://www.ft.com/content/27def1b9-b9c8-47a5-8e06-72e432e0838f