Given the way analysts feel about Novavax right now, this huge implied volatility could mean there’s a trade developing. The net effect has taken our Zacks Consensus Estimate for the current quarter from $6.38 per share to $4.88 in that period. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. What do the Analysts Think?Ĭlearly, options traders are pricing in a big move for Novavax shares, but what is the fundamental picture for the company? Currently, Novavax is a Zacks Rank #3 (Hold) in the Medical - Biomedical and Genetics industry that ranks in the Top 28% of our Zacks Industry Rank.

However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Implied volatility shows how much movement the market is expecting in the future. That is because the $22.50 Call had some of the highest implied volatility of all equity options today.

( NVAX Quick Quote NVAX - Free Report) need to pay close attention to the stock based on moves in the options market lately.

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