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Barchart
Barchart
Mark R. Hake, CFA

Heavy, Unusual Put Option Volume Today in Novo Nordisk - Is NVO Overvalued?

NVO Novo Nordisk Barchart AnaChart

A Barchart report today shows unusually heavy volume in out-of-the-money (OTM) put options in Novo Nordisk (NVO), which makes Ozempic and Wegovy (for weight loss and Type 2 diabetes). NVO stock has been moving up, so is it overvalued now?

NVO is at $49.23 in midday trading on July 1, up over 2.6%. In the past 4 weeks, NVO has risen 20% from its low point on June 8 ($41.02).

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