NVO: collect $120 (1.2%) from these 2 short put with strike at $50.
Contract expires in 3 weeks on 5th Sept.
NVO is moving higher from its low after a poor earning outlook but had since recovered slightly.
Its recent success on getting Wegovy approved in US for more use cases probably boosted the stock.
Still far below with bearish price trend, and each rise is met with high volume sell down.
I think stock still need some time to change hand between old and new holders before finding its balance and hopefully move higher.
Buying on good valuation and some hope.
The huge gap down remain significant challenge to break above before meaningful accumulation occurs.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.60 2Lot(s) | -- Closed |
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- windy00·2025-08-19A thoughtful approach1Report