Lawyer For John Laurinaitis Denies Sexual Assault Allegations, Claims Laurinaitis Is Also A Victim Of Vince McMahon

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Novavax has rallied sharply recently, but one trader is positioning for a possible pullback. optionMONSTERs tracking program detected the purchase of 2,500 October 4.50 puts for $1.15 at the same second yesterday. Volume surpassed the strikes open interest of 1,210 contracts, showing that this is a new position. Long puts lock in the price where a stock can be sold, so they make money if shares decline. Investors use them to hedge long positions or to speculate on a drop. (See our Education section) NVAX rose 0.82 percent to $6.14 yesterday and is up 30 percent in the last three months. The clinical-stage vaccine company missed earnings expectations on May 4 and is expected to announce its next quarterly results after the close on Aug. 9. Overall option volume was twice the daily average in NVAX yesterday. Puts outnumbered calls by a bearish 3-to-1 ratio. More From optionMONSTER General Growth draws show of support How the fast money is playing Mobileye Vote of confidence for Gilead Sciences View comments
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