Please ensure Javascript is enabled for purposes of website accessibility
Options Trader Pro
Advanced Trading Strategies for Big Profits in Any Market

Buy Call NVO

March 12, 2024
Buy the Novo Nordisk (NVO) September 135 Calls (exp. 9/20) for $14.50 or less

Today we are going to freshen up the portfolio a bit by buying one of the best-looking stocks in the market while selling our two worst-performing holdings.

Let’s start with NVO which has been riding the “miracle” weight-loss trade the past year, and continues to see very strong call buying including these trades recently:

Today - Buyer of 1,500 Novo Nordisk (NVO) June 140 Calls for $8 – Stock at 134

Thursday - Buyer of 4,500 Novo Nordisk (NVO) April 140 Calls for $4.50 – Stock at 137

While we may not be “early” to the NVO stock move, I think the stock looks terrific, and option activity remains strong, so let’s add the stock to the portfolio today.

To execute this trade you need to:

Buy to Open the NVO September 135 Calls

The most you can lose on this trade is the premium paid, or $1,450 per call purchased.

NVO September 135 Calls
Position Strategy
Buy Call
Opened Date
March 12, 2024
September 20, 2024
Net Price
Jacob Mintz is a professional options trader and editor of Cabot Options Trader. Using his proprietary options scans, Jacob creates and manages positions in equities based on unusual option activity and risk/reward.