Analysis of Your $7 Put Option on NVAX (Expiring Feb 28, 2025): 1. Current Position Snapshot Stock Price (NVAX): $7.54 (as of Feb 25, 2025) Strike Price: $7.0 (Put) Days to Expiry: 3 days Mid-Price (Premium): $0.44 Probability of Profit: 27.61% (≈27.6% chance of expiring ITM) Implied Volatility (IV): 200.13% (extremely high, reflecting uncertainty) Delta: -0.331 (≈33.1% chance of expiring ITM) 2. Key Observations a. Is the $7 Put Already "Priced In"? Current Stock Price vs. Strike: NVAX is above $7 ($7.54), meaning your put is out-of-the-money (OTM) . Market Sentiment: Short-term bearishness (stock down 5.63% today , near 52-week low of $3.81). Elevated short interest (recent short volume ratio: ~12-20%). High IV (200%) signals expectations for significant price swings. Analyst Consensus:
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