Re: USA Stocks Relentlessly Higher (S&P5 not far from record highs); meanwhile NoVax Down
When in doubt, look at what the options market is telling us on any Friday. Largest Call OI is in the $7.50 and $8.00 strikes expiring today. My uneducated guess is NVAX closes just under $7.50.
The good news is the $8.00 Calls expiring next Friday have the most OI, so using my admittedly non-scientific theory we should close just under $8.00 next week! That could always change depending on what comes out of the Jeffries meeting on Thursday.