Unusual Options Activity In Novavax

Seven months ago, President Trump signed a $8 billion emergency funding to combat the coronavirus outbreak. The fund includes, funding for developing treatments, funding for the government to purchase drugs from manufacturers and funding for public health measures to help prevent its spread.

Novavax, Inc., together with its subsidiary, Novavax AB, a late-stage biotechnology company, focuses on the discovery, development, and commercialization of vaccines to prevent serious infectious diseases.

Yesterday, the company announced a Phase 3 trial kicking off in England. Was this news announcement the reason for bullish unusual options activity...only time will tell.

https://www.benzinga.com/analyst-ratings/analyst-color/20/09/17655715/novavax-analysts-confident-as-coronavirus-vaccine-candidate-heads-to-phase-3-study
https://www.fool.com/investing/2020/09/25/nasdaq-jumps-despite-costco-pullback-novavax-start/

https://www.barchart.com/options/unusual-activity/stocks

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.