Notable Call Options Activity in Novavax

Shares of Novavax NVAX are higher on the session by 17.26%, currently trading at $1.97. The stock has been moving largely lower over the past three months, but it is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago the April 2012 $2.00 call traded 600 times on open interest of 8 contracts. Calls are outpacing puts today by 50 to 1. Novavax, Inc. is a biopharmaceutical company focused on developing recombinant vaccines. The company's technology platform is based on the virus-like particles.