Novo Bears Rise After Stock Propels Denmark to 2015 Best
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The stock that’s pushing Denmark’s benchmark equity index to records also has traders rushing to hedge against declines.
Novo Nordisk A/S has rallied 25 percent this year to an all-time high as analysts estimate the world’s biggest insulin maker will report its best quarterly profit jump since 2008 next month. That hasn’t stopped a record number of bearish options from trading on Monday.