Nokia Corp. (NOK) is unchanged today at 4.62.? NOK is trading close to near-term highs.
Paper traded call spread blocks of NOK Jan/Jan 2014 3 calls for .29.? Two blocks of 5,071 and 5,571 contracts traded today.? Average contract volume is over 71,000 contracts per day in the name.? Open interest is roughly 30,000 in Jan 2013 and over 100,000 contracts in Jan 2014 for the strikes.? The implied volatility is down 0.3 points in the Jan 2014s. This paper looks to be a rolling trade of a large call buyer as the closing options traded at parity and the opening side is larger.? This is not clear but the volatility is higher in the Jan 2014 so the trade looks to be a large covered roll or long calls.
30-day implied volatility is 66%.?? 10-day implied volatility is 105%.? 30-day implied volatility is trading well below the 10-day historical volatility.
Nokia Corporation (NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks. Devices & Services is responsible for developing and managing the Company?s portfolio of mobile products, as well as designing and developing services, including applications and content.