Shares of Nokia Corp (NOK) are up .04 to 7.66 today.? NOK is in the upper end of the 52-week range.
Today paper traded 25,800 NOK Apr 8 calls for .33.? ADV is 24,397 contracts.? The OI is 50,869 contracts.
The volume went up in two large blocks trading through the posted offer at the time.? The big trades are either a closing buy-writer or new paper getting long.? IV is up across the board in NOK so the odds favor more new call buying.? Either way the trade has a bullish bent to it in a midterm time frame.
30-day implied volatility is 40%.?? 10-day implied volatility is 34%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Nokia Oyj is a Finland-based company engaged in the manufacture of mobile devices and networks.