Mixed options sentiment in Nokia (NOK), with shares down 12c near $7.21. Options volume running well above average with 117k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.09. Implied volatility (IV30) dropped 11.79 near 54.58, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.25. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at SEB Equities.
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Read More on NOK:
- Unusually active option classes on open October 29th
- Nokia price target raised to $8.50 from $7.50 at Northland
- Notable open interest changes for October 29th
- Nokia price target raised to $8.07 from $4.64 at BofA
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