Bullish flow in Nokia with shares up 6.24%

Bullish flow in Nokia (NOK), with shares up 80c, or 6.24%, near $13.71. Options volume extremely heavy with 289k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.28. Implied volatility (IV30) is higher by 3.4 points near 70.38, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.61. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Argus.