Bullish flow in Nokia with shares up 8.19%

Bullish flow in Nokia (NOK), with shares up 78c, or 8.19%, near $10.23. Options volume nearly triple the daily average with 161k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.29. Implied volatility (IV30) is higher by 6.5 points near 70.67, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.46. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at BofA.Looking ahead: Nokia (NOK) will report earnings before the open on 2026-04-23.Option markets are pricing in a 50% probability of a move greater than 11.36% or $1.16.