Moderately bullish activity in Nokia (NOK), with shares up 14c, or 1.74%, near $7.88. Options volume relatively light with 30k 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 0.6 points near 46.08,in the top quartile of the past year, suggesting an expected daily move of $0.23. Put-call skew steepened, indicating increased demand for downside protection.
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