Bearish flow noted in Nokia (NOK) with 4,404 puts trading, or 6x expected. Most active are Jan-26 6.5 puts and 1/9 weekly 7 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 7 points on the day. Earnings are expected on January 29th.
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