Schaeffer’s Daily Option Blog: Pessimism Lingers on Nokia (NOK) Among Options Players

Nokia (NYSE: NOK) was the center of some heavy options trading on Thursday following the company's recent earnings report. The security saw more than 83,200 contracts change hands, which is more than three times the equity's average daily trading volume of 25,096 contracts, according to data from WhatsTrading.com.

Digging into the action in the front three months of options, the October 15 call shed roughly 5,000 positions, while the October 14 call added approximately 5,000 new positions. The October 14 put also increased its open interest by 5,500 contracts. In the November series, the most active strike was the 14 call, with its open interest jumping by 5,000 contracts.

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