Workflow
Huge, Unusual Options Activity in Nokia After Nvidia Takes $1 Billion Stake
Yahoo Finance·2025-10-30 01:30

A large volume of long-dated put options has traded in Nokia Corp (NOK) ADRs (American Depository Receipts) following Nvidia, Inc.'s 1billionstakeinnewNOKshares,announcedonOct.28.Nokia,whichmakes5Gcellularequipment,willusethemoneyforAI−relatedinvestments.Theputoptionsareunusualinthattheywon′texpireforover2years(814days)onJan.21,2028,andareout−of−the−money(OTM)at1 billion stake in new NOK shares, announced on Oct. 28. Nokia, which makes 5G cellular equipment, will use the money for AI-related investments. The put options are unusual in that they won't expire for over 2 years (814 days) on Jan. 21, 2028, and are out-of-the-money (OTM) at 7.00 per share. Moreover, this was over 90 times the prior number of put options outstanding. ...