Nokia (NOK) ATM calls active on low volatility; as shares sell off 13% on sales guidance, MMI and RIMM follow NOK lower
Nokia (NOK) is recently down $1.15 to $7.06 following lower Q2 Devices & Services net sales estimates. July and October 7 calls are active. June option implied volatility is at 34, July and October is at 34; below its six-month average of 42, suggesting decreasing price movement.
Motorola Mobility Holdings (MMI), devoted to cell phones and set-top television boxes, has an overall option implied volatility of 39, near its 22-week average of 42.
Research in Motion (RIMM) June call option implied volatility is at 51, July is at 41, August is at 38; compared to its 26-week average of 36 suggesting larger near term price movement.
Volatility as an asset class:
NASDAQ 100 overall implied volatility at 17; 26-week average is 19.
Financial Select Sector overall volatility at 21, 26-week average is 23.