Nvidia’s $1 billion stake in Nokia leads to a surge in long-dated put options trading. Nokia’s shares are up to $7.45 after the deal. The unusual put volume is seen as a bullish trade, potentially initiated by short-sellers. Investors may be hedging their long-term NOK investments, anticipating a potential drop in share price.

The deal could help Nokia in developing 6G mobile equipment with AI technology. Analysts are divided on the impact of the Nvidia stake, with price targets ranging from $6.71 to $9.48. Investors may consider following the put options trading activity to set a lower buy-in price for Nokia shares with a good yield.

Read more at Barchart: Huge, Unusual Options Activity in Nokia After Nvidia Takes $1 Billion Stake