Nokia (NOK) shares are up 6 cents to $9.53 and sentiment seems bearish, with customers buying to open 18,000 Nokia puts on the ISE so far today. 52K puts traded across all exchanges, which is 6X normal and compares to 6,695 calls. Players are dialing in to the July 9 puts, which have traded 40.3K (86 percent Ask). July 10, Oct 9 and Jun 10 puts are active as well. Implied volatility is up about 4 percent to 47, as it appears that some investors are bracing for a possible drop in shares of the Finnish phone maker in the weeks ahead. No news to explain the action.