Nokia (NOK) implied volatility jumped today, as shares fell on a revised outlook. The company lowered guidance for its core devices and services unit for both the second quarter and the fiscal year. Shares are down $1.15 to $7.05 on the day. Meanwhile, 60,000 calls and 53,000 puts have changed hands in Nokia options, which is 6.5X the average daily. July 8 puts, which are now 11.9 percent in-the-money and have traded 92 percent on the bid, are the most actives and are probably seeing some liquidating sales. Still, implied volatility jumped 26 percent to 35 on the session.