Nokia (NOK) is down 14 cents to $4.79 and options order flow on the Finnish telecomm is interesting today. 24,000 calls and 1,500 puts traded in the name so far. July 7 calls are the most actives. 6,690 traded. January 5, February 6, April 7, and July 8 calls are seeing interest as well. Meanwhile, implied volatility is up 10 percent to 53. Some players might be taking positions in upside calls on NOK on hopes for a rebound in 2012. The stock is down 53.5 percent year-to-date.