Nokia (NYSE: NOK) closed at $29.51 Monday.
Navteq (NSYE: NVT) agreed to be purchased by NOK on Oct. 1, 2007 for $78 cash ($7.6 billion). The European Commission is investigating the deal.
NOK June call option implied volatility of 30 and puts implied volatility of 35 is below its 26-week average of 40 according to Track Data, suggesting decreasing price risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com









