NOK Options Are Pricing a ±$0.86 Move Into July 31 — and the Flow Leans to the Lower Half

Ticker NOK, closed Friday at 9.10. Hold that number, because every level in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Not a conviction call. The clearest evidence sits in the price of protection: traders in this name have swung from paying up for upside to paying up for downside, and the fresh money that moved on Friday moved to…

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