A large volume of long-dated put options has traded in Nokia Corp (NOK) ADRs (American Depository Receipts) following Nvidia, Inc.'s $1 billion stake in new NOK shares, announced on Oct. 28. Nokia, which makes 5G cellular equipment, will use the money for AI-related investments. The put options are unusual in that they won't expire for over 2 years (814 days) on Jan. 21, 2028, and are out-of-the-money (OTM) at $7.00 per share. Moreover, this was over 90 times the prior number of put options outstanding. ...

Core Viewpoint - Nvidia will purchase $1 billion in new Nokia shares, strengthening their partnership for developing cellular equipment and next-generation 6G technology [1] Group 1: Investment and Financials - Nvidia is set to acquire over 166 million new shares of Nokia as part of the $1 billion investment [1] - The proceeds from the share issuance will be utilized by Nokia to fund AI initiatives and other corporate purposes [1] Group 2: Company Background - Nokia, originally known for its early cell phones, has transitioned to primarily supplying 5G cellular equipment to telecom providers in recent years [2]