Nokia rings twice, jets catch a bid, and the miners stay lit
By Steve Strazza
May 1, 2026
This note highlights a select group of stocks showing the most unusual — and highly directional — options activity.
The goal is simple: follow the big money and trade in the direction of the underlying trend.
Here is the list of Unusual Options activity from May 1:
*Click to enlarge view
Nokia Oyj $NOK — Someone is pounding the table on this one — twice.
Two bullish prints: 19,914 contracts of the 9/18 $19 calls for $2.3M and 31,500 contracts of the 6/18 $17 calls for $1.9M. Over $4M in call premium across strikes.
JetBlue Airways Corp $JBLU — The airlines are getting a bid.
20,814 contracts of the 12/18 $7 calls traded for $823K, a long-dated bet the worst is behind it.
Terawulf Inc $WULF — Bitcoin miners continue to lead.
2,227 contracts of the 8/21 $27 calls signal a continuation play on a stock already up ~47% in the past month.
