Nokia Shares Get Vote of Confidence

The biggest options trade of the day in Nokia is a bet that last month’s lows will not be broken.

NOK surged 8.60 percent to $3.35 in morning trading, and has more than doubled from its 15-year low of $1.63 in July. The stock is now at its highest level since early May as it trended down from a 52-week high above $7 late last year.

Our tracking systems detected the sale of 15,000 April 1.50 puts for the bid price of $0.14 against previous open interest of just 20 contracts. So, a new position was clearly initiated.

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— Option Monster

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