Long Term Bull Appears in Nokia Corp.

It looks like someone believes a turn around in cell phone maker Nokia Corporation (NYSE:

) shares is in the cards over the next 18 months as a block of 41,000 contracts trade above the offer at $0.36 in the January '14 5 calls. A total of more than 50,000 contracts have already traded in this strike pushing total call volume to 3 times its daily average. Nokia's shares have traded as high as $5.87 during 2012 but have since lost as much as 72% of their value. Thursday's call buyer will be looking for the stock to first break through its current short-term resistance level of $2.00 and then climb back to the $5.00 level over the coming months.