Options Suggest Long-Term Bull in Nokia
Nokia Corporation (NYSE: NOK) saw bullish option order flow early on Monday, as an October 2.5 put seller hitting the bid of $0.55 on 2,000 contracts.
Open interest is enough to cover this morning's activity so it may be closing. If not, it looks like bullish order flow similar to noted long-term January 2014 5 call buyer last Thursday when NOK was trading at $1.94. The shares are attempting to breakout above the psychological $2.00 price level and are currently trading at their highest level for the month of July.
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