Trade Idea: Nokia

Trade Idea: Nokia

Spec Trade Idea

NOK $4 Call 11/13 Expo @ .38 Entry

Target: $4.75

Stop: 50% MAX Loss

Current Price: $4.22

Implied Move: 11.91%      Theoretical Expires in 7 days

Implied Move: 9.68%       Theoretical Expires on 10/30/20

Implied Move: 13.15%      Theoretical Expires on 11/20/20

Break-even: $4.38

100% Gain at Expiration: $4.76

200% Gain at Expiration: $5.14

Trade Description: Nokia shares are trading higher after the company announced it was selected by NASA to build first ever cellular network on the moon. (10.19.20)