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Nokia Corporation Message Board

  • luv_n_peace_4ever luv_n_peace_4ever Feb 1, 2013 12:49 AM Flag

    you want to make money with nok options?

    Sell leap puts like Jan 2014 or 2015 strike price 2 or 3. It is volatile like the stock n you can go in n out n make lots of money. Trust me. I sell 50 n 100 contracts n I get in n out. When nok is down I sell the puts n when it moves up I buy them back like I did when it recently moved up. I am now waiting to sell them again. The only draw back here you have to have enough fund in your cash account. It is a good way of playing nok volatility..

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    • dark_pool Feb 1, 2013 2:09 AM Flag

      Are you insane? Even Manson would say you're crazy. The risk is too great. Sure, you can pocket some coin over a period time. But, read on....

      But one day, you're going to find yourself caught with a closing price below your strike price, get assigned overnight, get caught with short shares the next business day and be force to cover the short position. AND if a buyout announcement is made on the same evening, then you are F_____ED royally. Do you realize that???? And given that they're leaps, that's a lot of sleepiness nights for a long period of time.

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