There is no way this want go to that price range or a lot higher by christmas. The new windows phones and MSFT backing them is all invesstors need to know to invest now before the institutions swarm in at 5 bucks...Might take a while but hold onto every share of this you can.
Why in the world would you pay nearly $1.50 for an expiring option with no real intrinsic value when you can buy the actual stock for $4? That's just stupid. Options are for hedging or for leverage. 2 ro 1 is not leverage. 10 or 15 to 1 is leverage. The jan 2014 $7 calls are $.22. That's almost 20 to leverage.
That means investing $10,000 is almost as much as investing $200,000 in the actual stock. So if you're gonna take the risk of options then at least get some leverage out of it. And let's face it - if Nokia makes it this year, it's gonna be much higher than $7 by next January as the pps then will reflect the expected profits from Nokia looking at 6-12 months down the road.
So if profits from Nokia 18 months from now, so 2 summers from now look great then the pps by next January is gonna go much higher to reflect that. Walstreet always looks 6-12 months ahead. So take some risk and buy some jan 2014 $7 calls or if you're scared buy the $5 ones for about $.55. That's still an 8 to 1 leverage. Not bad for such low(er) risk.
Sentiment: Strong Buy