Nokia (NOK) is seeking to block the sale of most RIM (RIMM) products in the U.S., Canada and U.K. through the enforcement of the ruling of an arbitrator, which found in favor of the Finnish company in a dispute over patents related to its wireless local access network (WLAN) technology. The arbitrator, the firm says, ruled that RIM is "not entitled to manufacture or sell WLAN products without first agreeing royalties with Nokia." [View news story]
I am fortunate to be long the stock at $2.60, but I feel the better play is to buy the long term call options. January 2015 $4 call options can still be had for about $1.00. That gives the company a full 2 years to grow.
Nokia's Mobile Imaging And Camera Chief Leaving The Company Nov. 30 [View article]
Good strategy. I'm glad I bought NOK Jan 2014 $3 call options Monday at .63 They traded at $1.14 today, up over 80%. I also loaded up on January 2015 $4 calls at just under $1.00 Wednesday. Not a bad premium for two years of time.
Nokia (NOK) is seeking to block the sale of most RIM (RIMM) products in the U.S., Canada and U.K. through the enforcement of the ruling of an arbitrator, which found in favor of the Finnish company in a dispute over patents related to its wireless local access network (WLAN) technology. The arbitrator, the firm says, ruled that RIM is "not entitled to manufacture or sell WLAN products without first agreeing royalties with Nokia." [View news story]
Nokia's Mobile Imaging And Camera Chief Leaving The Company Nov. 30 [View article]
They traded at $1.14 today, up over 80%. I also loaded up on January 2015 $4 calls at just under $1.00 Wednesday. Not a bad premium for two years of time.