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Options Traders Turn Bearish on Nokia
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OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.
David Russell, reporter for OptionMonster.
Options action turned bearish on Nokia(NOK Quote) today as traders positioned for the cell phone maker to lose at least a quarter of its value.
Volume in the October 11 puts rose to 16,660 against open interest of 8,932 contracts, according to OptionMonster's monitoring systems. The puts traded for 30 cents to 35 cents, with purchases accounting for most of the activity. ...
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