LogFAQs > #1171638

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicAnyone interested in a stock/financial discussion topic?
GunMage
05/30/12 5:06:00 PM
#60:


Currently looking at Nokia (NOK), which could be an interesting play. It's gotten to the point where the downside risk is small enough to give this a speculative shot. Thinking a buy-write is the way to go here, using the JAN 04 5.00 calls, to really minimize the cost basis. If it gets liquidated, it won't be a big loss. If it happens to take off or get bought out, I won't be too broken up over getting called away for what would be about a 100% gain...

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