[kiasucapital]

Buy a Strangle on Nokia (Nok) earnings are due on October 16th

1.Purchase a January 2009 Put Option with a Strike Price of $16.00
2.Purchase a January 2009 Call Option with a Strike Price of $17.50
3.Set a limit order for $3.50
4.Set a 25% stop loss
5.Hold until after announcement on the 16th.
6.If it gaps in the direction of the trend you can hold the trade for higher profits.
7.Use no more than 2% risk on this.

Good until Tuesday 14th

[kiasucapital]

Let's go ahead and cancel out of this Nokia trade. The bid/ask spread has gotten too wide due to volatility the options have become too expensive. Even if the trade executed it would be difficult to make money unless Nokia makes a huge gap because of the large spread.

Again CANCEL the Nokia trade.