Stocks

Nokia (NOK) may rise this week

Today Nokia announced that various deals with 5G with 3 big US companies, Google, Microsoft and Amazon for their Radio Access Ran (RAN), Open RAN and Cloud RAN project.

With these 3 new partnerships with Google, Microsoft and Amazon, Nokia unlocks new monetization opportunities and advanced services to enterprise customers at the network edge. Nokia will also work to certify its Nokia AirFrame Open Edge hardware with Anthos. Nokia AirFrame Open Edge distributes computing capacity into the edge of the network and drives the implementation of Cloud RAN, Multi-access Edge Computing (MEC), as well as 5G.

Something to consider

This week, Nokia’s options chain on March 19th has an open interest of nearly 135,000 open contracts at the $5 strike price, which equates to 13,500,000 million shares ($67.5 Million) to be issued if Nokia rises above $5 on or before March 19th’s expiration.

People are currently betting big that Nokia will close above $5 this week.

2 Comments

  1. Avatar

    Semserus

    Hi,
    Today is March 19, and Price of said stock $4.00
    Where is YOUR $ 5.00 ???
    What website are YOU.. using that show ..
    This week, Nokia’s options chain on March 19th has an open interest of nearly 135,000 open contracts at the $5 strike price, which equates to 13,500,000 million shares ($67.5 Million) to be issued if Nokia rises above $5 on or before March 19th’s expiration.

    • Avatar

      Patrick Hill

      Hello, if you have a fair understanding of options, those are contracts expiring and $5 is not guaranteed.