Tematica Options+ Special Alert – Fixing yesterday’s faux pax
Yesterday I issued a lengthy issue, which included a call option on Nokia (NOK) shares. My efforts were so focused on keeping the integrity of the overall issue intact that I mismatched the strike month and strike price of that.
Mea culpa.
The fault lies with me, and I’ll be extra attentive in the weeks to come.
In lieu of Nokia’s earnings report early this morning, which showed the first quarter of positive year over year growth for its mobile networks business in some time, our underlying investment thesis for a Nokia call option remains intact. Better yet, the company is guiding for meaningful margin expansion over the next several quarters.
For that reason, I’ve made a decision to remove the botched call option from yesterday and replace it with the Nokia (NOK) July 2019 7.00 (NOK 190719C00007000) calls that closed last night at 0.41. As we make this trade, I’m setting the stop loss at 0.20.
One thing, you’ll notice that in today’s revised recommendation I am linking to a new source to show the particulars of the trade. The reason is, in my opinion, Yahoo Finance has become too buggy and laggy to be reliable. Again, just my view on things.
In sum,
- We are swapping our Nokia call option to the Nokia (NOK) July 2019 7.00 (NOK 190719C00007000) calls that closed last night at 0.41 with a stop loss 0.20.
Thank you subscribers for being attentive and holding my feet to the fire to ensure a high quality and reliable product.
Chris
