Timing of bullish Nokia options trades raises questions

A man is silhouetted against a video screen as he poses with Nokia Lumia 820 smartphone in this photo illustration taken in the central Bosnian town of ZenicaBy David Gaffen (Reuters) – A flurry of bullish bets on Nokia just before markets closed on Friday are in line to pay off handsomely as a result of Microsoft's move to buy the Finnish company's handset business, and has once again raised questions about suspicious timing of such trades. Microsoft Corp said Monday that it would buy Nokia's handset business for $ 7.2 billion in a bid to win market share in the mobile business. The announcement sparked a massive rally in Nokia's U.S.-listed shares, which were up 30 percent on the day. …

Full Story Via Tech News Headlines – Yahoo! News

Comments are closed.