Nokia has downside protection of 13.87 percent

Nokia stock so far has hit a 52 week low of $8.47 and a 52 week high of $27.99, and Nokia ended the last trading session at $13.34, and Nokia has been showing support for about 12.89 and a resistance in the 13.71 area reports market intelligence center.

Nokia appears on the Observer Volume Leaders list and technical indicators for the stock are Bearish S&P gives Nokia a neutral 3 STAR hold rate.

Hedge play on this stock you look at January 10 12.50 covered call for the net debit in the region of $11.49 and provides a break even price for this trade. The covered call is a duration of 166 days and provides a 13.78 percent downslide protection and 8.79 percent assigned return rate for 19.33 percent annualised return rate.

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