NOK requires recapturing $12 for continued upside; failure to do so risks a drop below $10. Weekend Microsoft partnership news is not seen as a significant bullish driver.

Nokia is being mentioned here in the uh chat. I don't think this had any news today. It did it, excuse me, does have a gap up gapping up by 3.3% here. Let me see if there was any news on this.

Something over the weekend that uh Saturday was on it on their headlines. I don't know if they Yeah. So, this is on that Quantum stuff, right? How does this affect Nokia? Nokia said it is extending its partnership with Microsoft to create an agentic unified data foundation combining Nokia Nokia's data suite with Microsoft fabric.

So that is the weekend news that you referenced 13.

Um I don't know how great that is. Stock is up by 3% here and actually intraday looks like it's doing an all right job holding the VWAP. We've got that at 1099. Let's just call it 11.

I think if this thing holds 11 here, you might be all right. Excuse me. Pre-market high 11:115.

Yeah, you know, I mean, there's some there's a resistance area in the 11s that, you know, I think that the price would do well to get through, but 12 is really standing out to me as this the price that needs to be recaptured if we're going to uh you know, continue with the upside.

So I would as as we move up through uh like 1110 11:15 um which you know it looks like that's a uh I'm sorry that could certainly happen. Uh I think how how the uh the price action looks up when it approaches 12 is is going to tell us if we're this is going to reverse or go higher.

I think that I'm just looking at the chart here and if I look at uh larger time frames, you know, it 12 does really stand out to me. There's a there's a a 20week SMA up there at 1181.

So I uh I think this my my whole thought here is that you know if we can't get back above 12 then this could end up going lower like under 10.

Okay. So you really need a 12 cross otherwise there might be some more uh weakness here.

Um Shine Coffee said that you're trading this to the long side via calls that expire on Friday. Those are 1350. Jay, you are not optimistic that 13 by Friday is not going to hit.

Well, we'll see. Um >> 13 by Friday Nokia. >> 13 and a half by Friday for this gentleman's calls.

There would have to be some kind of news or something that I Yeah, that would lift it higher. I mean, I don't know what else is going to uh pull it up, but I mean that I I would I would say that uh yeah, you definitely would want to see a recapture of 12.

I think uh if you get 12, then you're then you're probably gonna uh end up seeing 13. But by Friday, I don't know about that. That seems like a tall order absent uh any news or cat.

I I I would completely agree with you. 13. It seems like there would need to be something additional here catalyst wise to to get us to that. But uh Sean, good luck on the trade.

Um, I I would say that even if you don't get to your 1350, um, when I'm in a position like this where I have some options that don't have a lot of time on them, I'm a little bit quicker on the trigger here.

That's going to be up to you though and your own risk profile and all of that.