Nokia Corp. (NOK) opened at 38.02. So far today, the stock has hit a low of 37.92 and a high of 38.20. NOK is now trading at 38.19, up 1.47 (3.87%). The stock hit its 52 week high of 38.23 in October and set its 52 week low of 18.87 in January. The stock has been moving upwards for the past year. Shares of telecommunication providers have been rallying today lifted by Telefonica (TEF) which announced yesterday it would bring forward plans to raise its dividend payout. Telefonica plans to grow earnings per share by more than 75 percent by 2010. Technical indicators for the stock are bullish and steady while S&P gives NOK a negative 2 STARS (out of 5) sell rating. If you’re looking for a hedged play on this stock, consider a January bull-put credit spread below the $30 range. NOK stock could fall up to 21.4% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]