NOK
Nokia Corporation SponsoredClose $14.18EOD onlyThis page reflects NOK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Outlook
Bullish bias: strong GEX+$521M pinning, bullish flow, spot above MP. Vol high but supports dealer hedging. Targets 1w range 14.17-16.77, bias upside. Key risk: spot 19% from MP could pull back.
Conflicts: Spot far from MP, high vol regime
Regime Classification
Price Range Forecast
Key Levels
Dealer Positioning (GEX/DEX)
GEX: $+521.7M
DEX: +154.1M shares
Gamma flip: N/A
NTM gamma: GEX +$521.7M, DEX +154.1M shares; positive gamma providing pinning support.
IV Analysis
IV vs VIX: Regime vol high vs VIX 16.7; ticker IV likely rich, implying elevated risk premium.
Term structure: Not provided; assume normal contango unless event-driven.
Skew: No skew data; potential call overwriting if IV rich.
Flow Analysis
Net premium: Net premium $68.7M put-biased (P/C vol 0.24), indicating aggressive put buying.
Directional prints: 71.5 put 14.5 OTM 2026-06-05 — Vol/OI 77.2: heavy put buying, likely bearish downside bet. Preferred read: bought. 10.2 put 15.5 ITM 2026-05-22 — Vol/OI 49.5: aggressive put buying near expiration, low IV suggests cheap premium. Preferred read: bought. 69.7 put 15 OTM 2026-05-29 — Vol/OI 40.6: significant put volume, bearish positioning. Preferred read: bought.
Unusual: 71.5 put 14.5 OTM 2026-06-05 — Vol/OI 77.2 extremely high; unusual put activity for deep OTM strike. 10.2 put 15.5 ITM 2026-05-22 — Vol/OI 49.5 on 0DTE; unusual volume relative to open interest. 69.7 put 15 OTM 2026-05-29 — Vol/OI 40.6; large put buying with above-average IV.
Risks & Catalysts
Strategy Viability
| Strategy | Edge | Best Setup | Primary Risk |
|---|---|---|---|
| Put credit spread | Moderate | Sell 2026-06-26 $14.00/$13.50 put spread Why now: Strong GEX and bullish flow support upside; high vol favors premium sale. | Spot 19% above MP may revert; high vol expansion possible. |
| Bull call spread | Moderate | Buy 2026-06-26 $16.00/$18.00 call spread Why now: Positive GEX and flow support; spreads reduce cost and theta decay. | Spot pullback to MP could hurt; time decay if move delayed. |
| Put credit spread | Moderate-Strong | Sell 2026-06-05 $14.00/$13.50 put spread Why now: Spot above MP, bullish GEX pinning, and high IV make put credit spread attractive for defined-risk upside. | Spot 19% above MP could revert; spread limits loss but still exposed to sharp decline below short strike. |
| Bull call spread | Moderate | Buy 2026-06-12 $15.00/$17.50 call spread Why now: Bullish bias and range target 16.77 support for upside; limited risk with high vol works in favor. | If spot fails to rally, premium is lost; high vol may decay quickly if move doesn't materialize. |
| Call diagonal | Moderate | Sell 2026-06-05 $16.00 call / buy 2026-07-17 $15.00 call Why now: Near-term IV elevated; longer-dated call maintains upside exposure while short leg decays faster. | If spot rallies sharply before near-term expiry, short call may cap gains; reversal could cause losses on both legs. |
Top Plays
Watchlist Triggers
Tactical Summary
Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.