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NOK

Nokia Corporation SponsoredClose $13.85EOD only

Max Pain

$15.00

Next expiry Jun 12, 2026

Expected Move

±$1.02

7.4% from close

Price Gap

+1.15

Distance to max pain

IV Rank

High premium

P/C OI

0.32

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 9, 2026 close

End-of-day snapshot

This page reflects NOK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 9, 2026 close

NOK Directional Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Outlook

Bullish bias, limited upside at $14 pin; spot 10.7% below MP suggests mean reversion; dealer GEX supports downside.

Confidence:

7 / 10

Base 5; +2 GEX/flow alignment; +1 gamma pin; -1 spot distance from MP. Net 7.

Supports: Bullish flow, positive GEX, dealer long gamma.
Conflicts: Spot below MP, resist $14/$15.12, high vol.

🟢Dealer $128M GEX downside buffer.

🔴Spot 10.7% below MP, pin risk $14.

🟡Flow bullish, high vol, range bound.

Regime Classification

Vol Regime

High

IV high due macro sell-off and expiration.

Gamma Regime

Pinning

Long $128M GEX, no flip risk.

Flow Regime

Bullish

Bullish net premium flow.

Spot vs Max Pain

Below

Spot below $14-$15 pins.

Thesis duration: Event-specific — Expiration events on 6/12, 6/18, 6/26.

Price Range Forecast

Next 2 days

$12.67$14.12

Target $14 pin.

Next 1 week

$12.12$14.67

Approach $14.

Next 2 weeks

$11.67$15.12

Wider $11.67-$15.12.

Key Levels

Max pain pins: $15 (2026-06-12); $14 (2026-06-18); $14 (2026-06-26)

EM guardrails: 2d $12.67/$14.12; 1w $12.12/$14.67

Support: $11.67

Resistance: $14.00 · $15.12

Structural: Pins: $15 (6/12), $14 (6/18/26). Guardrails: $12.67/$14.12 (2d), $12.12/$14.67 (1w). Support $11.67, resist $14, $15.12.

Dealer Positioning (GEX/DEX)

GEX: $+128.0M

DEX: +131.3M shares

Gamma flip: N/A

NTM gamma: Dealer long GEX $128M, DEX +131M shares. Strong gamma supports pinning.

IV Analysis

IV vs VIX: IV elevated vs VIX 22.2, rich.

Term structure: Near-term expiry contango.

Skew: Put skew elevated, sell puts at support.

Flow Analysis

Net premium: Net premium $9.4M bullish; put/call volume ratio 0.34 indicates strong call buying.

Directional prints: 73.4 call 13.5 OTM 2026-06-12 — Vol/OI 1.6x, high volume 2518 vs OI 1617. Likely aggressive call buying for near-term rally; preferred read: bullish. 75.6 call 12.5 ITM 2026-06-18 — Vol/OI 1.8x, moderate volume. Indicates bullish positioning; likely bought. Preferred read: bullish. 356.3 call 7 ITM 2026-06-12 — Extreme IV 356%, vol/OI 3.6x. Deep ITM call with high activity suggests leveraged bullish bet; preferred read: bullish.

Unusual: 75 put 10 OTM 2026-09-18 — Vol/OI 4.1x, highest ratio. Unusual put activity in bullish flow; likely hedging or bearish speculation. Preferred read: neutral. 78.9 put 11 OTM 2026-06-26 — Vol/OI 2.2x, notable put accumulation; could be hedging downside. Preferred read: bearish hedge. 97.7 call 18.5 OTM 2026-06-26 — Vol/OI 1.5x, OTM call with high IV; speculative long shot. Preferred read: bullish lottery.

Risks & Catalysts

!Break $12.67

!Macro reversal

!Vol crush

!Gamma flip above $15.12

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-08-21 $17.00/$18.00 call spread Why now: Defined-risk debit spread to capture upside post-earnings with capped risk.	Upside capped if stock stays below short strike; vol crush post-earnings.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $11.00/$9.00 put spread Why now: Collect credit with defined risk; net bullish flow supports selling puts.	Max loss if stock drops below short put strike; gap risk.
Cash-secured put	Moderate	Sell 2026-08-21 $11.00 cash-secured put Why now: Single-leg premium sale; cash-secured to avoid margin issues.	Assignment risk if stock drops below strike; opportunity cost.

Top Plays

Put Credit Spread

Sell 2026-08-21 $11.00/$9.00 put spread

Sell $11/$9 put spread, net premium flow supports.

Why this play: Best fit for bullish capped upside, defined risk, high probability.

Credit: $0.45-$0.55

Max loss: $1.45

BE: $10.45

Mgmt: Close at 50% profit or $12.67 invalidation.

Income with defined risk

Bull Call Spread

Buy 2026-08-21 $17.00/$18.00 call spread

Buy $17/$18 call spread for earnings rally.

Why this play: Captures upside with limited risk, aligns with call buying.

Debit: $0.14-$0.18

Max loss: $0.18

BE: $17.18

Mgmt: Exit if stock below $12.67.

Aggressive upside

Cash-Secured Put

Sell 2026-08-21 $11.00 cash-secured put

Sell $11 put to collect credit.

Why this play: Direct premium collection but high capital risk.

Credit: $0.66-$0.80

Max loss: $10.20

BE: $10.20

Mgmt: Roll at $11.50 or close at 30% profit.

High conviction bulls

Watchlist Triggers

Entry Triggers

IFIF stock holds above $12.67 guardrail and bias remains bullish → THEN sell BS2 put credit spread (sell 2026-08-21 $11/$9 put spread) for credit 0.45-0.55

IFIF stock breaks above $14 resistance with volume and stays above → THEN buy BS1 bull call spread (buy 2026-08-21 $17/$18 call spread) for debit 0.14-0.18

Exit Triggers

EXITIF stock breaks below $12.67 guardrail OR profit reaches 50% of max gain → THEN close BS2 put credit spread at market

EXITIF stock drops below $12.67 invalidation level → THEN close BS1 bull call spread

Tactical Summary

Bullish bias with limited upside to $14 pin; mean reversion likely. Dealer GEX supports downside. Best play: put credit spread for income. Invalidation at $12.67. Avoid chase above $14; use bull call spread only on breakout with volume.

How to Use These Reports

This directional reflects the market close on June 10, 2026.

What the reports do

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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.