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NOK

Nokia Corporation SponsoredClose $14.80EOD only

Max Pain

$13.50

Next expiry Jun 18, 2026

Expected Move

±$1.21

8.2% from close

Price Gap

-1.30

Distance to max pain

IV Rank

High premium

P/C OI

0.32

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

NOK Directional Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

NOK bullish; dealer gamma & flow support; targets $15 (1w), $16.66 (2w). High vol caution.

Confidence:

8 / 10

Base5 +2 GEX/flow +1 gamma -1 spot far +1 VIX =8

Supports: Bullish flow, gamma, above MP, VIX stable
Conflicts: High vol, spot far, gamma flip close

📈Bullish flow & gamma

⚠️High vol caution

📌Gamma flip at $14 support

Regime Classification

Vol Regime

High

IV high vs HV; VIX 18 supports

Gamma Regime

Pinning

GEX +221M, positive pinning $14

Flow Regime

Bullish

Bullish flow, call-heavy

Spot vs Max Pain

Above

Spot $14.72, 5.7% above MP $14

Thesis duration: Multi-week — Bullish flow & gamma support; high vol event risk

Price Range Forecast

Next 1 week

$13.59$16.01

Target $15

Next 2 weeks

$12.94$16.66

Breakout $16.66

Key Levels

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

EM guardrails: 1w $13.59/$16.01

Support: $14.00 · $12.94

Resistance: $15.00 · $16.66

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 55,736 (5.4% below spot)

Structural: Max pain $14; gamma flip ~$14; support $12.94; resistance $15/$16.66

Dealer Positioning (GEX/DEX)

GEX: $+220.9M

DEX: +149.3M shares

Gamma flip: ~$14 (Approx — based on put OI concentration of 55,736 (5.4% below spot))

NTM gamma: GEX+$221M; DEX+149M; gamma flip $14

IV Analysis

IV vs VIX: IV rich vs VIX18; elevated

Term structure: Contango; near-term higher

Skew: Put skew high; sell put spreads

Flow Analysis

Net premium: Net premium positive $24M, low P/C vol ratio 0.36, but unusual put buying and closing call activity temper bullishness.

Directional prints: 92.7 call 17 OTM 2026-07-24 — Vol/OI 12.6, new bullish positioning likely bought, upside speculation. 75 put 14 OTM 2026-06-26 — Vol/OI 10.4, heavy put buying, possibly hedging or bearish bet. 91.3 call 25 OTM 2026-11-20 — Vol/OI 8.5, long-dated call buying, bullish on further upside.

Unusual: 92.7 call 17 OTM 2026-07-24 — Vol/OI 12.6 vs OI 358, extreme; likely aggressive bought. 75 put 14 OTM 2026-06-26 — Vol/OI 10.4, unusual put activity; possibly protective. 21.9 call 15 OTM 2026-06-12 — Vol 96779, OI 15180, expiring ITM? Last 0.01, likely closing.

Risks & Catalysts

!Drop via $14 flip

!Vol expansion risk

!Flow shift risk

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-06-26 $15.00/$15.50 call spread Why now: Bull call spread captures upside with defined risk, aligns with flow and short-term targets.	If stock moves lower or stays flat, debit is lost. High IV may overprice upside.
Put credit spread	Moderate	Sell 2026-06-26 $14.00/$13.50 put spread Why now: Credit spread collects premium with defined risk, benefits from bullish bias and low vol.	If stock drops below short put strike, max loss occurs. Vol expansion hurts.

Top Plays

Bull Call Spread

Buy 2026-06-26 $15.00/$15.50 call spread

Buy $15/$15.50 call spread for bullish move.

Why this play: Captures upside with defined risk, aligns with flow and short-term targets.

Debit: $0.18-$0.22

Max loss: $0.22

BE: $15.22

Mgmt: Exit near $15.50 target; stop if <$14.

Traders seeking upside with limited risk.

Put Credit Spread

Sell 2026-06-26 $14.00/$13.50 put spread

Sell $14/$13.50 put spread for premium.

Why this play: Collects premium with defined risk, benefits from bullish bias.

Credit: $0.14-$0.18

Max loss: $0.32

BE: $13.82

Mgmt: Manage near expiration; stop if <$14.

Traders comfortable with bullish stance wanting income.

Watchlist Triggers

Entry Triggers

IFIF stock price holds above $14 and below $15 (first resistance) → THEN buy 2026-06-26 $15/$15.50 call spread at limit (0.18-0.22)

IFIF stock price remains above $14 (gamma flip level) → THEN sell 2026-06-26 $14/$13.50 put spread at credit (0.14-0.18)

Exit Triggers

EXITIF stock price reaches $15.50 (call spread target) → THEN exit bull call spread for max gain or near target

EXITIF stock price drops below $14 (invalidation level) → THEN exit both spreads (bull call and put credit) to limit losses

Tactical Summary

NOK bullish bias from dealer gamma/flow. Key support $14, resistance $15/$16.66. Multi-week upside targets. Trade bull call spread or put credit spread with defined risk. High vol caution.

How to Use These Reports

This directional reflects the market close on June 12, 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.