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NOK

Nokia Corporation SponsoredClose $16.62EOD only

Max Pain

$15.00

Next expiry Jun 5, 2026

Expected Move

±$0.62

3.7% from close

Price Gap

-1.62

Distance to max pain

IV Rank

High premium

P/C OI

0.31

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

NOK Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.8% from MP; +1 VIX 15

Watch next session: Call volume sustaining; Put accumulation

Flow Summary

Net premium: +$77.7M bullish

P/C volume ratio: 0.24

P/C OI ratio: 0.31

NOK sees dominant call buying across strikes with low put interest. Regime bullish, gamma pinning above $7 MP. Unusual prints include large short-dated call volume. DEX positive supports upward bias.

Notable Prints

NOK 2026-06-12 $11.50 Put

Vol: 5,061

OI: 276

Vol/OI: 18.3x

IV: 110.9%

Notional: ~$5K

Intent: Hedge

Dual read: Bearish speculation

Read-through: Defensive

NOK 2026-06-05 $4.00 Call

Vol: 694

OI: 138

Vol/OI: 5.0x

IV: 1200.0%

Notional: ~$870K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-07-10 $18.00 Call

Vol: 911

OI: 256

Vol/OI: 3.6x

IV: 84.4%

Notional: ~$110K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-07-10 $15.50 Call

Vol: 436

OI: 136

Vol/OI: 3.2x

IV: 81.3%

Notional: ~$93K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-06-18 $19.50 Call

Vol: 3,374

OI: 1,227

Vol/OI: 2.8x

IV: 95.1%

Notional: ~$121K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call accumulation at $16.50 (23.6k vol) and $27 (7k vol); bull flow confirmed.

Put additions: Minimal put activity; $11.50 put noise only (5k vol, low OI).

GEX/DEX consistency: GEX +$226.9M (positive gamma) and DEX +177M shares (long delta) align with bullish flow.

OI clusters: Largest OI: $16.50 call (12.4k), $27 call (2.9k), $19.50 call (1.2k).

Hedging evidence: No collars or significant put hedges detected; pure call buying bias.

Max pain context: Spot above MP; gamma pinning supports upward drift.

Signal vs Noise

~Signal: $16.50 call block (23.6k vol) and $27 call accumulation (7k vol) reflect institutional bullish positioning.

~Signal: Consistent positive GEX/DEX and low put/call ratios (0.24 vol, 0.31 OI) confirm bullish sentiment.

~Noise: OTM weekly calls ($4, $4.5) with extreme IV (>1200%) are lottery trades, not institutional.

~Noise: $11.50 put unusual (18x vol/oi) but low OI indicates small hedging, not directional bet.

Key Conclusions

📈Institutions are accumulating calls en masse, particularly at $16.50 and $27 strikes.

🔑Positive gamma and delta suggest strong upside pinning; spot likely remains above MP.

⚠️High IV in deep OTM weekly calls signals speculative froth; avoid chasing lotto tickets.

How to Use These Reports

This flow reflects the market close on June 4, 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.