thetaOwl

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
97
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 5, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $14 (gamma flip) with continued call volume > put volume
Invalidation: Break below $14 on high put volume or broad market deterioration
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 22

Watch next session: $14.5; $15

Flow Summary

Net premium: +$40.7M bullish

P/C volume ratio: 0.35

P/C OI ratio: 0.32

Despite -2.6% SPY and -4.8% QQQ, NOK options flow is heavily call-biased with $40.7M net premium and GEX +$142M. Gamma pinning supports near $14. Bullish flow suggests recovery potential.

Notable Prints

#1
NOK 2026-06-05 $14.50 Call
Vol: 10,608
OI: 1,727
Vol/OI: 6.1x
IV: 15.6%
Notional: ~$11K
Intent: Speculative lottery
Dual read: Possible spread

Read-through: Short-term upside bet

#2
NOK 2026-06-18 $16.00 Put
Vol: 15,288
OI: 2,718
Vol/OI: 5.6x
IV: 86.9%
Notional: ~$3.1M
Intent: Hedge

Read-through: Protection

#3
NOK 2026-06-12 $14.00 Put
Vol: 8,517
OI: 1,748
Vol/OI: 4.9x
IV: 85.9%
Notional: ~$460K
Intent: Floor

Read-through: Institutional put

#4
NOK 2026-06-05 $15.00 Put
Vol: 31,540
OI: 10,217
Vol/OI: 3.1x
IV: 76.6%
Notional: ~$2.1M
Intent: Expiry adjustment
Dual read: Or new bearish

Read-through: Large volume

#5
NOK 2026-06-05 $4.00 Call
Vol: 465
OI: 187
Vol/OI: 2.5x
IV: 1350.0%
Notional: ~$498K
Intent: Exercise
Dual read: Conversion

Read-through: Deep ITM

Institutional Positioning

Call additions: Heavy call buying at $14.50 and $15.50, net premium +$40.7M

Put additions: Moderate put adds at $14 and $15, put/call ratio 0.35

GEX/DEX consistency: GEX +$142.1M, DEX +149.1M shares, aligns with bullish flow

OI clusters: Call OI at $15.50 (12k) and $14.50; put OI at $15 (10k) and $14

Hedging evidence: Long-dated July $14 puts indicate some hedging, but dominance is call side

Max pain context: Spot below MP; gamma flip at $14 suggests pinning toward $15

Signal vs Noise

~Signal: strong call accumulation at $14.50/$15.50 with low put/call ratio
~Signal: positive GEX/DEX and high VIX support directional bullish flow
~Noise: deep OTM $4 call with IV 1350% is lottery ticket, disregard

Key Conclusions

📈Institutions loading calls at $14.50 and $15.50, net premium +$40.7M, signals bullish conviction
⚠️Spot below MP but gamma flip at $14 hints at pinning higher; watch move toward $15
How to Use These Reports
This flow reflects the market close on June 5, 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.