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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 Flow 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.

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.7% from MP

Flow Summary

Net premium: +$9.4M bullish

P/C volume ratio: 0.34

P/C OI ratio: 0.32

Bullish flow dominates with net premium +$9.4M and low put/call ratios. Unusual call buying at $7 and $13.5 suggests upside bets. Gamma pinning supports spot near $10.80, but high VIX and 10.7% below MP warrant caution. Watch for continuation if spot holds above $10.

Notable Prints

NOK 2026-09-18 $10.00 Put

Vol: 6,020

OI: 1,481

Vol/OI: 4.1x

IV: 75.0%

Notional: ~$361K

Intent: Hedging due to bullish flow, but high vol/oi suggests active bearish positioning.

Dual read: Could be speculative bet on downside.

Read-through: Expects weakness or protection against long calls.

NOK 2026-06-12 $7.00 Call

Vol: 535

OI: 150

Vol/OI: 3.6x

IV: 356.3%

Notional: ~$346K

Intent: Speculative lottery ticket on short-term spike.

Dual read: Hedge for short sellers.

Read-through: Extreme IV reflects high expected move near expiry.

NOK 2026-06-26 $11.00 Put

Vol: 1,774

OI: 804

Vol/OI: 2.2x

IV: 78.9%

Notional: ~$25K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-06-18 $12.50 Call

Vol: 433

OI: 241

Vol/OI: 1.8x

IV: 75.6%

Notional: ~$48K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-06-12 $13.50 Call

Vol: 2,518

OI: 1,617

Vol/OI: 1.6x

IV: 73.4%

Notional: ~$81K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Notable call buying: Jun12 $7 (tiny vol, extreme IV), Jun18 $12.5, Jun12 $13.5, Jun26 $18.5, Aug21 $32.

Put additions: Large put addition: Sep18 $10 (6020 vol, 4.1x OI, likely hedging). Also Jun26 $11 put.

GEX/DEX consistency: Consistent: $+128M GEX and +131M DEX, both bullish, aligning with net premium flow.

OI clusters: Largest OI: $10 Put (1481) and $13.5 Call (1617) from unusual activity; broader OI data not provided.

Hedging evidence: Sep18 $10 put appears protective/hedging, not directional bearish. No collar evidence.

Max pain context: Spot ($12.67) 10.7% below max pain. Gamma pinning likely upward pull. Flow bullish suggests drift toward MP.

Signal vs Noise

~Signal: Sep18 $10 put (6020 vol, 4.1x OI) is genuine hedging by smart money.

~Signal: Near-term call buying at $12.5 and $13.5 with decent volume indicates bullish bets.

~Noise: Jun12 $7 call (535 vol, IV 356%) is likely erroneous or illiquid; ignore.

~Noise: Far OTM calls at $18.5 and $32 are small and speculative, not institutional.

Key Conclusions

🛡️Large Sep18 $10 put is a hedge, not bearish signal; suggests downside protection.

📈Positive GEX ($128M) and bullish flow support upward drift toward max pain.

⚡Spot 10.7% below MP; pinning regime implies mean reversion potential.

How to Use These Reports

This flow 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.