thetaOwl

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
95
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 Flow Report
Analysis based on market close June 11, 2026

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

BiasBullish
Confirmation: Continued heavy call volume, especially near-term ($14 strike), and positive net premium.
Invalidation: Break below gamma flip at $14 or shift to put-heavy flow.
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.1% from MP; +0.5 VIX 19

Watch next session: $14 strike activity; any reversal signs

Flow Summary

Net premium: +$12.7M bullish

P/C volume ratio: 0.26

P/C OI ratio: 0.33

Aggressive call buying dominates, with unusual prints showing huge front-month call volume. Net premium positive, put/call ratios very low. Gamma pinning near $14 supports spot. Bullish flow expects upward continuation.

Notable Prints

#1
NOK 2026-10-16 $34.00 Call
Vol: 2,018
OI: 152
Vol/OI: 13.3x
IV: 98.8%
Notional: ~$69K
Intent: Bullish speculation

Read-through: Long-term optimism

#2
NOK 2026-06-12 $14.00 Call
Vol: 47,787
OI: 7,456
Vol/OI: 6.4x
IV: 73.0%
Notional: ~$1.7M
Intent: Aggressive buying

Read-through: Near-term upside

#3
NOK 2026-06-12 $17.50 Put
Vol: 811
OI: 151
Vol/OI: 5.4x
IV: 223.4%
Notional: ~$276K
Intent: Hedge

Read-through: Bearish bet

#4
NOK 2026-06-12 $14.50 Call
Vol: 25,747
OI: 5,465
Vol/OI: 4.7x
IV: 72.7%
Notional: ~$386K
Intent: Additional bullish

Read-through: Accumulation

#5
NOK 2026-12-18 $34.00 Call
Vol: 4,833
OI: 1,325
Vol/OI: 3.6x
IV: 93.3%
Notional: ~$300K
Intent: Long-term call

Read-through: Speculative

Institutional Positioning

Call additions: Heavy call buying at $14, $14.5 near expiry and long-dated $34; net premium +$12.7M.

Put additions: Limited put buying at $16-$18; put/call ratio 0.26.

GEX/DEX consistency: GEX +$151.7M, DEX +137.4M shares; bullish flow and gamma pinning aligned.

OI clusters: Call OI clusters: $14 (7.5k), $14.5 (5.5k). Put OI: $16 (2.4k).

Hedging evidence: Light put hedging at $17.5 and $16; no aggressive collars.

Max pain context: Spot below MP; gamma flip at $14; pinning bias upward toward MP.

Signal vs Noise

~Signal: heavy call volume with low put/call ratio.
~Signal: GEX/DEX positive and flow aligned.
~Signal: unusual prints at $14 and $14.5 calls.
~Noise: high-IV out-of-money puts with low OI.

Key Conclusions

📈Bullish flow with heavy call accumulation; net premium positive.
⚠️Gamma pinning near $14; spot below MP may drift up.
How to Use These Reports
This flow reflects the market close on June 11, 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.

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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.