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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 Flow 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.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.7% from MP; +1 VIX 18

Watch next session: Monitor GEX changes; Watch put volume spike for hedging

Flow Summary

Net premium: +$24.0M bullish

P/C volume ratio: 0.36

P/C OI ratio: 0.32

Heavy net call premium, low put/call ratios, and bullish GEX signal strong buying. Unusual large call buys at $17C (Jul) and $25C (Nov) with elevated put volume for protection. Spot above dealer gamma flip at $14 supports pinning.

Notable Prints

NOK 2026-07-24 $17.00 Call

Vol: 4,518

OI: 358

Vol/OI: 12.6x

IV: 92.7%

Notional: ~$488K

Intent: Bullish speculation

Dual read: Hedge upside

Read-through: High call volume vs OI

NOK 2026-06-26 $14.00 Put

Vol: 18,249

OI: 1,750

Vol/OI: 10.4x

IV: 75.0%

Notional: ~$1.0M

Intent: Bearish protection

Dual read: Directional bet

Read-through: Elevated put activity

NOK 2026-11-20 $25.00 Call

Vol: 1,013

OI: 119

Vol/OI: 8.5x

IV: 91.3%

Notional: ~$126K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NOK 2026-06-12 $15.00 Call

Vol: 96,779

OI: 15,180

Vol/OI: 6.4x

IV: 21.9%

Notional: ~$97K

Intent: Expiry close

Dual read: Low-cost gamble

Read-through: High volume near worthless

NOK 2026-11-20 $18.00 Call

Vol: 1,137

OI: 236

Vol/OI: 4.8x

IV: 86.9%

Notional: ~$263K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Small call buying at $17 and $25; large $15 call volume today is expiration noise.

Put additions: Notable puts at $14, $13, $12.5 for June 26 and $13 for July 17.

GEX/DEX consistency: Yes; GEX +$220.9M and DEX +149.3M shares align with bullish flow.

OI clusters: Largest OI: $15 call (15k expiring), $13 put July 17 (8.5k).

Hedging evidence: Puts at $14 and $13 suggest hedging below spot.

Max pain context: Gamma pinning near $14; spot above MP.

Signal vs Noise

~Signal: High net premium ($24M) and low put/call ratio (0.36) indicate bullish bias.

~Signal: Unusual put volume at $14 and $13 for near-term expirations suggests hedging.

~Signal: GEX and DEX positive support bullish flow.

~Noise: Large $15 call volume on expiration day is noise from low IV.

~Noise: Some small put volume at $12.5 likely speculative.

Key Conclusions

📈Bullish flow with low put/call ratio and positive GEX/DEX; hedging at $14-$13 controls risk.

⚠️Large $15 call volume on expiration day is noise; focus on out-of-weekly strikes.

How to Use These Reports

This flow 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.