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 15, 2026

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

Flow Verdict

BiasBullish
Confirmation: Continued call buying and spot above gamma flip $14.
Invalidation: Large put buying or spot breaking below $14.
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.8% from MP; +1 VIX 16

Watch next session: $15 resistance; Gamma flip at $14

Flow Summary

Net premium: +$23.4M bullish

P/C volume ratio: 0.24

P/C OI ratio: 0.33

NOK strong bullish with heavy call flow, +GEX, low put/call ratios. Broad market tailwind. Far OTM call lottery. Risk if spot drops below gamma flip $14.

Notable Prints

#1
NOK 2026-07-31 $14.50 Call
Vol: 847
OI: 144
Vol/OI: 5.9x
IV: 83.0%
Notional: ~$158K
Intent: Bullish directional
Dual read: Potential opening of call spread

Read-through: Bullish sentiment for July expiration

#2
NOK 2026-07-31 $15.00 Call
Vol: 313
OI: 149
Vol/OI: 2.1x
IV: 87.7%
Notional: ~$54K
Intent: Bullish directional

Read-through: Bullish

#3
NOK 2026-06-18 $14.50 Call
Vol: 7,611
OI: 4,223
Vol/OI: 1.8x
IV: 82.4%
Notional: ~$518K
Intent: High conviction short-term bullish
Dual read: Could be covering short position

Read-through: Aggressive near-term rally expectation

#4
NOK 2026-08-21 $34.00 Call
Vol: 643
OI: 382
Vol/OI: 1.7x
IV: 113.1%
Notional: ~$12K
Intent: Speculative bullish
Dual read: Lottery ticket

Read-through: Extremely bullish long-term view

#5
NOK 2026-07-31 $15.50 Call
Vol: 299
OI: 172
Vol/OI: 1.7x
IV: 79.5%
Notional: ~$47K
Intent: Bullish

Read-through: Bullish

Institutional Positioning

Call additions: Widespread call buying at $14.5-$15.5 strikes; notable $34 far OTM call

Put additions: Minimal put activity; ratio low at 0.33

GEX/DEX consistency: Consistent: GEX +$185M, DEX +144M shares, bullish flow alignment

OI clusters: Largest OI: $14.5 and $15 calls; put OI concentration at $14 (gamma flip)

Hedging evidence: Negligible put hedging; gamma flip at $14 indicates moderate downside protection

Max pain context: Spot above MP; pinning forces may draw spot lower, but bullish flow counters

Signal vs Noise

~Real: Net premium +$23.4M, 0.24 P/C vol ratio, +185M GEX, high vol/oi call prints.
~Noise: Far OTM $34 call (lottery ticket), high IV in some contracts may be noise.

Key Conclusions

📈Institutions loading calls across strikes; bullish flow persists with strong GEX support.
⚠️Spot 9.8% above MP; pinning risk could draw price lower despite bullish flow.
💡Gamma flip at $14 from put OI suggests key support level; monitor for hedging shifts.
How to Use These Reports
This flow reflects the market close on June 15, 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.