thetaOwl

NOK

Nokia Corporation SponsoredClose $13.98EOD only
Max Pain
$14.00
Next expiry Jun 18, 2026
Expected Move
±$0.76
5.4% from close
Price Gap
+0.02
Distance to max pain
IV Rank
98
High premium
P/C OI
0.33
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
NOK Flow Report
Analysis based on market close June 17, 2026

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

Flow Verdict

BiasBullish
Confirmation: Sustained call buying and positive GEX; spot holds above $13.5 support.
Invalidation: Sharp drop below $13 with high put volume; negates bullish gamma.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.2% from MP; +0.5 VIX 18

Watch next session: Monitor expiring puts for pinning action

Flow Summary

Net premium: +$9.2M bullish

P/C volume ratio: 0.35

P/C OI ratio: 0.33

Heavy net call premium and low put/call ratios indicate strong bullish flow. Unusual call prints at $13.5, $25, $34 suggest long-term bullish bets. Large put volumes at $16.5-$18 expiring tomorrow likely represent hedging rather than directional bearish bets, as spot is far below. Positive gamma supports pinning. Overall bias remains bullish.

Notable Prints

#1
NOK 2026-07-02 $13.50 Call
Vol: 2,772
OI: 474
Vol/OI: 5.8x
IV: 71.5%
Notional: ~$283K
Intent: Bullish speculation

Read-through: Aggressive call buying

#2
NOK 2026-10-16 $34.00 Call
Vol: 7,239
OI: 2,118
Vol/OI: 3.4x
IV: 97.7%
Notional: ~$203K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
NOK 2026-06-26 $13.50 Put
Vol: 8,660
OI: 4,225
Vol/OI: 2.0x
IV: 67.8%
Notional: ~$398K
Intent: Hedging near expiry

Read-through: Put hedging

#4
NOK 2026-08-21 $25.00 Call
Vol: 3,533
OI: 1,803
Vol/OI: 2.0x
IV: 98.6%
Notional: ~$99K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
NOK 2026-06-18 $16.50 Put
Vol: 7,891
OI: 5,250
Vol/OI: 1.5x
IV: 137.5%
Notional: ~$2.1M
Intent: Similar bearish bet

Read-through: Large put buying

Institutional Positioning

Call additions: Aggressive call buying at $13.50, $25, $34; OI surges.

Put additions: Near-expiry puts at $16.50-$18, likely hedging.

GEX/DEX consistency: Flow aligns with strong positive GEX/DEX; bullish gamma.

OI clusters: Calls: $13.50 (474), $25 (1803), $34 (2118); Puts: $16.50 (5250).

Hedging evidence: Heavy near-term puts hedge long positions.

Max pain context: Spot below MP; pinning expected upward.

Signal vs Noise

~High vol/oi on call strikes signals institutional accumulation.
~Near-expiry puts with extreme IV (193-246%) are noise, likely closing trades.

Key Conclusions

🚀Strong call buying at $13.50, $25, $34; OI surge confirms bullish conviction.
⚠️Heavy near-term put activity may indicate hedging, but high IV warns of volatility.
How to Use These Reports
This flow reflects the market close on June 17, 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.