thetaOwl

NOK

Nokia Corporation SponsoredClose $13.49EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$1.05
7.8% from close
Price Gap
+0.51
Distance to max pain
IV Rank
100
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
NOK Flow Report
Analysis based on market close June 18, 2026

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

Flow Verdict

BiasBullish
Confirmation: Sustained call volume and net premium positive; spot near max pain supports bullish bias.
Invalidation: Close below $12.00 support or surge in put volume.
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.1% from MP; +1 VIX 16

Watch next session: Monitor for call unwinding or gamma shift.

Flow Summary

Net premium: +$12.5M bullish

P/C volume ratio: 0.42

P/C OI ratio: 0.32

Flow heavily bullish with aggressive call buying at $13.5 and $14 strikes. Low put/call ratio and positive net premium confirm strong demand. Unusual put activity at $16.5 suggests hedged positioning. Regime indicates trending gamma and bullish flow. Next session watch for continuation above $14 or resistance.

Notable Prints

#1
NOK 2026-06-18 $16.50 Put
Vol: 7,891
OI: 104
Vol/OI: 75.9x
IV: 284.4%
Notional: ~$2.1M
Intent: Speculative put buying or hedging
Dual read: Hedging or bearish speculation

Read-through: Bearish sentiment or tail risk

#2
NOK 2026-07-02 $12.00 Put
Vol: 3,968
OI: 475
Vol/OI: 8.3x
IV: 67.6%
Notional: ~$79K
Intent: Put buying ahead of earnings
Dual read: Hedging or directional bet

Read-through: Bearish outlook

#3
NOK 2026-07-31 $17.50 Call
Vol: 673
OI: 116
Vol/OI: 5.8x
IV: 82.0%
Notional: ~$34K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
NOK 2026-06-18 $13.50 Call
Vol: 14,947
OI: 3,201
Vol/OI: 4.7x
IV: 12.5%
Notional: ~$15K
Intent: Bullish bet with cheap calls
Dual read: Part of spread or buy-write

Read-through: Bullish bias

#5
NOK 2026-06-26 $9.00 Put
Vol: 1,102
OI: 284
Vol/OI: 3.9x
IV: 125.0%
Notional: ~$2K
Intent: Deep OTM put speculation
Dual read: Hedging or lottery bet

Read-through: Expecting large drop

Institutional Positioning

Call additions: Bullish call activity: $13.50C (14.9k vol) and $14C (16.5k vol) for upside.

Put additions: Notable put buying: $16.50P (7.9k vol, 75.9x OI) and $12P (3.9k vol) as hedges.

GEX/DEX consistency: Mixed: GEX -$183M bearish, DEX +140M bullish; flow bullish but DEX positive implies put selling.

OI clusters: Largest OI: $14C (9.2k), $13.50C (3.2k); put OI max at $12 (475).

Hedging evidence: Large put volume indicates hedging against upside exposure.

Max pain context: Spot at Max Pain; pinning expected near current levels.

Signal vs Noise

~Signal: Unusual put buying $16.50P with 75.9x OI ratio; bullish call flow and net premium.
~Noise: GEX/DEX contradiction may reflect hedges; low put/call ratios align with signal.

Key Conclusions

📈Bullish call positioning with heavy upside volume; sentiment remains positive.
⚠️Large put activity on $16.50 and $12 suggests downside hedging; watch for volatility.
📌Spot pinned at max pain; rangebound trading likely in near term.
How to Use These Reports
This flow reflects the market close on June 18, 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.