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 22, 2026

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

Flow Verdict

BiasBullish
Confirmation: Heavy call volume and low put/call ratios, strong net premium, positive GEX, and regime flow Bullish confirm bullish bias.
Invalidation: A break below the gamma flip level near $12 or a reversal to net put premium would invalidate.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +1 VIX 17

Watch next session: Monitor unusual call activity at $14.5 and $15 strikes for sustained buying

Flow Summary

Net premium: +$27.2M bullish

P/C volume ratio: 0.26

P/C OI ratio: 0.31

NOK sees aggressive call buying across multiple expirations, with net premium +$27M and put/call volume ratio at 0.26. The flow is bullish and gamma pinning supports upside momentum despite slight market weakness.

Notable Prints

#1
NOK 2026-07-10 $10.50 Put
Vol: 1,695
OI: 108
Vol/OI: 15.7x
IV: 93.8%
Notional: ~$10K
Intent: Hedging downside, small bearish bet

Read-through: Limited downside concern

#2
NOK 2026-06-26 $14.50 Call
Vol: 31,077
OI: 5,177
Vol/OI: 6.0x
IV: 87.9%
Notional: ~$1.7M
Intent: Bullish call buying
Dual read: Short covering

Read-through: Expects near-term upside

#3
NOK 2026-07-02 $14.50 Call
Vol: 6,865
OI: 2,056
Vol/OI: 3.3x
IV: 83.8%
Notional: ~$542K
Intent: Bullish position rolling

Read-through: Continued bullish outlook

#4
NOK 2026-07-24 $15.00 Call
Vol: 22,984
OI: 7,952
Vol/OI: 2.9x
IV: 91.4%
Notional: ~$3.1M
Intent: Bullish speculation
Dual read: Potential earnings play

Read-through: Bullish sentiment medium-term

#5
NOK 2026-07-17 $26.00 Call
Vol: 1,042
OI: 398
Vol/OI: 2.6x
IV: 117.2%
Notional: ~$7K
Intent: Lottery ticket speculation

Read-through: Low probability upside bet

Institutional Positioning

Call additions: Heavy call buying at $14.5-$15 strikes, net premium +$27M.

Put additions: Minimal; one small put at $10.5.

GEX/DEX consistency: Consistent: GEX +$133.8M, DEX +126.4M shares.

OI clusters: Notable OI at $14.5 (7/31) and $15 (7/24) calls.

Hedging evidence: None observed; VIX elevated but no collars.

Max pain context: Spot 3.1% above max pain; gamma flip near $12.

Signal vs Noise

~High call volume/ $14.5-$15 strikes is signal.
~Low put activity confirms bullish bias.
~$26 call likely noise (low OI).

Key Conclusions

🟢Institutions adding upside via calls, signaling bullish outlook.
How to Use These Reports
This flow reflects the market close on June 22, 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.