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NOK

Nokia Corporation SponsoredClose $14.43EOD only

Max Pain

$14.00

Next expiry Jun 26, 2026

Expected Move

±$1.16

8.0% from close

Price Gap

-0.43

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.31

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

NOK Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: $12 gamma flip; July 10 & 31 $13.5 call activity

Flow Summary

Net premium: +$9.3M bullish

P/C volume ratio: 0.29

P/C OI ratio: 0.32

Strong bullish flow: net premium positive, low put/call ratio, notable call activity at $13. Upside bias despite broader selloff.

Notable Prints

NOK 2026-11-20 $13.00 Call

Vol: 603

OI: 136

Vol/OI: 4.4x

IV: 80.8%

Notional: ~$188K

Intent: Bullish opening, long call.

Dual read: May be short-term speculation.

Read-through: Demand for long-dated upside.

NOK 2026-07-31 $13.50 Call

Vol: 482

OI: 215

Vol/OI: 2.2x

IV: 86.1%

Notional: ~$77K

Intent: Short-term bullish play.

Read-through: Near-term bullish sentiment.

NOK 2026-07-10 $13.50 Call

Vol: 1,106

OI: 535

Vol/OI: 2.1x

IV: 76.6%

Notional: ~$114K

Intent: Aggressive call buying.

Dual read: Could be closing spread.

Read-through: Strong bullish conviction.

NOK 2026-07-17 $7.00 Put

Vol: 7,051

OI: 4,471

Vol/OI: 1.6x

IV: 121.9%

Notional: ~$21K

Intent: Hedging tail risk.

Dual read: Bearish speculation possible.

Read-through: Buying cheap protection.

Institutional Positioning

Call additions: Aggressive call buying at $13 and $13.5 strikes, especially Nov 2026 and Jul 2026 expirations.

Put additions: Large volume in $7 put (7051 vol, 4471 OI) suggests hedging or closing; not a directional bet.

GEX/DEX consistency: Yes, both GEX (+$117M) and DEX (+121.5M shares) bullish, aligning with call flow.

OI clusters: Calls: $13 (Nov), $13.5 (Jul). Puts: $7 (Jul) heavy OI. Spot at ~$8.30, below MP but pinning likely.

Hedging evidence: The $7 put block (deep OTM) may be institutional collar or protective put; also high VIX (19.5) suggests hedging.

Max pain context: Spot below max pain; gamma is pinning (regime: pinning). Expect drift toward MP with call walls supporting.

Signal vs Noise

~Signal: Persistent call buying at $13/$13.5 strikes with high vol/OI ratios.

~Noise: The $7 put volume (7051) appears noise (likely hedging) given negligible premium ($0.03) and deep OTM.

~Signal: Net premium +$9.3M and bullish GEX/DEX confirm smart money bullish bias.

Key Conclusions

📞Institutions adding calls aggressively at $13-13.5, expecting upside; net premium bullish.

⚡Gamma pinning near MP with spot below; call walls may support price move toward $8.50-9.

⚠️High VIX and large put OI at $7 suggest hedges; upside not risk-free.

How to Use These Reports

This flow reflects the market close on June 23, 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.