thetaOwl

NOK

Nokia Corporation SponsoredClose $13.81EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$0.82
6.0% from close
Price Gap
+0.19
Distance to max pain
IV Rank
57
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
NOK Flow Report
Analysis based on market close June 25, 2026

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

Flow Verdict

BiasBullish
Confirmation: Sustained call buying and price hold above $14.
Invalidation: Break below $12.50 or surge in put volume.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 19

Watch next session: Monitor call accumulation at $14; Gamma flip at $12

Flow Summary

Net premium: +$9.2M bullish

P/C volume ratio: 0.38

P/C OI ratio: 0.32

Heavy net premium and low put ratios indicate strong bullish positioning. Unusual call volume at $14 and $12.5 strikes, supported by positive GEX and pinning regime. Short-dated puts appear reactive. Bullish bias favored unless price breaks below $12.5.

Notable Prints

#1
NOK 2026-07-02 $14.00 Call
Vol: 15,485
OI: 4,103
Vol/OI: 3.8x
IV: 73.8%
Notional: ~$945K
Intent: Bullish open

Read-through: Optimistic on stock

#2
NOK 2026-07-02 $12.50 Call
Vol: 798
OI: 235
Vol/OI: 3.4x
IV: 71.5%
Notional: ~$130K
Intent: Bullish open

Read-through: Same sentiment

#3
NOK 2026-07-31 $20.00 Call
Vol: 784
OI: 253
Vol/OI: 3.1x
IV: 94.3%
Notional: ~$24K
Intent: Speculative bull

Read-through: Far-term bullish

#4
NOK 2026-06-26 $17.00 Put
Vol: 2,493
OI: 1,610
Vol/OI: 1.6x
IV: 179.7%
Notional: ~$770K
Intent: Bearish open
Dual read: hedge

Read-through: Sentiment negative

#5
NOK 2026-06-26 $17.50 Put
Vol: 2,183
OI: 1,452
Vol/OI: 1.5x
IV: 171.9%
Notional: ~$779K
Intent: Bearish open
Dual read: hedge

Read-through: Consistent

Institutional Positioning

Call additions: Weekly $14 and $12.5 calls, monthly $20 call, net premium +$9.2M

Put additions: Daily $17, $19, $17.5 puts (hedging or bearish)

GEX/DEX consistency: Yes, both positive, aligned with bullish flow

OI clusters: Put OI 49,962 at strikes 14.2% below spot

Hedging evidence: OTM put volume at $17/$19/$17.5 suggests hedging

Max pain context: Spot near MP, regime pinning

Signal vs Noise

~Large call vol at $14 (3.8x OI) is real demand
~Low put/call ratio (0.38) confirms bullish bias
~Gamma pinning near spot supports stability
~Daily put volume at high strikes may be noise from hedging

Key Conclusions

📈Institutions accumulate calls at $14 and $12.5, net premium +$9.2M
⚠️Put hedging at $17-$19 strikes indicates downside protection
📍Max pain pinning near current price, GEX positive supports sideways
How to Use These Reports
This flow reflects the market close on June 25, 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.