Home Options NOKReports

NOK

Nokia Corporation SponsoredClose $13.98EOD only

Max Pain

$14.00

Next expiry Jun 26, 2026

Expected Move

±$0.54

3.9% from close

Price Gap

+0.02

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.32

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

NOK Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.1% from MP; +0.5 VIX 18

Watch next session: Gamma flip level ~$12; Put flow

Flow Summary

Net premium: +$7.6M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.32

Strong bullish flow with $755M net premium, low put/call ratios, and $+54.8M GEX. Unusual call activity at $13 strikes suggests aggressive upside bets. Spot below max pain but heavy call OI may pin higher. Negative market backdrop poses risk.

Notable Prints

NOK 2026-11-20 $9.00 Put

Vol: 2,002

OI: 100

Vol/OI: 20.0x

IV: 75.7%

Notional: ~$136K

Intent: Bearish put buying

Dual read: Hedge

Read-through: Bearish

NOK 2026-07-02 $13.00 Call

Vol: 5,749

OI: 766

Vol/OI: 7.5x

IV: 66.0%

Notional: ~$276K

Intent: Bullish call buying

Dual read: Spread leg

Read-through: Bullish

NOK 2026-06-26 $12.50 Call

Vol: 1,188

OI: 180

Vol/OI: 6.6x

IV: 111.7%

Notional: ~$48K

Intent: Speculative call

Dual read: Intraday momentum

Read-through: Bullish

NOK 2026-06-26 $13.00 Call

Vol: 12,271

OI: 2,119

Vol/OI: 5.8x

IV: 12.5%

Notional: ~$49K

Intent: Lottery ticket

Dual read: Closing short calls

Read-through: Neutral

NOK 2026-07-10 $11.50 Put

Vol: 1,092

OI: 188

Vol/OI: 5.8x

IV: 70.1%

Notional: ~$22K

Intent: Bearish put

Dual read: Hedge

Read-through: Bearish

Institutional Positioning

Call additions: Aggressive call buying at $13 and $13.5 strikes, notably 12,271 vol on $13C and 15,003 on $13.5C expiring soon.

Put additions: Unusual put activity at $8 (14,393 vol) and $9 (2,002 vol) strikes, suggesting downside hedges.

GEX/DEX consistency: Consistent bullish: GEX +$54.8M, DEX +115.8M shares, net premium $7.56M call-heavy.

OI clusters: Largest OI: $8 put (5,077), $13.5 call (3,550), $13 call (2,119), $17 call (384).

Hedging evidence: Tail hedges via $8 and $9 puts, plus ITM $17.5 put (3.57 last) indicating downside protection.

Max pain context: Spot 7.1% below MP; positive gamma pinning up towards MP with $12 gamma flip.

Signal vs Noise

~High call volume at $13 and $13.5 (signal: aggressive bullish positioning, likely institutional accumulation).

~Outsize put volume at $8 and $9 (signal: hedge accumulation, not directional bearish).

~Low IV on $13C (12.5%) vs high IV on $12.5C (111.7%) suggests noise from short-dated lottery-like trades.

~High put/call OI ratio of 0.32 confirms overall call-heavy flow (signal).

Key Conclusions

📈Institutions loading upside via $13/$13.5 calls; bullish gamma and DEX support rally towards MP.

🛡️Concentrated $8/$9 puts signal tail hedging, not bearish conviction—risk management for long positions.

⚠️Gamma flip at $12; spot below MP but pinning up with net positive gamma—watch for upward drift into expiry.

How to Use These Reports

This flow reflects the market close on June 26, 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.