thetaOwl

NOK

Nokia Corporation SponsoredClose $13.01EOD only
Max Pain
$14.00
Next expiry Jul 2, 2026
Expected Move
±$0.95
7.3% from close
Price Gap
+0.99
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 26, 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 26, 2026 close
NOK Flow Report
Analysis based on market close June 29, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot above $12 gamma flip; continued call buying at $12.5.
Invalidation: Spot breaks below $12 support.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +1 VIX 18

Watch next session: Monitor $12.5 and $13 call activity.

Flow Summary

Net premium: +$12.1M bullish

P/C volume ratio: 0.25

P/C OI ratio: 0.31

Heavy net call premium $12.1M and low put/call ratios signal aggressive bullish flow. Unusual prints show massive call accumulation at $12.5 and $13 strikes near-term. High positive GEX and DEX reinforce upside momentum. Spot below max pain but calls dominate.

Notable Prints

#1
NOK 2026-07-17 $12.50 Call
Vol: 2,002
OI: 178
Vol/OI: 11.2x
IV: 71.9%
Notional: ~$216K
Intent: Bullish speculation

Read-through: Upside target ~$13.5

#2
NOK 2026-07-10 $12.50 Call
Vol: 3,035
OI: 321
Vol/OI: 9.4x
IV: 67.6%
Notional: ~$279K
Intent: Bullish front-month

Read-through: Short-term upside

#3
NOK 2026-07-02 $12.50 Call
Vol: 7,085
OI: 785
Vol/OI: 9.0x
IV: 79.3%
Notional: ~$475K
Intent: Aggressive call buying

Read-through: Expiration upside

#4
NOK 2026-07-02 $12.00 Call
Vol: 3,647
OI: 520
Vol/OI: 7.0x
IV: 70.3%
Notional: ~$401K
Intent: Bullish spread
Dual read: Hedged

Read-through: Expect >$12

#5
NOK 2026-07-24 $12.50 Put
Vol: 3,668
OI: 600
Vol/OI: 6.1x
IV: 82.2%
Notional: ~$326K
Intent: Sell put premium
Dual read: Bearish if unhedged

Read-through: Neutral bias

Institutional Positioning

Call additions: Heavy call buying at $12.5 and $13 strikes across Jul expirations; $12.5 call OI surging.

Put additions: Modest put activity at $12.5 and $12; low relative to calls.

GEX/DEX consistency: Yes, positive GEX ($111M) and DEX (+112M shares) align with bullish flow.

OI clusters: Largest OI at $12.5 calls; next at $13 calls.

Hedging evidence: Minimal; flow is predominantly directional call buying.

Max pain context: Spot below MP (~$12.5), pinning expected toward that level.

Signal vs Noise

~Signal: Heavy $12.5/$13 call volume, low put/call ratio, positive GEX/DEX.
~Noise: Deep OTM $1 call with 2462% IV (likely data error); distant $33 call low vol.

Key Conclusions

📈Institutions aggressively buying $12.5 calls, signaling bullish conviction.
Low put/call ratio (0.25) and strong GEX/DEX support upward gamma squeeze.
⚠️Spot 3.5% below MP; high VIX but flow consistent with pinning to $12.5.
How to Use These Reports
This flow reflects the market close on June 29, 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.