thetaOwl
HomeOptionsNOKReports

NOK

Nokia Corporation SponsoredClose $16.62EOD only
Max Pain
$15.00
Next expiry Jun 5, 2026
Expected Move
±$0.62
3.7% from close
Price Gap
-1.62
Distance to max pain
IV Rank
97
High premium
P/C OI
0.31
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 4, 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 4, 2026 close
NOK Theta Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put spread
Invalidation: Spot breaks above $17 or below $14.49
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.8% from MP; +1 VIX 15

IV Environment

IV Regime
High
IV vs VIX
IV 93% significantly above VIX 15.4, elevated implied volatility.
Favorable?
Yes

Term structure: Near-term IV 62.7% (1d) rises then varies; avg 93% elevated overall.

📈GEX +$226.9M strong positive gamma pinning near $15-$16.
⚠️Near-term IV (62.7%) lower than longer-term; selling front month has pin risk.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+226.9M)

OI concentrations: Call OI wall $19-$21; max pain pins $15 (1d), $16 (8d), $14 (14d); no put OI near spot.

Verdict: Pin risk elevated near $15-$16 due to max pain and positive gamma, potential pin at $15 for 1d expiration.

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $15.00/$14.50 put spread
Sell $15 put, buy $14.50 put for credit.
Credit: $0.06-$0.08
Max loss: $0.42
BE: $14.92
Mgmt: Close if price nears $15.50.
#2
Iron condor
Sell 2026-06-12 $15.00/$14.50 put wing and $17.00/$17.50 call wing
Sell put and call wings for credit.
Credit: $0.23-$0.29
Max loss: $0.21
BE: 14.71 / 17.29
Mgmt: Monitor call side if price rises.

Risk Alerts

!Spot above MP may increase call selling risk.
!Near-term pin risk at $15 for 1d expiration.
How to Use These Reports
This theta reflects the market close on June 4, 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.