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NOK

Nokia Corporation SponsoredClose $10.08EOD only

Max Pain

$11.00

Next expiry Jul 24, 2026

Expected Move

±$1.19

11.8% from close

Price Gap

+0.92

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: Jul 20, 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

Jul 20, 2026 close

NOK Theta Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 5, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 22

IV Environment

IV Regime

High

IV vs VIX

Avg IV 97.7% >> VIX 21.5 – extreme premium

Favorable?

Yes

Term structure: Steep contango 0DTE→7DTE, then gradual decline; front-week elevated

📈Avg IV 97.7% vs VIX 21.5 – rich for sellers

⚠️Term structure steep; 7DTE IV 84% vs 0DTE 33%

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+142.1M)

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 53,406 (2.6% below spot)

OI concentrations: Put OI 53.4K at $14 (2.6% below spot); max pain pins at $15, $16, $14

Verdict: High pin risk – large put OI and max pain cluster near spot

Premium Opportunities

Iron condor

Sell 2026-07-17 $14.00/$13.00 put wing and $16.00/$17.00 call wing

Sell put and call wings at support/resistance to profit from time decay and IV crush.

Credit: $0.63-$0.78

Max loss: $0.22

BE: 13.22 / 16.78

Mgmt: Exit if spot approaches either short strike; roll wings to maintain neutrality.

Risk Alerts

!Elevated IV skew – tail risk in puts

!Pin risk at $15 (max pain)

!Spot below MP – may drift lower

!Vix at 22 – market stress

How to Use These Reports

This theta reflects the market close on June 5, 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.