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NOK

Nokia Corporation SponsoredClose $9.73EOD only
Max Pain
$10.50
Next expiry Jul 24, 2026
Expected Move
±$0.42
4.3% from close
Price Gap
+0.77
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jul 23, 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 23, 2026 close
NOK Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 8, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Credit put spreads
Invalidation: Spot break below $14 gamma flip
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.9% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 92% vs VIX 19: extreme premium, 4.8x multiple
Favorable?
Yes

Term structure: Near-term IV decaying, flat to backwardated

💥IV 92% vs VIX 19: extreme premium, attractive
⚠️Term structure flat, no roll yield
📈GEX +$158M bullish flow supports selling

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+158.0M)

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 54,781 (4.0% below spot)

OI concentrations: Put OI dense at $14, call OI wall $17-$20

Verdict: Spot below $16 max pain, gamma flip at $14, pin risk elevated near expiry

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $13.00/$12.00 put spread
Sell $13/$12 put spread for credit, capturing elevated IV while staying above key gamma flip at $14.
Credit: $0.26-$0.32
Max loss: $0.68
BE: $12.68
Mgmt: Close at 50% profit or if spot breaches $14 invalidation.

Risk Alerts

!High IV may compress quickly if spot stabilizes
!Gamma flip at $14 critical
How to Use These Reports
This theta reflects the market close on June 8, 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.