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NOK

Nokia Corporation SponsoredClose $7.88EOD only

Max Pain

$9.50

Next expiry Oct 23, 2026

Expected Move

±$0.34

4.4% from close

Price Gap

+1.62

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.41

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Oct 22, 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

Oct 22, 2026 close

NOK Theta Report

Analysis based on market close June 9, 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 9, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.7% from MP; +0.5 VIX 20

IV Environment

IV Regime

High

IV vs VIX

IV ~91% vs VIX 19.9, elevated

Favorable?

Yes

Term structure: Front-end high, backwardation, then flattening

🚀Call IV > Put IV, bullish skew

📌Gamma pinning at $14-$15

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+142.0M)

OI concentrations: Max pain $15 (6/12), $14 (6/18), $15 (6/26); call wall $15-$20

Verdict: Moderate pin risk, spot below but gamma attracts to $14-$15

Premium Opportunities

Put credit spread

Sell 2026-07-17 $12.00/$11.00 put spread

Sell $12/$11 put spread for ~$0.29 credit; edge from elevated IV and time decay with defined risk.

Credit: $0.23-$0.29

Max loss: $0.71

BE: $11.71

Mgmt: Exit if below $11.92 support or at 50% of max gain.

Risk Alerts

!High IV decay if spot range-bound

!Thin put OI below spot, support $11.92

!Call wall $15 may cap upside

How to Use These Reports

This theta reflects the market close on June 9, 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.