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NOK

Nokia Corporation SponsoredClose $14.80EOD only
Max Pain
$13.50
Next expiry Jun 18, 2026
Expected Move
±$1.21
8.2% from close
Price Gap
-1.30
Distance to max pain
IV Rank
95
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
NOK Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short premium
Invalidation: Spot breaks below $14 gamma flip or IV drops below 60%
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.1% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 92% vs VIX 19 – premiums rich
Favorable?
Yes

Term structure: Flat contango with elevated put skew at front

📈High IV offers premium opportunity
⚠️Spot below max pain may attract pinning

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+151.7M)

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 55,562 (0.6% below spot)

OI concentrations: Put OI heavy at $14 (55k); max pain $14-$15; call wall $15-$20

Verdict: Pin risk at $14-$15 strikes, especially for weekly expiration

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $13.00/$12.00 put spread
Sell $13/$12 put spread, capitalizing on elevated IV and downside cushion.
Credit: $0.29-$0.35
Max loss: $0.65
BE: $12.65
Mgmt: Close if spot drops to $14; roll down or buy back if IV collapses.
#2
Iron condor
Sell 2026-07-17 $14.00/$13.00 put wing and $17.00/$18.00 call wing
Sell $14/$13 put spread and $17/$18 call spread, collecting high premium.
Credit: $0.57-$0.70
Max loss: $0.30
BE: 13.30 / 17.70
Mgmt: Adjust wings if spot approaches $14 or $17; exit early if IV drops sharply.

Risk Alerts

!Spot 6.1% below $14-$15 max pain zone
!Gamma flip at $14 could accelerate move
!High IV may compress after event
How to Use These Reports
This theta reflects the market close on June 11, 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.