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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

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 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.7% from MP; +1 VIX 18

IV Environment

IV Regime

High

IV vs VIX

Avg IV 92% vs VIX 17.7, extremely high

Favorable?

Term structure: 0 DTE OTM call IV 122.5%, steep front-end skew; backend ~80%

⚠️IV 92% vs VIX 17.7, extreme premium

📊Term structure steep, short-dated skew high

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+220.9M)

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 55,736 (5.4% below spot)

OI concentrations: Put floor $14 (55.7K OI); call wall $17-$20

Verdict: Strong pinning at $14 with bullish flow; high IV adds risk

Premium Opportunities

Iron condor

Sell 2026-07-17 $13.00/$11.00 put wing and $18.00/$20.00 call wing

Sells both put and call wings to collect elevated premium, betting on rangebound price.

Credit: $0.63-$0.78

Max loss: $1.22

BE: 12.22 / 18.78

Mgmt: Exit if price breaks below $12 or above $18, or collect 50% max profit.

Put credit spread

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

Sells put spread to collect premium, bearish but defined downside.

Credit: $0.15-$0.18

Max loss: $0.82

BE: $11.82

Mgmt: Close if price falls below $14 invalidation level; take profit at 50% max gain.

Call diagonal

Sell 2026-07-10 $17.00 call / buy 2026-08-21 $18.00 call

Sells short-term call, buys longer-term call to capture volatility crush after earnings.

Debit: $0.59-$0.72

Max loss: $0.72

BE: Path-dependent

Mgmt: Close if price drops below $14; adjust if front-month option becomes ATM.

Risk Alerts

!High IV skew signals tail risk

!Spot near gamma flip at $14

How to Use These Reports

This theta reflects the market close on June 12, 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.