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NOK

Nokia Corporation SponsoredClose $11.13EOD only
Max Pain
$10.00
Next expiry Sep 18, 2026
Expected Move
±$0.68
6.1% from close
Price Gap
-1.13
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Sep 11, 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
Sep 11, 2026 close
NOK Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Spot breaks below $14 support with high volume
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.8% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV (avg 90.1%) far exceeds VIX (16.2), implying elevated single-stock risk premium
Favorable?
Yes

Term structure: Front-end elevated (79% at 3d), term structure slightly contango but elevated across all tenors

📈Positive GEX $185M suggests dealer hedging supportive for upside
📌Max pain $14 across expirations indicates strong pinning magnet

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+185.2M)

Gamma flip: ~$14.00 — Approx — based on put OI concentration of 56,286 (5.5% below spot)

OI concentrations: Put OI 56k at $14 (strong floor); call OI wall $17-$20

Verdict: High pin risk to $14; spot likely gravitates to this level by expiration

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $13.50/$11.00 put spread
Sell 2026-07-24 $13.50/$11.00 put spread; earns elevated premium with defined risk.
Credit: $0.56-$0.68
Max loss: $1.82
BE: $12.82
Mgmt: Close at 50% max gain or before expiration; invalidate if spot breaks $14 on volume. Liquidity warning: Liquidity constraints: short_put: Wide spread (52%).; long_put: Wide spread (178%).

Risk Alerts

!Expiration cliff in 3 days
!Gamma flip at $14
!IV elevated above 90%
!Spot 9.8% above max pain
How to Use These Reports
This theta reflects the market close on June 15, 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.