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NOK

Nokia Corporation SponsoredClose $9.65EOD only
Max Pain
$10.00
Next expiry Sep 18, 2026
Expected Move
±$0.61
6.4% from close
Price Gap
+0.35
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
0.33
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Sep 14, 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 14, 2026 close
NOK Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 16, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short puts
Invalidation: Spot < $12
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV ~92% vs VIX 16, elevated
Favorable?
Yes

Term structure: Front-end elevated; 2d ATM 75% with high skew; term flat overall

📈IV elevated; term flat; front skew high

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+130.2M)

OI concentrations: Max pain $14 next 2 expiries; call wall $15-$20

Verdict: Spot pinned near $14-$15; bullish flow

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-17 $12.00 cash-secured put
Sell $12 put to collect inflated premium, expressing bullish view with defined risk.
Credit: $0.37-$0.46
Max loss: $11.54
BE: $11.54
Mgmt: Monitor spot; roll or close if spot nears $12.16 invalidation.
#2
Put credit spread
Sell 2026-07-17 $12.00/$11.00 put spread
Sell $12/$11 put spread to collect credit with capped loss.
Credit: $0.20-$0.24
Max loss: $0.76
BE: $11.76
Mgmt: Exit if spot breaks $12.16; manage for max profit at expiration.
#3
Iron condor
Sell 2026-07-17 $12.00/$11.00 put wing and $14.00/$15.00 call wing
Sell $12/$11 put wing and $14/$15 call wing to collect premium.
Credit: $0.54-$0.66
Max loss: $0.34
BE: 11.34 / 14.66
Mgmt: Adjust if spot moves beyond wings; target expiration decay.

Risk Alerts

!Low put support below $12; no earnings event
How to Use These Reports
This theta reflects the market close on June 16, 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.