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NOK

Nokia Corporation SponsoredClose $13.49EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$1.05
7.8% from close
Price Gap
+0.51
Distance to max pain
IV Rank
100
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
NOK Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Theta Decay (Short Premium)
Invalidation: Break below $12 support or above $15 resistance
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.1% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV significantly elevated vs VIX
Favorable?
No

Term structure: Front-end IV extreme due to pin risk; back-end flattish near 75-80%

⚠️0 DTE IV spike indicates extreme pin risk and low ATM liquidity
📊Call-skew persists with OI wall at $15-$20; dealer short gamma

Pin Risk Assessment

Spot vs MP: At

GEX regime: Trending ($-183.4M)

OI concentrations: Max pain at $14 for multiple expirations; heavy call OI $15-$20

Verdict: High pin risk due to 0 DTE expiration and concentrated OI near spot

Premium Opportunities

#1
Call calendar
Sell 2026-06-26 $13.50 call / buy 2026-07-02 $13.50 call
Sell short-dated call, buy longer-dated to capture IV premium.
Debit: $0.17-$0.21
Max loss: $0.21
BE: Path-dependent
Mgmt: Monitor IV and spot near $12 support; exit if break below.

Risk Alerts

!Spot near max pain $14 with 0 DTE
!Negative dealer gamma may increase volatility
!Elevated IV suggests caution on short-dated sellers
How to Use These Reports
This theta reflects the market close on June 18, 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.