thetaOwl
HomeOptionsNOKReports

NOK

Nokia Corporation SponsoredClose $9.58EOD only
Max Pain
$9.50
Next expiry Aug 7, 2026
Expected Move
±$0.45
4.7% from close
Price Gap
-0.08
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.37
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Aug 5, 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
Aug 5, 2026 close
NOK Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short Put
Invalidation: Spot breaks below $14 support
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
Avg IV 91.6% vs VIX 17.3 – extremely high
Favorable?
Yes

Term structure: Downward sloping with spike at 4DTE (85.7%) and 32DTE (85.7%)

📊IV elevated across all expirations
📍Max pain $14 pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+133.8M)

Gamma flip: ~$12.00 — Approx — based on put OI concentration of 46,249 (16.8% below spot)

OI concentrations: Max pain $14 for weeklies and bi-weeklies

Verdict: Pin risk high at $14 due to concentrated OI

Premium Opportunities

#1
Cash-secured put
Sell 2026-08-21 $13.00 cash-secured put
Sell $13 put to capture high IV premium with defined risk.
Credit: $1.06-$1.29
Max loss: $11.71
BE: $11.71
Mgmt: Exit if spot breaks below $14 or if IV collapses.

Risk Alerts

!High IV relative to VIX
!Dealer gamma positive $133.8M
How to Use These Reports
This theta reflects the market close on June 22, 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.