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NOK

Nokia Corporation SponsoredClose $14.43EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$1.16
8.0% from close
Price Gap
-0.43
Distance to max pain
IV Rank
56
Middle-high premium
P/C OI
0.31
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
NOK Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short premium
Invalidation: Spot breaks below $12 gamma flip or above $14 max pain
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19; override: base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 89.7% vs VIX 19.5, extremely elevated
Favorable?
Yes

Term structure: Front-end IV high, dips at 17d, then rises; elevated across curve

📈GEX +$117M bullish flow
⚠️Spot below $14 max pain; high pin risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+117.0M)

Gamma flip: ~$12.00 — Approx — based on put OI concentration of 48,302 (12.4% below spot)

OI concentrations: Put wall $12-$12 (48k OI), call wall $15-$20; max pain $14

Verdict: High pin risk; spot below max pain, gamma flip at $12

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $12.50/$10.50 put wing and $17.00/$19.00 call wing
Neutral play exploiting high IV by selling wings; max profit if NOK stays between $12.50-$17.00.
Credit: $0.63-$0.77
Max loss: $1.23
BE: 11.73 / 17.77
Mgmt: Close if spot breaches $12.50 or $17.00; adjust wings if IV expands. Liquidity warning: Liquidity constraints: long_put: Wide spread (116%).; long_call: Wide spread (69%).
#2
Put credit spread
Sell 2026-07-24 $12.00/$10.50 put spread
Bullish short put spread on NOK; profits if spot stays above $12 at expiry.
Credit: $0.36-$0.45
Max loss: $1.05
BE: $11.55
Mgmt: Close if spot approaches $11.90; roll if IV crushes. Liquidity warning: Liquidity constraints: long_put: Wide spread (116%).

Risk Alerts

!High IV regime; premium attractive but IV may crush
!Gamma flip at $12; breach could accelerate move
!Event risk near 6/26 expiration
How to Use These Reports
This theta reflects the market close on June 23, 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.