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NOK

Nokia Corporation SponsoredClose $13.98EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$0.54
3.9% from close
Price Gap
+0.02
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
NOK Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Conservative
Primary: Theta premium selling (hedged)
Invalidation: Spot breaks below $12 or above $15
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 94% vs VIX 18.4 — extremely elevated
Favorable?
Yes

Term structure: Near-term spike, then stable contango ~70-80%

📈IV 5x VIX, high premium but event risk possible
📌Max pain $14; call wall $14-$19 supports pinning

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+54.8M)

Gamma flip: ~$12.00 — Approx — based on put OI concentration of 50,086 (7.8% below spot)

OI concentrations: Call OI wall $14-$19, Put floor $12-$12

Verdict: Moderate pin risk at $14; gamma flip at $12 offers downside buffer

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $13.00/$12.00 put wing and $14.00/$15.00 call wing
Sell $13/$12 put and $14/$15 call wings.
Credit: $0.67-$0.81
Max loss: $0.19
BE: 12.19 / 14.81
Mgmt: Close if spot nears $12 or $14; take 50% profit.
#2
Put credit spread
Sell 2026-07-24 $13.00/$12.00 put spread
Sell $13/$12 put spread for defined risk.
Credit: $0.44-$0.54
Max loss: $0.46
BE: $12.46
Mgmt: Adjust near $12.50; take 50% profit.

Risk Alerts

!Extreme IV suggests event risk — hedged theta strategies recommended
!Spot 7% below MP, potential upward drift but resistance at $14
How to Use These Reports
This theta reflects the market close on June 26, 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.