Nokia (NOK)
Nokia Max Pain By Strike
NOK trades at $4.26, 6.5% above the near-term max pain of $4 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1.5-$7.5), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Nokia Max Pain By Expiry
Max pain for NOK shows a downward trend from 7.5 to 1.5, indicating bearish sentiment or hedging activity. The 141% spread signals divergent expectations across timeframes. Levels distributed around 4.26. Strong magnetic level at 4 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 4 | -0.26 (-6.21%) |
| Aug 29, 2025 | 4 | -0.26 (-6.21%) |
| Sep 5, 2025 | 1.5 | -2.76 (-64.83%) |
| Sep 12, 2025 | 4 | -0.26 (-6.21%) |
| Sep 19, 2025 | 4.5 | 0.24 (5.51%) |
| Sep 26, 2025 | 4.5 | 0.24 (5.51%) |
| Oct 17, 2025 | 4.5 | 0.24 (5.51%) |
| Nov 21, 2025 | 4 | -0.26 (-6.21%) |
| Dec 19, 2025 | 7.5 | 3.24 (75.85%) |
| Jan 16, 2026 | 4.5 | 0.24 (5.51%) |
| Apr 17, 2026 | 4 | -0.26 (-6.21%) |
| Jan 15, 2027 | 4 | -0.26 (-6.21%) |