NOK Options Chain Analysis

As of previous close (2026-10-06) · OPRA historical data

Spot $10.98 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.38

858k P / 2.3M C

Put/Call (Volume)

0.22

40k P / 182k C that session

30d ATM IV

67%

annualized implied move

Call wall

$20

245k contracts

Put wall

$10

148k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.38 puts per call outstanding.
●Call wall at $20 (245k contracts), 82% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (148k contracts), 9% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.9× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 67% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-11-06. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	33k	17k	0.52	50k
2026-10-16	308k	162k	0.53	53k
2026-10-23	19k	15k	0.78	21k
2026-10-30	24k	6k	0.23	17k
2026-11-06	4k	949	0.22	5k
2026-11-13	106	121	1.14	661
2026-11-20	149k	67k	0.45	15k
2026-12-18	424k	125k	0.30	12k
2027-01-15	688k	217k	0.32	29k
2027-03-19	62k	51k	0.82	3k
2027-04-16	23k	9k	0.39	311
2027-06-17	164k	90k	0.55	2k
2027-12-17	68k	10k	0.15	5k
2028-01-21	256k	70k	0.27	3k
2028-06-16	19k	3k	0.17	4k
2028-12-15	29k	14k	0.49	1k
2029-01-19	3k	2k	0.60	638

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.