NOK Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $10.35 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.37

854k P / 2.3M C

Put/Call (Volume)

0.48

33k P / 69k C that session

30d ATM IV

66%

annualized implied move

Call wall

$20

264k contracts

Put wall

$10

136k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.37 puts per call outstanding.
●Call wall at $20 (264k contracts), 93% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (136k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.8× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 66% — 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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	39k	21k	0.55	25k
2026-10-09	19k	8k	0.41	13k
2026-10-16	304k	163k	0.54	7k
2026-10-23	16k	13k	0.85	3k
2026-10-30	11k	4k	0.37	2k
2026-11-06	1k	546	0.54	3k
2026-11-13	0	0	—	16
2026-11-20	149k	65k	0.44	6k
2026-12-18	422k	126k	0.30	3k
2027-01-15	701k	207k	0.29	31k
2027-03-19	62k	50k	0.82	1k
2027-04-16	22k	9k	0.39	113
2027-06-17	162k	88k	0.55	3k
2027-12-17	68k	10k	0.15	197
2028-01-21	257k	70k	0.27	3k
2028-06-16	19k	3k	0.17	39
2028-12-15	31k	14k	0.46	3k
2029-01-19	3k	1k	0.43	311

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.