Nokia (NOK)
NYSE: NOK
· Real-Time Price · USD
4.21
0.08 (1.94%)
At close: Aug 15, 2025, 3:59 PM
4.19
-0.48%
After-hours: Aug 15, 2025, 07:58 PM EDT
NOK Delta Exposure By Expiry
The total Delta Exposure (DEX) for NOK across all expirations shows 80,505.78 net shares that market makers must hedge, with 172,483.59 from calls and 91,977.81 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 42,421.73 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
NOK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 1,429.29 | -275.84 | 1,153.45 | 0.19 |
| Aug 29, 25 | 1,057.24 | -253.15 | 804.09 | 0.24 |
| Sep 5, 25 | 201.79 | -22.42 | 179.37 | 0.11 |
| Sep 12, 25 | 128.87 | -93.06 | 35.81 | 0.72 |
| Sep 19, 25 | 10,314.04 | -7,270.8 | 3,043.24 | 0.70 |
| Sep 26, 25 | 70.78 | 0 | 70.78 | 0.00 |
| Oct 17, 25 | 13,422.76 | -7,327.18 | 6,095.58 | 0.55 |
| Nov 21, 25 | 176.11 | -74.82 | 101.29 | 0.42 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 84,846.29 | -58,245.85 | 26,600.44 | 0.69 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 60,836.42 | -18,414.69 | 42,421.73 | 0.30 |