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NOK

Nokia Corporation SponsoredClose $16.62EOD only
Max Pain
$15.00
Next expiry Jun 5, 2026
Expected Move
±$0.62
3.7% from close
Price Gap
-1.62
Distance to max pain
IV Rank
97
High premium
P/C OI
0.31
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 4, 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 4, 2026 close
NOK Earnings Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Nokia earnings 49 days out; strong bullish flow and pinning at $16 near-term; expect high IV but crush post-event.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.8% from MP; +1 VIX 15
Most important: Heavy call buying in deep OTM strikes suggests speculative upside bets; watch resist $17 and support $15.
🔥Unusual call volume at $16.50 and $27 strikes suggests bullish bets.
⚠️IV elevated; crush post-earnings could hurt longs.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-07-23 (49 days)explicit

Expected moves:

  • 2026-06-05 (1d): ±$0.62 (3.7%)
  • 2026-06-12 (8d): ±$1.67 (10.0%)
  • 2026-06-18 (14d): ±$2.14 (12.8%)

IV Setup

Term structure: Upward sloping; near-term IV elevated due to earnings uncertainty.

Crush estimate: Significant crush expected post-earnings; could drop 20-30%.

Skew: Call skew elevated; heavy call OI at $16 and $19-$21.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Not available; beat rate 60%.

Directional bias: Historically neutral; current flow bullish.

Key Levels

1EM guardrails: 2d $16.00/$17.24; 1w $14.95/$18.29
2Max pain pins: $15 (2026-06-05); $16 (2026-06-12); $14 (2026-06-18)

Flow Highlights

Unusual call volumes at $4,$16.50,$18,$27 strikes.

Speculative upside bets or hedging.

Put/call OI ratio 0.31 bullish sentiment.

Market expects upside; low put activity.

Strategies

Bullish Diagonal
Sell 2026-06-12 $18.00 call / buy 2026-06-18 $17.00 call
Debit: $0.52-$0.64
Max loss: $0.64
Max gain: Variable
BE: Path-dependent
Trigger: Close before earnings or if spot < $15.
Liquidity pass, upward term structure, profits from decay with upside.
Outperforms: Sell near call, buy further call; captures IV premium with defined risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Bounded Iron Condor
Sell 2026-06-12 $15.00/$14.00 put wing and $18.50/$19.50 call wing
Credit: $0.25-$0.31
Max loss: $0.69
Max gain: $0.31
BE: 14.69 / 18.81
Trigger: Close if spot approaches wings. Liquidity warning: Liquidity constraints: short_call: Wide spread (90%).; long_call: Wide spread (89%).
Defined risk, captures IV premium, safer than strangle.
Outperforms: Sell OTM put and call wings for credit, limited loss.
Underperforms: Move outside short strikes invalidates range thesis.
High Premium Short Strangle
Sell 2026-06-12 $15.00 put + sell $18.50 call
Credit: $0.56-$0.69
Max loss: Unlimited
Max gain: $0.69
BE: 14.31 / 19.19
Trigger: Monitor closely; close before earnings due to crush. Liquidity warning: Liquidity constraints: short_call: Wide spread (90%).
Highest premium but unlimited risk, low liquidity.
Outperforms: Sell put and call to collect high IV premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!IV crush severe despite long timeframe.
!Spot pinned near $16 max pain; risk sharp move.
!Deep OTM calls suggest tail event risk.

What to Watch

?Reaction to $15 support and $17 resistance.
?Max pain for weekly expirations.
?Earnings July 23; monitor IV changes.
?Large call OI $19-$21 resistance zone.
How to Use These Reports
This earnings reflects the market close on June 4, 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.