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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 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOK earnings 48 days out. High IV, bullish flow with heavy call buying, but spot below max pain. Historical beat rate 60%.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 22
Most important: Heavy call OI walls at $17-$20 and unusual call activity indicate bullish sentiment, but spot below MP and wide IV spreads caution.
🔔Heavy call OI wall $17-$20 suggests bullish long-term sentiment, but near-term pinned at $15 max pain.
⚠️Put/Call volume ratio 0.35 heavily skewed to calls, but many calls are cheap OTM bets.
📊Historical beat rate 60% (3/5) aligns with current bullish flow, but small sample.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$14.00 — Approx — based on put OI concentration of 53,406 (2.6% below spot)

Earnings Overview

Next earnings: 2026-07-23 (48 days)explicit

Expected moves:

  • 2026-06-12 (7d): ±$1.44 (10.0%)
  • 2026-06-18 (13d): ±$1.81 (12.6%)
  • 2026-06-26 (21d): ±$2.26 (15.8%)

IV Setup

Term structure: Steeply upward sloping, 7d IV 76%, 21d IV 86% from expected moves.

Crush estimate: Earnings far out; IV crush not immediate but current high vol likely persists.

Skew: Put IV elevated at lower strikes, call IV high at OTM; skewed bullish via put/call volume ratio 0.35.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Not computed due to insufficient data.

Directional bias: Slightly bullish based on 60% beat rate and bullish flow.

Key Levels

1$14.00 gamma flip
2EM guardrails: 1w $12.94/$15.82
3Max pain pins: $15 (2026-06-05); $16 (2026-06-12); $14 (2026-06-18)

Flow Highlights

Unusual $14.50 Call with 10,608 vol vs 1,727 OI (6.1x) on 2026-06-05 expiry, IV 15.6% (low).

Likely closing or rolling, not new bullish bet.

Unusual $16.00 Put with 15,288 vol vs 2,718 OI (5.6x) on 2026-06-18 expiry, IV 86.9%.

Hedging or bearish bet at high IV, possibly protective.

Strategies

Call Diagonal Bullish
Sell 2026-06-26 $16.00 call / buy 2026-07-17 $15.00 call
Debit: $0.69-$0.85
Max loss: $0.85
Max gain: Variable
BE: Path-dependent
Trigger: Invalidation at $14; adjust if broken.
Leverages bullish flow and upward IV term structure.
Outperforms: Buy $15 call, sell $16 call to profit from upside.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor Neutral
Sell 2026-07-17 $11.00/$10.00 put wing and $17.00/$18.00 call wing
Credit: $0.29-$0.36
Max loss: $0.64
Max gain: $0.36
BE: 10.64 / 17.36
Trigger: Alert at $13.50 and $16.50; roll if needed.
High IV; sell wings above $17 and below $11.
Outperforms: Sell $17/$18 call spread and $11/$10 put spread.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!High IV inflates option premiums, increasing cost of positioning.
!Spot well below max pain ($15) could pin lower if no catalyst.
!Earnings 48 days away; near-term moves may not reflect earnings.
!Market context negative (SPY -2.6%, QQQ -4.8%) may weigh.

What to Watch

?Spot price action around $14 support and $15 resistance.
?Unusual option activity, especially large blocks near $14.50 and $16.
?Gamma flip level at approx $14.36 from put OI concentration.
?Broader tech/semiconductor sentiment due to QQQ weakness.
How to Use These Reports
This earnings reflects the market close on June 5, 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.