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NOK

Nokia Corporation SponsoredClose $13.85EOD only
Max Pain
$15.00
Next expiry Jun 12, 2026
Expected Move
±$1.02
7.4% from close
Price Gap
+1.15
Distance to max pain
IV Rank
85
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 9, 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 9, 2026 close
NOK Earnings Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOK earnings 44d out, beat rate 60%. Flow bullish: $30M net premium, put/call vol ratio 0.28. Spot $13.84 below max pain $15. IV elevated with large expected moves.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.7% from MP; +0.5 VIX 20
Most important: Call OI wall $15-$20 suggests upside targets; high IV requires careful sizing.
🟢Bullish flow: $30M net premium, put/call vol ratio 0.28.
🟡Unusual put volume at $9-$12.5 suggests tail hedging.
⚠️IV elevated (VIX 20) inflates option premiums.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (44 days)explicit

Expected moves:

  • 2026-06-12 (3d): ±$1.02 (7.4%)
  • 2026-06-18 (9d): ±$1.46 (10.6%)
  • 2026-06-26 (17d): ±$1.93 (13.9%)

IV Setup

Term structure: Front-end elevated: 3d ±7.4%, 9d ±10.6%, 17d ±13.9%. Backwardation likely.

Crush estimate: Moderate post-earnings crush, 44d out allows time decay.

Skew: Put skew steep below $12; call activity heavy at $14-$15.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: 60% beat rate, but avg move relative to expected not available.

Directional bias: Slight bullish from beat rate; neutral overall.

Key Levels

1EM guardrails: 2d $12.83/$14.87; 1w $12.39/$15.32
2Max pain pins: $15 (2026-06-12); $14 (2026-06-18); $15 (2026-06-26)

Flow Highlights

Unusual call buying at $14/$14.5 strikes expiring 2026-06-12 (vol/OI >2.5).

Aggressive bullish positioning ahead of near-term gamma.

Puts volume dominated at low strikes ($9-$12.5), likely hedging.

Downside protection, not directional.

Strategies

NOK Iron Condor
Sell 2026-06-26 $13.50/$13.00 put wing and $15.00/$16.00 call wing
Credit: $0.42-$0.52
Max loss: $0.48
Max gain: $0.52
BE: 12.98 / 15.52
Trigger: Close at 50% max gain or if spot breaches $13 or $15.
Only eligible candidate; neutral bias, high IV favors premium sale, call OI wall at $15 caps upside.
Outperforms: Sell $13.50/$13 put and $15/$16 call spread, collect ~$0.50 credit.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Gamma pin risk at $15 max pain for 6/12 and 6/26.
!High VIX (20) amplifies moves.
!Spot 7.7% below max pain, potential upward drift.
!44d to earnings allows theta decay but IV high.

What to Watch

?Earnings 2026-07-23; watch IV contraction post-event.
?Monitor call OI build at $15 and $20.
?Gamma flip if spot moves above $15.
How to Use These Reports
This earnings reflects the market close on June 9, 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.