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NOK

Nokia Corporation SponsoredClose $14.80EOD only
Max Pain
$13.50
Next expiry Jun 18, 2026
Expected Move
±$1.21
8.2% from close
Price Gap
-1.30
Distance to max pain
IV Rank
95
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
NOK Earnings Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer earnings report is available for June 12, 2026.

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Earnings Verdict

NOK has bullish flow with heavy call accumulation ahead of earnings, but spot sits below max pain at $15. Historical beat rate 60% supports upside bias.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.1% from MP; +0.5 VIX 19
Most important: Unusual call volume at $14 strike and deep OTM leaps suggest speculative bullish positioning; earnings 42 days out provides runway.
📈Bulk of unusual call flow at $14 (weekly) suggests bull trap or gamma squeeze setup.
⚠️Deep OTM $34 calls (Dec) with IV >90% highly speculative; low probability but high risk.

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 55,562 (0.6% below spot)

Earnings Overview

Next earnings: 2026-07-23 (42 days)explicit

Expected moves:

  • 2026-06-12 (1d): ±$0.59 (4.2%)
  • 2026-06-18 (7d): ±$1.24 (8.8%)
  • 2026-06-26 (15d): ±$1.73 (12.2%)

IV Setup

Term structure: Upward sloping; 1d IV at 4.2% move, 7d at 8.8%, 15d at 12.2%.

Crush estimate: Moderate crush post-earnings; current IV not extreme given duration.

Skew: Call skew bullish; put IV elevated on deep OTM strikes (e.g., $17.5 put IV 223% indicating hedging).

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Slightly larger than expected on average.

Directional bias: Neutral with mild bullish tilt from flow.

Key Levels

1$14.00 gamma flip
2EM guardrails: 2d $13.50/$14.68; 1w $12.85/$15.33
3Max pain pins: $15 (2026-06-12); $14 (2026-06-18); $14 (2026-06-26)

Flow Highlights

Aggressive call buying at $14 and $14.5 weekly strikes; deep OTM $34 calls for Oct/Dec saw elevated volume.

Indicates strong bullish conviction or gamma play near max pain; long-dated speculation adds to upside bias.

Strategies

Iron Condor
Sell 2026-06-18 $14.00/$13.00 put wing and $15.00/$16.50 call wing
Credit: $0.51-$0.62
Max loss: $0.88
Max gain: $0.62
BE: 13.38 / 15.62
Trigger: Close at 50% profit or before earnings to avoid gap risk.
Neutral bias, pin action near max pain, upward term structure favors short vega.
Outperforms: Sell put spread $14/$13 and call spread $15/$16.50 to collect premium with defined risk.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-08-21 $13.00 put + buy $19.00 call
Debit: $1.94-$2.38
Max loss: $2.38
Max gain: Unlimited
BE: 10.62 / 21.38
Trigger: Sell non-earnings side to reduce cost if move materializes.
Bullish flow but pin risk reduces directional edge; long vega benefits from vol pop.
Outperforms: Buy $13 put and $19 call to profit from large move in either direction.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Spot 6.1% below max pain ($15) may pin price down near $14.
!Deep OTM call speculation could unwind if spot fails to rally.
!Earnings 42 days away reduces immediate catalyst pressure.

What to Watch

?Price action around $14 max pain and $15 resistance.
?Volume in weekly $14/$14.5 calls for gamma squeeze potential.
?VIX movement; elevated vol regime may persist.
How to Use These Reports
This earnings reflects the market close on June 11, 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.