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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish call flow and pinning at $14; high IV supports large moves. 60% beat rate adds confidence.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.8% from MP; +1 VIX 16
Most important: Heavy call buying across expirations and low put/call ratios suggest bullish positioning before earnings.
📈Bullish flow: $23.3M net premium, put/call vol ratio 0.24.
⚠️IV elevated; crush potential post-earnings.
📊60% historical beat rate; slight bullish bias.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$14.00 — Approx — based on put OI concentration of 56,286 (5.5% below spot)

Earnings Overview

Next earnings: 2026-07-23 (38 days)explicit

Expected moves:

  • 2026-06-18 (3d): ±$1.00 (6.7%)
  • 2026-06-26 (11d): ±$1.66 (11.2%)
  • 2026-07-02 (17d): ±$2.04 (13.8%)

IV Setup

Term structure: Near-term elevated (3d ±6.7%), longer-term rising; skew flat, calls dominating.

Crush estimate: Post-earnings crush ~50-60% based on 17d to 3d implied move compression.

Skew: Put skew suppressed; call OI wall at $17-$20.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Historical moves average near expected moves.

Directional bias: Slight bullish bias from recent flow and 60% beat rate.

Key Levels

1$14.00 gamma flip
2EM guardrails: 2d $13.82/$15.81
3Max pain pins: $14 (2026-06-18); $14 (2026-06-26); $15 (2026-07-02)

Flow Highlights

Unusual call volume on 2026-07-31 $14.50 Call (vol/oi 5.9) and $15.00 Call (vol/oi 2.1).

Aggressive long call positioning targeting $14.50-$15.00 by July expiry.

Heavy call buying across 2026-06-18 $14.50 and 2026-07-31 strikes.

Consistent bullish sentiment; $14 put floor and $17-$20 call wall indicate range.

Strategies

NOK Earnings Strangle
Buy 2026-07-24 $13.00 put + buy $19.50 call
Debit: $1.17-$1.43
Max loss: $1.43
Max gain: Unlimited
BE: 11.57 / 20.93
Trigger: Exit before earnings or adjust if IV expands. Liquidity warning: Liquidity constraints: long_call: Wide spread (99%).
Only eligible candidate; fits high IV and 60% beat rate.
Outperforms: Long strangle buying $13 put and $19.50 call to capture large move.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Earnings in 38 days; IV may compress before event.
!Call OI wall at $17-$20 could cap upside if not broken.
!High IV implies large swings; position sizing critical.

What to Watch

?Pinning behavior around $14 max pain.
?Call volume on $15-$17 strikes for momentum.
?Opening drift relative to $14 key level.
How to Use These Reports
This earnings reflects the market close on June 15, 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.