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NOK

Nokia Corporation SponsoredClose $14.82EOD only
Max Pain
$13.50
Next expiry Jun 18, 2026
Expected Move
±$1.00
6.7% from close
Price Gap
-1.32
Distance to max pain
IV Rank
94
High premium
P/C OI
0.33
Slightly call-heavy
Consensus
5.5/10
Consensus signal
Published snapshot: Jun 15, 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 15, 2026 close
NOK Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOK earnings in 37 days; strong bullish flow and gamma pinning at $14 support a favorable setup, but long duration adds uncertainty.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +1 VIX 16
Most important: Heavy call buying and max pain pin near spot suggest upward bias, but earnings event is far out.
📈Call buying surge at $14.5 (19105 vol, 73.8 IV) suggests expected move higher.
⚠️Deep ITM calls ($2 strike) with extreme IV may indicate repositioning.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (37 days)explicit

Expected moves:

  • 2026-06-18 (2d): ±$0.76 (5.4%)
  • 2026-06-26 (10d): ±$1.44 (10.3%)
  • 2026-07-02 (16d): ±$1.82 (13.0%)

IV Setup

Term structure: Upward sloping; near-term IV low, longer-dated IV elevated.

Crush estimate: Moderate crush post-earnings; current IV not elevated.

Skew: Call skew elevated; put skew flat.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Historical move near expected.

Directional bias: Slightly bullish (60% beat rate).

Key Levels

1EM guardrails: 2d $13.22/$14.74; 1w $12.54/$15.41
2Max pain pins: $14 (2026-06-18); $14 (2026-06-26); $15 (2026-07-02)

Flow Highlights

Unusual call buying across multiple expirations, notably $14.5 and deep ITM calls.

Bullish sentiment; possibly covering short positions or betting on upside.

Put/call volume ratio 0.33, OI ratio 0.33.

Strong call demand relative to puts; flow supportive of upside.

Strategies

Bull Call Spread
Buy 2026-07-24 $14.00/$15.00 call spread
Debit: $0.39-$0.48
Max loss: $0.48
Max gain: $0.52
BE: $14.48
Trigger: Exit at 50% max gain or if spot breaks $12.16 invalidation.
Best risk/reward with liquidity; heavy call flow and max pain near $14 support upside.
Outperforms: Buy $14/$15 call spread for defined bullish exposure.
Underperforms: Loss of support weakens upside continuation thesis.
Short Strangle
Sell 2026-07-24 $12.00 put + sell $17.50 call
Credit: $1.12-$1.36
Max loss: Unlimited
Max gain: $1.36
BE: 10.64 / 18.86
Trigger: Manage at 2x credit collected or if spot approaches strikes. Liquidity warning: Liquidity constraints: short_call: Wide spread (57%).
Captures time decay and expected vol crush; heavy call flow limits downside.
Outperforms: Sell $12 put and $17.50 call for premium collection.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Iron Condor
Sell 2026-07-24 $12.00/$10.50 put wing and $19.00/$19.50 call wing
Credit: $0.30-$0.36
Max loss: $1.14
Max gain: $0.36
BE: 11.64 / 19.36
Trigger: Close at 50% of max gain or if wings tested. Liquidity warning: Liquidity constraints: long_put: Wide spread (133%).; short_call: Wide spread (153%).; long_call: Wide spread (51%).
Limits tail risk while benefiting from vol contraction; suitable for neutral bias.
Outperforms: Sell $12/$10.50 put wing and $19/$19.50 call wing.
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-07-24 $14.50 put + buy $14.50 call
Debit: $3.00-$3.66
Max loss: $3.66
Max gain: Unlimited
BE: 10.84 / 18.16
Expected move moderate; placeholder for volatility.
Outperforms: Capture large move; intent-only placeholder.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Long time to earnings; event risk and time decay are significant.
!Potential for sharp IV contraction if no catalyst materializes.
!Call OI wall at $15-$20 may cap upside if stock approaches.

What to Watch

?Spot price relative to $14 max pain pin.
?Volume in $14.5 and $15 calls for signs of profit-taking.
?Earnings date confirmation and any pre-announcements.
How to Use These Reports
This earnings reflects the market close on June 16, 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.