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NOK

Nokia Corporation SponsoredClose $13.98EOD only
Max Pain
$14.00
Next expiry Jun 18, 2026
Expected Move
±$0.76
5.4% from close
Price Gap
+0.02
Distance to max pain
IV Rank
98
High premium
P/C OI
0.33
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
NOK Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOK earnings July 23; bullish flow and positive GEX, but elevated near-term IV and put hedges. Beat rate 60%.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.2% from MP; +0.5 VIX 18
Most important: Bullish flow and max pain $14, but deep OTM put buying signals hedging.
📈Large call buying at $13.50 (5.8x OI) signals bullish conviction
⚠️Deep OTM put volume at $16.50-$18 reflects hedging or tail risk
🔄Backwardated term structure implies near-term uncertainty, not earnings-driven

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (36 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$0.51 (3.7%)
  • 2026-06-26 (9d): ±$1.24 (9.0%)
  • 2026-07-02 (15d): ±$1.66 (12.0%)

IV Setup

Term structure: Backwardated: front-month ~71% IV declining to ~57% by 15d

Crush estimate: Not applicable to pre-earnings expirations; post-earnings crush likely >30%

Skew: Put skew elevated at deep OTM strikes ($16-18) with high IV

Historical Context

Beat rate: 60% (3/5 quarters)

Directional bias: Bullish tilt from flow, but 60% beat rate not decisive

Key Levels

1EM guardrails: 2d $13.32/$14.34; 1w $12.59/$15.07
2Max pain pins: $14 (2026-06-18); $14 (2026-06-26); $14 (2026-07-02)

Flow Highlights

Large unusual call volume at $13.50 (2772 vol, 5.8x OI) and $34 (7239 vol, 3.4x OI)

Speculative bullish bets; $34 call extremely OTM suggests long-shot upside play

Heavy put volume at $16.50 (7891 vol) and $17 (7502 vol) on June 18

Hedging or bearish bet on near-term decline despite low delta

Strategies

Earnings Iron Condor
Sell 2026-07-24 $12.50/$12.00 put wing and $15.50/$16.00 call wing
Credit: $0.25-$0.30
Max loss: $0.20
Max gain: $0.30
BE: 12.20 / 15.80
Trigger: Close at 50% max gain or prior to earnings
Best suited to capture IV crush with defined risk
Outperforms: Sell wings to profit from post-earnings volatility collapse
Underperforms: Move outside short strikes invalidates range thesis.
Call Calendar
Sell 2026-07-02 $14.00 call / buy 2026-07-24 $14.00 call
Debit: $0.56-$0.68
Max loss: $0.68
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock breaks $14 support
Front-month IV inflation offers premium decay
Outperforms: Sell short-term call, buy longer-term to benefit from crush
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Deep OTM put buying near expiry suggests downside hedging despite bullish flow
!Call OI wall at $15-$20 may cap upside momentum

What to Watch

?Spot action around $14 resistance and $12.50 support
?Unusual call volume persistence in $13.50 and $34 strikes
How to Use These Reports
This earnings reflects the market close on June 17, 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.