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NOK

Nokia Corporation SponsoredClose $13.49EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$1.05
7.8% from close
Price Gap
+0.51
Distance to max pain
IV Rank
100
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
NOK Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NOK earnings setup with elevated IV, bullish flow bias, but high vol regime. Historical beat rate 60% but no clear edge. Key level $14 MP.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.1% from MP; +1 VIX 16
Most important: IV crush post-earnings likely significant; spot near max pain $14.
⚠️High IV 284% on deep OTM puts signals tail hedging.
📈Bullish flow with 0.42 put/call vol ratio.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (35 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$1.05 (7.8%)
  • 2026-07-02 (14d): ±$1.43 (10.6%)
  • 2026-07-10 (22d): ±$2.07 (15.3%)

IV Setup

Term structure: Contango, front-week 7.8% implied, back-week 15.3%.

Crush estimate: High crush expected; post-earnings IV may drop 30-40%.

Skew: Call OI wall $15-$20; put activity on $16.50 shows tail risk.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Not available, but implied move large.

Directional bias: Slightly bullish based on beat rate and flow.

Key Levels

1EM guardrails: 1w $12.44/$14.54
2Max pain pins: $14 (2026-06-18); $14 (2026-06-26); $14 (2026-07-02)

Flow Highlights

Unusual $16.50 put (7891 vol, 75.9x OI, IV 284%)

Indicates hedge for downside tail risk.

Heavy $14 call volume (16494 vol, 9208 OI)

Bet on upside towards max pain.

Strategies

Iron Condor on NOK
Sell 2026-07-24 $13.50/$13.00 put wing and $14.50/$15.00 call wing
Credit: $0.58-$0.70
Max loss: $0.00
Max gain: $0.70
BE: 12.80 / 15.20
Trigger: Monitor spot near $14; adjust if breakout above $14.50 or below $13.00.
Best suited for high IV crush environment; range-bound with max pain at $14.
Outperforms: Sells front-week wings to collect premium on expected IV contraction.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal on NOK
Sell 2026-07-17 $15.00 call / buy 2026-07-24 $14.00 call
Debit: $0.59-$0.72
Max loss: $0.72
Max gain: Variable
BE: Path-dependent
Trigger: Close if spot drops below invalidation $12.05.
Captures contango while maintaining upside exposure.
Outperforms: Sells near-term call, buys later-dated call for net credit.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!IV crush could erode premium quickly.
!Implied move may be overpriced given historical volatility.

What to Watch

?Price action relative to $14 max pain.
?Pre-earnings vol expansion or compression.
?Unusual flow continuation.
How to Use These Reports
This earnings reflects the market close on June 18, 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.