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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow and gamma pinning at $14, but elevated IV and 31 days to earnings warrant caution.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +1 VIX 17
Most important: $14 max pain and heavy call OI at $14.5-$15 suggest pinning, but resistance at $15 from call wall.
📈Heavy call flow at $14.5 and $15 strikes signals bullish positioning.
📌Max pain $14 and spot $14.76 suggest pinning risk ahead of earnings.
🛡️Put floor at $12 provides strong support; $10.5 put unusual but low volume.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$12.00 — Approx — based on put OI concentration of 46,249 (16.8% below spot)

Earnings Overview

Next earnings: 2026-07-23 (31 days)explicit

Expected moves:

  • 2026-06-26 (4d): ±$1.16 (8.0%)
  • 2026-07-02 (10d): ±$1.64 (11.4%)
  • 2026-07-10 (18d): ±$2.09 (14.5%)

IV Setup

Term structure: Upward sloping: Jul 26 expiry IV 15%, near-term 4d 8%, 10d 11.4%, 18d 14.5%.

Crush estimate: Post-earnings IV crush likely 30-50% based on historical moves and elevated pre-event IV.

Skew: Call skew dominates; put/call volume ratio 0.26, OI ratio 0.31, indicating bullish positioning.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Historical avg move vs implied: ~8% actual vs 14% IV, suggesting premium pricing.

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

Key Levels

1$12.00 gamma flip
2EM guardrails: 1w $12.79/$16.08
3Max pain pins: $14 (2026-06-26); $14 (2026-07-02); $14 (2026-07-10)

Flow Highlights

Multiple high volume/ OI ratio call prints at $14.5 and $15 strikes across expirations.

Aggressive call buying anticipating upside, possibly hedging or speculative.

Put floor at $12 with significant OI; $10.5 put unusual print with vol/OI 15.7x.

Downside protection but low conviction; $12 support likely holds.

Strategies

Iron Condor - Earnings Range Bound
Sell 2026-07-24 $14.00/$13.00 put wing and $15.00/$16.00 call wing
Credit: $0.72-$0.88
Max loss: $0.12
Max gain: $0.88
BE: 13.12 / 15.88
Trigger: Exit before earnings or at 50% max profit; stop loss if underlying breaks $13 or $16.
Only eligible candidate; elevated IV and $14 pinning favor short premium.
Outperforms: Sell 14/13 put spread and 15/16 call spread on 1-day expiry to capture IV crush.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!IV crush risk: pre-earnings IV high, crush may offset directional gains.
!Gamma pinning at $14: spot at $14.76 close to max pain, may drift lower.
!Earnings miss: beat rate only 60%, negative surprise could break support.

What to Watch

?Earnings date July 23; implied moves ±8-14.5% across expirations.
?Key $14 support and $15 resistance; call wall at $17-$21.
?Flow continuation: if call buying persists, bullish signal.
How to Use These Reports
This earnings reflects the market close on June 22, 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.