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NOK

Nokia Corporation SponsoredClose $14.43EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$1.16
8.0% from close
Price Gap
-0.43
Distance to max pain
IV Rank
56
Middle-high premium
P/C OI
0.31
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
NOK Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow with max pain pinning at $14, strong call buying, moderate beat rate, market headwinds.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19
Most important: Heavy call accumulation at $13-13.5 strikes aligns with upside bias; spot must hold above $12 support.
📈Call OI wall $15-$20 caps upside; $14 max pain acts as magnet.
⚠️Deep OTM $7 put volume (7k) suggests hedging, not bearish bet.
🛡️Put floor at $12 provides support; 48k put OI below spot.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$12.00 — Approx — based on put OI concentration of 48,302 (12.4% below spot)

Earnings Overview

Next earnings: 2026-07-23 (30 days)explicit

Expected moves:

  • 2026-06-26 (3d): ±$0.93 (6.8%)
  • 2026-07-02 (9d): ±$1.38 (10.1%)
  • 2026-07-10 (17d): ±$1.79 (13.1%)

IV Setup

Term structure: Short-dated IV elevated (6.8% in 3d); not steep.

Crush estimate: ~50%+ IV crush expected post-earnings (30d out).

Skew: Put skew elevated; deep OTM puts traded.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: 60% beat rate; avg move near implied (6-8%).

Directional bias: Slightly bullish from flow, but historically neutral.

Key Levels

1$12.00 gamma flip
2EM guardrails: 2d $12.77/$14.63; 1w $12.32/$15.08
3Max pain pins: $14 (2026-06-26); $14 (2026-07-02); $14 (2026-07-10)

Flow Highlights

603x $13 Nov calls at 4.4x OI, IV 80.8%

Aggressive long call positioning into earnings.

1,106x $13.5 Jul 10 calls at 2.1x OI

Near-term bullish bets targeting $14 max pain.

Strategies

Bull Call Spread
Buy 2026-07-24 $14.00/$15.00 call spread
Debit: $0.35-$0.43
Max loss: $0.43
Max gain: $0.57
BE: $14.43
Trigger: Exit if spot breaks $12 support.
Defined risk, aligns with bullish flow, avoids IV crush.
Outperforms: Upside bias with limited downside.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-07-24 $13.00 put + buy $15.00 call
Debit: $1.76-$2.15
Max loss: $2.15
Max gain: Unlimited
BE: 10.85 / 17.15
Trigger: Target 50% of max gain; close if IV rises pre-earnings.
Lower premium than straddle, profits from large move.
Outperforms: Cheap vega play for explosive earnings move.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-07-24 $14.00 put + buy $14.00 call
Debit: $2.54-$3.10
Max loss: $3.10
Max gain: Unlimited
BE: 10.90 / 17.10
Trigger: Consider closing within 3 days to mitigate crush.
Highest potential payoff but high premium and crush risk.
Outperforms: Neutral vega play expecting volatility expansion.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!High IV premium and crush risk.
!Market weakness (SPY/QQQ down).
!Put floor at $12 may break on selloff.
!Gap risk to $11.9 support.

What to Watch

?Spot vs $14 max pain.
?Additional call OI buildup.
?VIX and market correlation.
How to Use These Reports
This earnings reflects the market close on June 23, 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.