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NOK

Nokia Corporation SponsoredClose $13.98EOD only
Max Pain
$14.00
Next expiry Jun 26, 2026
Expected Move
±$0.54
3.9% from close
Price Gap
+0.02
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
NOK Earnings Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NKE earnings ~27 days out; expected move 7.3% 1w. Historical beat rate 60%. Bullish flow with heavy call buying.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.1% from MP; +0.5 VIX 18
Most important: Call OI wall $14-$19 suggests upside bias; spot $13.03 near put floor.
📊Over 75% OI is calls; bullish positioning.
⚠️Spot near lower EM guardrail ($12.06).

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 50,086 (7.8% below spot)

Earnings Overview

Next earnings: 2026-07-23 (27 days)explicit

Expected moves:

  • 2026-07-02 (6d): ±$0.96 (7.3%)
  • 2026-07-10 (14d): ±$1.43 (11.0%)
  • 2026-07-17 (21d): ±$1.84 (14.1%)

IV Setup

Term structure: 1w IV ~66%; term structure rising into event.

Crush estimate: Post-earnings IV crush >50% likely.

Skew: Put skew elevated on deep OTM puts; call skew flat.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: N/A

Directional bias: Slight bullish (60% beat rate)

Key Levels

1$12.00 gamma flip
2EM guardrails: 1w $12.06/$13.97
3Max pain pins: $14 (2026-06-26); $14 (2026-07-02); $14 (2026-07-10)

Flow Highlights

Unusual 12,271 vol on 6/26 $13C vs 2,119 OI.

Aggressive short-dated call buying.

Deep OTM $8P exp 7/17 with 14k vol.

Hedging or put selling.

Strategies

NOK Call Calendar
Sell 2026-07-24 $14.00 call / buy 2026-07-31 $14.00 call
Debit: $0.06-$0.08
Max loss: $0.08
Max gain: Variable
BE: Path-dependent
Trigger: Exit at expiry or if spot <$12 invalidation
Captures post-earnings IV crush >50% with rising term structure; slight bullish bias supports upside
Outperforms: Sell 2026-07-24 $14 call, buy 2026-07-31 $14 call to profit from IV decay
Underperforms: Loss of support or adverse vol term shift weakens thesis.
NOK Call Calendar (Alt)
Sell 2026-07-24 $14.00 call / buy 2026-07-31 $14.00 call
Debit: $0.06-$0.08
Max loss: $0.08
Max gain: Variable
BE: Path-dependent
Trigger: Exit at expiry or if spot <$12 invalidation
Uses a higher strike ($14.5) on both legs to exploit steeper call skew while maintaining same IV decay edge
Outperforms: Sell 2026-07-24 $14.5 call, buy 2026-07-31 $14.5 call to capitalize on skew premium
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!High IV makes long options expensive.
!Spot below max pain ($14) could pin.
!Market weakness (SPY -0.72%, QQQ -1.38%) weighs.

What to Watch

?Spot vs $13 support and $14 resistance.
?Gamma flip around $12.
How to Use These Reports
This earnings reflects the market close on June 26, 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.