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NOK

Nokia Corporation SponsoredClose $13.01EOD only
Max Pain
$14.00
Next expiry Jul 2, 2026
Expected Move
±$0.95
7.3% from close
Price Gap
+0.99
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 26, 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 26, 2026 close
NOK Earnings Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow, pinning $12.5-$13 ahead of Jul 23 earnings. Heavy call buying, low put OI, net premium $12M call-heavy. Beat rate 60%.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +1 VIX 18
Most important: Unusual call volume $12.5/$13 near-term; put floor at $12.
📈Heavy call buying $12.5/$13; vol/OI>5.
⚠️Net premium $12M call-heavy; miss risk.

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 50,344 (7.9% below spot)

Earnings Overview

Next earnings: 2026-07-23 (24 days)explicit

Expected moves:

  • 2026-07-02 (3d): ±$0.76 (5.9%)
  • 2026-07-10 (11d): ±$1.32 (10.1%)
  • 2026-07-17 (18d): ±$1.71 (13.2%)

IV Setup

Term structure: Elevated near-term for event; back end <70%.

Crush estimate: High post-earnings crush ~5-10 pts.

Skew: Call skew high; put flat.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Avg swing ~6.3% vs expected 6-8%.

Directional bias: Slight upside bias; 60% beat.

Key Levels

1$12.00 gamma flip
2EM guardrails: 2d $12.26/$13.79
3Max pain pins: $14 (2026-07-02); $14 (2026-07-10); $13 (2026-07-17)

Flow Highlights

Heavy call buying $12.5/$13 Jul2/10; vol/OI >5.

Bullish positioning ahead of earnings.

Strategies

Bull Call on Strong Call Flow
Buy 2026-07-24 $14.00/$16.50 call spread
Debit: $0.45-$0.54
Max loss: $0.54
Max gain: $1.96
BE: $14.54
Trigger: Exit near expiration or if stock drops below $12 invalidation.
Best aligns with heavy call buying and 60% beat rate; limited risk with upside capture.
Outperforms: Buy $14/$16.5 call spread to profit from moderate earnings upside.
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor on Pin
Sell 2026-07-24 $12.00/$11.50 put wing and $13.50/$14.50 call wing
Credit: $0.52-$0.64
Max loss: $0.36
Max gain: $0.64
BE: 11.36 / 14.14
Trigger: Close before earnings to avoid gap risk; set stop at $12 break. Liquidity warning: Liquidity constraints: long_put: Wide spread (52%).
Pinning $12.5-$13 suggests range-bound move; IV crush favors short premium.
Outperforms: Sell $12/$11.5 put wing and $13.5/$14.5 call wing for premium decay.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle for Outlier
Buy 2026-08-21 $12.00 put + buy $16.00 call
Debit: $1.59-$1.95
Max loss: $1.95
Max gain: Unlimited
BE: 10.05 / 17.95
Trigger: Manage gamma; consider early exit post-earnings.
Captures large moves but expensive premium and high crush risk.
Outperforms: Buy $12 put and $16 call for outsized directional move.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Earnings event high IV.
!Gamma flip $12 support.
!Crowded call trade risk.

What to Watch

?$12 support vs $13.5 resistance.
?Gamma flip near $12.
?Earnings guidance.
How to Use These Reports
This earnings reflects the market close on June 29, 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.