Capture the volatile moves in NIO (9866.HK) ahead of tonight’s earnings
• Shares of NIO (9866.HK) are down 3.0% as of the lunch break, paring yesterday’s gains of 5.8%. The volatile moves in the underlying came as the company is set to release its second quarter earnings tonight.
• According to options data compiled by Bloomberg, NIO shares may move approximately 10% after the company reports earnings. In two out of the past eight earnings, the company's stock price moved more after the announcement than implied by the options.
• Investors who wish to gain leveraged exposure to NIO, may do so via our call warrant, NIO-C10. This warrant currently trades at a bid/ask price of RM0.065/0.070, and has an effective gearing of 3.4%, meaning it tends to move 3.4% for every 1% change in the underlying.
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Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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