Nio Singapore - seeing volatile moves ahead of tonight's earnings
Nio Singapore shares are down 2.8% this morning as of 1009AM, backpedalling on half of its 5.1% gains yesterday. The company reports its second quarter earnings tonight.
Just last week on 30 August, the stock had surged 11.3% - its biggest gains in 3 months, alongside the broad rebound amongst EV names as investors deemed the EV selldown as excessive (Bloomberg)
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. (See accompanying Bloomberg image)
Just last week on 30 August, the stock had surged 11.3% - its biggest gains in 3 months, alongside the broad rebound amongst EV names as investors deemed the EV selldown as excessive (Bloomberg)
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. (See accompanying Bloomberg image)
Investors keen on gaining bullish, leveraged exposure to Nio shares leading up to or on the back of its earnings result tonight may wish to consider the Nio call warrants $NIO MBeCW241120 (YRKW.SG)$ (Live matrix | Singapore Warrants | Macquarie) or $NIO MBeCW250226 (QMPW.SG)$ (Live matrix | Singapore Warrants | Macquarie)
– Click on the above links to see how the warrants move alongside Nio shares during the day.
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Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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