Follow SK hynix's earnings
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老腊肉-kevin
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SK Hynix reports earnings tonight—and has the options market already voted with real money?
Folks, SK Hynix reports its Q3 results after the U.S. market closes tonight. The conference call is at 9 a.m. tomorrow in Korea. This stock isn’t about betting on earnings anymore—it’s about betting on the dividend.
There’s just one thing the market cares about most: whether that 16 trillion won special dividend is happening. The company says it’s “not yet confirmed,” but it has put in writing that it will announce an additional shareholder return plan after the board meeting on the 28th.
The 40 trillion won buyback was already completed ahead of schedule. Now the company is sitting on proceeds from selling its stake in Kioxia, and market expectations are sky-high. Earnings themselves? Revenue is expected to hit 99 trillion won, more than tripling year over year—but the company missed expectations in Q2, so nobody’s willing to make any guarantees this time.
How is the options market positioning? Bullish, but restrained.
Last week, traders collected premium on $1.49 million worth of 190/150 Bull Put Spreads, while $480,000 went into 200–225 Bull Call Spreads. The Put/Call ratio is 0.48, well below the usual 0.74, with calls clearly in the lead. But don’t get carried away—the options market is pricing in an 8.58% post-earnings move. Both bulls and bears are betting on the direction; this isn’t a one-way giveaway.
My take: the current price is 142.62, nearly half its 52-week high.
Options traders are betting it will “hold 140 and test 200,” but that hinges on the dividend plan not disappointing. An earnings beat would be icing on the cake; a weaker-than-expected dividend would be the real problem. Tonight, the key thing to watch isn’t the revenue figure—it’s the exact words about shareholder returns on the conference call. $SKHY $SKHYNIX $KORU
Folks, SK Hynix reports its Q3 results after the U.S. market closes tonight. The conference call is at 9 a.m. tomorrow in Korea. This stock isn’t about betting on earnings anymore—it’s about betting on the dividend.
There’s just one thing the market cares about most: whether that 16 trillion won special dividend is happening. The company says it’s “not yet confirmed,” but it has put in writing that it will announce an additional shareholder return plan after the board meeting on the 28th.
The 40 trillion won buyback was already completed ahead of schedule. Now the company is sitting on proceeds from selling its stake in Kioxia, and market expectations are sky-high. Earnings themselves? Revenue is expected to hit 99 trillion won, more than tripling year over year—but the company missed expectations in Q2, so nobody’s willing to make any guarantees this time.
How is the options market positioning? Bullish, but restrained.
Last week, traders collected premium on $1.49 million worth of 190/150 Bull Put Spreads, while $480,000 went into 200–225 Bull Call Spreads. The Put/Call ratio is 0.48, well below the usual 0.74, with calls clearly in the lead. But don’t get carried away—the options market is pricing in an 8.58% post-earnings move. Both bulls and bears are betting on the direction; this isn’t a one-way giveaway.
My take: the current price is 142.62, nearly half its 52-week high.
Options traders are betting it will “hold 140 and test 200,” but that hinges on the dividend plan not disappointing. An earnings beat would be icing on the cake; a weaker-than-expected dividend would be the real problem. Tonight, the key thing to watch isn’t the revenue figure—it’s the exact words about shareholder returns on the conference call. $SKHY $SKHYNIX $KORU
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