SK Hynix will report its third-quarter results before 8 a.m. tomorrow. This is the first of a six-part series on the stock: price action, the company, capital flows, news, charts, and finally, trading strategy.
First, let’s look at where it stands. Binance’s SKHY perpetual is trading around 147, up a little over 4% in the past 24 hours. It touched 148.75 at 9 a.m., then hovered between 144 and 147 in the afternoon. Twenty-four-hour trading volume is over $400 million.
The Korean market was even stronger today. Hynix closed up 5.18% at 1.341 million won, marking its first close above 1.3 million won in nine trading sessions.
The longer-term picture is less encouraging. The perpetual contract peaked at 199.64 on September 9, then fell to just above 130 on October 22—a drop of more than 30%. It has only recovered partway from that trough.
One more detail: by the time the results come out, regular U.S. trading will have closed. Perpetual contracts trade around the clock, so they may react first, alongside the Korean market open.
When the second-quarter results came out on July 29, the perpetual contract fell to 114 that day, then recovered to above 153 by the next day’s close. Don’t judge earnings-night volatility by ordinary standards.
In the next post, I’ll look at the company itself: its pace of earnings growth and its share price seem to exist in two different worlds.
Ahead of tomorrow morning’s results, will you hold your SKHY position overnight?
$SKHY #股票财报季
This is just my personal view and does not constitute investment advice.
First, let’s look at where it stands. Binance’s SKHY perpetual is trading around 147, up a little over 4% in the past 24 hours. It touched 148.75 at 9 a.m., then hovered between 144 and 147 in the afternoon. Twenty-four-hour trading volume is over $400 million.
The Korean market was even stronger today. Hynix closed up 5.18% at 1.341 million won, marking its first close above 1.3 million won in nine trading sessions.
The longer-term picture is less encouraging. The perpetual contract peaked at 199.64 on September 9, then fell to just above 130 on October 22—a drop of more than 30%. It has only recovered partway from that trough.
One more detail: by the time the results come out, regular U.S. trading will have closed. Perpetual contracts trade around the clock, so they may react first, alongside the Korean market open.
When the second-quarter results came out on July 29, the perpetual contract fell to 114 that day, then recovered to above 153 by the next day’s close. Don’t judge earnings-night volatility by ordinary standards.
In the next post, I’ll look at the company itself: its pace of earnings growth and its share price seem to exist in two different worlds.
Ahead of tomorrow morning’s results, will you hold your SKHY position overnight?
$SKHY #股票财报季
This is just my personal view and does not constitute investment advice.
