Seeking AlphaCodex · 实盘不做把握 3/10
北京时间·🕒 发布 01:25:40时区推断·⟳ 抓取 01:29:32·⚡ 决策 07-28 01:30:09 +37s·91.7 天前
SK海力士美股上市后首份财报前，期权市场定价约10.9%双向波动
这只是财报前期权隐含波动和持仓结构预览，尚未披露业绩、指引或公司级新增经营事实。
📄 原文Seeking Alpha↗ 原文
SK hynix earnings setup: Options market prices in double-digit move
As SK hynix (SKHY) is set to report its first earnings since its Nasdaq debut on July 28 after the market close, invest…
不做 SK海力士（SKHY.US）
财报尚未发布，当前仅是期权市场波动定价和持仓结构，方向不明确；不做，等7月28日盘后实际财报和指引再由新信号研判。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-27 · 扩散 medium · price-in 风险 medium ↗
关键理由
- 这只是财报前期权隐含波动和持仓结构预览，尚未披露业绩、指引或公司级新增经营事实。
主要风险
- 7月28日盘后财报本身可能形成新催化，但需等实际业绩与指引相对预期的差异后重新研判。
原文全文
展开原文 · 1,622 字
As SK hynix (SKHY) is set to report its first earnings since its Nasdaq debut on July 28 after the market close, investors will be closely watching the stock's post-earnings reaction.
Wall Street expects the company to report revenue of KRW 84.12 trillion, with GAAP EPS of KRW 80,145.08 and Non-GAAP EPS of KRW 70,975.39, equivalent to approximately $4.87 per share on a GAAP basis.
The at-the-money straddle for Friday's expiration implies traders are pricing in a post-earnings move of about 10.9% in either direction. Based on the current share price of $139.90, the options market suggests an expected trading range of roughly $125.60 to $155.14 following the results.
Positioning in the July 31 weekly options reflects a notably bearish tilt. The $120 put carries the largest put open interest among near-term strikes, with 16,704 contracts, indicating a key downside level. On the call side, the $170 strike has the highest open interest at 4,516 contracts. Overall sentiment remains heavily skewed toward downside protection, with 108,579 put contracts versus 19,324 call contracts, resulting in a put/call open interest ratio of 5.62, well above the level of 1.0 that is generally considered balanced.
Looking further out on the options curve, traders have accumulated sizable positions at deep out-of-the-money strikes. The $200 call holds the largest call open interest overall, with 53,031 contracts, suggesting some investors are positioning for a sharp upside move over a longer horizon. Meanwhile, downside hedging is concentrated at the $85 put, which has the highest put open interest at 65,470 contracts.
Wall Street expects the company to report revenue of KRW 84.12 trillion, with GAAP EPS of KRW 80,145.08 and Non-GAAP EPS of KRW 70,975.39, equivalent to approximately $4.87 per share on a GAAP basis.
The at-the-money straddle for Friday's expiration implies traders are pricing in a post-earnings move of about 10.9% in either direction. Based on the current share price of $139.90, the options market suggests an expected trading range of roughly $125.60 to $155.14 following the results.
Positioning in the July 31 weekly options reflects a notably bearish tilt. The $120 put carries the largest put open interest among near-term strikes, with 16,704 contracts, indicating a key downside level. On the call side, the $170 strike has the highest open interest at 4,516 contracts. Overall sentiment remains heavily skewed toward downside protection, with 108,579 put contracts versus 19,324 call contracts, resulting in a put/call open interest ratio of 5.62, well above the level of 1.0 that is generally considered balanced.
Looking further out on the options curve, traders have accumulated sizable positions at deep out-of-the-money strikes. The $200 call holds the largest call open interest overall, with 53,031 contracts, suggesting some investors are positioning for a sharp upside move over a longer horizon. Meanwhile, downside hedging is concentrated at the $85 put, which has the highest put open interest at 65,470 contracts.
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