Looking at the QFIN 360 DigiTech options chain ahead of earnings , I would buy the $22.5 strike price Calls with
2023-5-19 expiration date for about
$2.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
During the six months through June, 360 DigiTech's (QFIN:NASDAQ) net profit was CNY 1.548 billion, representing an increase of 76.6% year-on-year.
According to the performance report for Q2 2021:
- The revenue was CNY 4.002 billion (up 19.8%).
- The net profit was CNY 1.548 billion (up 76.6%) and the net profit margin was 38.7%.
- The net income of credit...
Analyzing four small-cap opportunities appearing amid the regulatory storm.
360 DigiTech (QFIN:NASDAQ)
360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base.
Unlike many of its peers, the company is a pure SaaS...
On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day.
Founded in July 2016, 360 DigiTech is a...
China's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market.
In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in...
